With $8M raised to date, Probus scales AI-based smart metering solutions, expanding into 9 states and driving India’s Net Zero goals.
DeepTech startup Probus Smart Things has secured $5 million in Series A1 funding, led by Unicorn India Ventures, with additional participation from US-based and Indian family offices. This marks Unicorn India Ventures’ fourth investment in Probus, reinforcing confidence in the company’s AI-driven energy management solutions. With this round, Probus’ total funding has crossed $8 million.
Probus will use the funding to scale its AI-powered smart grid applications and expand its patented dual-communication smart metering technology across multiple states in India. The company’s ₹400 crore order book reflects its 10X revenue growth since 2023, cementing its role as a leader in smart metering and power distribution automation.
Probus specializes in end-to-end IoT solutions for electricity distribution utilities, enabling them to digitize their grids, optimize power distribution, and enhance operational efficiency. With the growing adoption of Automatic Metering Infrastructure (AMI) under India’s Revamped Distribution Sector Scheme (RDSS-2), Probus is focusing on expanding AI-driven real-time analytics and predictive maintenance solutions.
According to Anil Joshi, Managing Partner at Unicorn India Ventures, Probus has emerged as a game-changer in India’s last-mile power distribution ecosystem. He highlighted that the company’s ₹400 crore order book, coupled with rapid innovation in AI-powered smart grid solutions, showcases its strong market potential. With India’s increasing focus on renewable energy integration and grid automation, Probus is well-positioned to lead the transformation in power distribution technology.
Anand Singh, Co-founder & CEO of Probus Smart Things, stated that Probus is committed to digitizing India’s electricity grid and reducing distribution losses. He emphasized that the company’s AI-driven grid analytics and real-time monitoring solutions are helping utilities transition toward a sustainable and data-driven energy ecosystem. Singh also announced that Probus is set to expand its AI-powered solutions to 9 states, further scaling its footprint in India’s smart grid transformation journey.
The company’s dual-communication smart metering technology, integrating cellular and Bluetooth networks, ensures seamless data transmission while reducing operational costs for utilities. This innovation is already being deployed across multiple states, significantly improving the adoption of smart meters.
Since its last funding round in 2023, Probus has achieved significant milestones, including filing for four new patents, tripling its team size, and launching a state-of-the-art Innovation Center in Noida. With strategic partnerships with major power utilities such as Adani Power, Tata Power, and Torrent Power, Probus is strengthening its role as a trusted partner in India’s smart grid revolution.
With the Indian government’s focus on sustainable energy transition, Probus plans to vertically integrate its AI-powered grid management solutions and drive innovation in smart metering, energy analytics, and power distribution automation. The company is poised for 10X revenue growth over the next 12 months, leveraging real-time AI-powered analytics to make India’s energy sector more efficient, data-driven, and resilient.
For more details, visit Probus Smart Things.
About Unicorn India Ventures
Unicorn India Ventures is a leading technology-focused early-stage venture fund, backing DeepTech, AI, semiconductor, and energy startups. With ₹1,000 Cr Fund III, the firm has invested in Gamerji, Probus, Netrasami, Orbitaid, and other category-defining startups.
For more details, visit Unicorn India Ventures.
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