Enlite Secures $5 Million Funding Round to Accelerate Infrastructure Automation
Mumbai-Based Innovator Paves the Way for Global Expansion
Enlite, a Mumbai-based full-stack infrastructure automation company, has successfully raised Rs 46 crore (approximately $5 million) in its inaugural institutional funding round. This significant financial milestone was led by the early-stage investment firm Avaana Capital.
The funding round did not stop there; it also saw participation from Claypond Capital, a prominent family office backed by Ranjan Pai, chairman of the Manipal Group. This support underscores the growing interest in infrastructure automation and its potential in the market.
Plans for International Expansion
The newly acquired funds will enable Enlite to expand its footprint in international markets such as West Asia and Southeast Asia. The company aims to enhance its edge artificial intelligence (AI) and telemetry capabilities, which are critical for modern infrastructure.
In addition, the funding will facilitate increased deployments in vital areas including airports, data centers, public infrastructure, and hospitality. Enlite also plans to establish dedicated integration and go-to-market teams tailored for enterprise and governmental clients.
Transforming India’s Infrastructure Landscape
“India is witnessing a transformative phase in its infrastructure development, making it the fastest-growing market globally,” said Gaurav Bali, cofounder and CEO of Enlite, in an interview with the Economic Times. “We believe our innovations will add significant value to this ecosystem.”
Founded in 2017 by Gaurav Bali and Garima Bharadwaj, Enlite offers a plug-and-play automation system designed to replace conventional building management systems. Their innovative approach integrates compact wireless hardware, edge intelligence, and AI-driven controls to allow real-time responsiveness in buildings and infrastructure.
Advanced Technology at Work
According to Bharadwaj, “The cloud platform we’ve developed houses thousands of algorithms designed to manage different types of building equipment based on various parameters such as geography and occupancy.” This level of sophistication showcases Enlite’s commitment to utilizing technology for smarter building management.
Since its commercial launch in 2022, Enlite’s hardware has been deployed across more than 70 enterprise sites, encompassing a remarkable 25 million square feet of real estate. The company has successfully collaborated with notable entities including real estate developer Prestige Group and Fairmont Mumbai.
Diverse Clientele and Growing Reach
Enlite’s solutions cater to various sectors, including Real Estate Investment Trusts (REITs), GCC projects, and hospital networks. “Our installations span numerous pin codes, with the latest deployments in remote regions of Kerala, resort towns in Rajasthan, and tourist destinations in Uttar Pradesh,” said Bharadwaj.
Real-Time Intelligence and High Efficiency
The advanced hardware developed by Enlite reportedly makes around a million decisions per minute. This technology allows for precise monitoring and control of every parameter generated by building equipment, reinforcing the company’s commitment to operational excellence.
Patents and Future Innovations
Enlite has filed three global patents and is currently piloting a new large language model (LLM) technology directly integrated into its hardware. This innovative approach aims to further elevate the company’s offerings in the market.
In an ambitious move, Enlite forecasts revenue growth to surge tenfold in 2024-25, setting its sights on a further fourfold increase this year. This optimistic outlook reflects the company’s confidence in its technology and market potential.
Valuable Insights from Investors
Swapna Gupta, a partner at Avaana Capital, shared her thoughts on the investment: “Enlite is applying deep tech to transform how critical infrastructure is designed and operated. The team has built specialized hardware with real-time intelligence that significantly enhances infrastructure management across sectors and geographies.”
Conclusion
Enlite stands at the forefront of infrastructure automation in India, poised to revolutionize building management through innovative technology and strategic expansion plans. As the company continues to grow its international presence, it remains an exciting player in an emerging market that promises significant advancements in the infrastructure sector.
Frequently Asked Questions
1. What is Enlite’s primary focus?
Enlite focuses on infrastructure automation through innovative AI-driven solutions and real-time building management systems.
2. Who led Enlite’s funding round?
The funding round was led by Avaana Capital, with participation from Claypond Capital.
3. What markets is Enlite aiming to expand into?
Enlite aims to expand into West Asia and Southeast Asia.
4. How many enterprise sites has Enlite’s hardware been deployed in?
Enlite’s hardware has been deployed at over 70 enterprise sites, covering 25 million square feet of real estate.
5. What are Enlite’s projected revenue growth figures for the upcoming years?
Enlite anticipates a tenfold increase in revenue during 2024-25, with a target of further quadrupling revenue this year.
