Kimbal Secures $22 Million in Series B Funding to Expand Global Energy Solutions
Kimbal raises $22 mn Series B led by GEF to expand grid tech globally
Business Standard
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Kimbal Private Limited, an energy engineering firm based in India, has raised $22 million in a Series B funding round led by GEF Capital Partners. The investment will support product development, enhance manufacturing operations, and facilitate international expansion, positioning Kimbal to play a significant role in the global energy transition.
- 01Kimbal raised $22 million in Series B funding to expand its energy solutions.
- 02GEF Capital Partners led the funding round, with Niveshaay participating as a returning investor.
- 03The capital will enhance Kimbal's product development and manufacturing capabilities.
- 04Kimbal's Advanced Metering Infrastructure is its largest business with over 10 million endpoints deployed.
- 05The company aims to address global energy transition challenges through innovative technology.
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Kimbal Private Limited, an energy engineering company headquartered in India, has successfully closed a $22 million Series B funding round led by GEF Capital Partners, a private equity firm focused on sustainability. Existing investor Niveshaay also participated through its Sambhav Fund. The funds will be utilized to enhance Kimbal's product development in power quality, energy management, and battery storage, as well as to strengthen its Advanced Metering Infrastructure (AMI) vertical and manufacturing operations. Kimbal's CEO, Ayush Sinhal, emphasized the importance of sustainability and innovation in the evolving energy landscape. Founded in 2011, Kimbal has deployed over 10 million AMI endpoints and developed advanced solutions like Vayu, a large-scale IoT connectivity suite, and Vaani, a cloud-based head-end system. The company is also launching Kimbal Edge Intelligence (KEI), a platform designed for edge computing in energy grids. With a team of over 300 engineers operating globally, Kimbal is well-positioned to contribute to the energy transition and grid modernization efforts in India and beyond.
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The funding will enable Kimbal to enhance its energy solutions, which could lead to improved energy management and sustainability in India and other markets.
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