Probus Secures $5 Million in Series A1 Funding Led by Unicorn India Ventures
Probus, a New Delhi-based smart grid technology startup, has raised $5 million in a Series A1 funding round led by Unicorn India Ventures. This marks the fourth investment by Unicorn India Ventures in Probus since 2021, underscoring the investor's continued confidence in the startup's growth trajectory and innovative solutions.
The fresh capital infusion comes on the heels of Probus's remarkable growth, with its order book now standing at INR 400 crore. The company has also reported a staggering 10X increase in revenue since its last funding round in 2023, highlighting its rapid expansion and strong market demand for its offerings.
Probus specializes in smart grid technology and advanced metering solutions, catering to the evolving needs of India's energy sector. The startup's solutions are designed to enhance grid efficiency, reduce energy losses and enable real-time monitoring of power consumption, aligning with the country's push toward sustainable energy management.
With this latest funding, Probus plans to accelerate the scaling of its smart grid technology and expand its metering solutions across India. The company aims to strengthen its presence in both urban and rural markets, addressing the growing demand for reliable and efficient energy infrastructure.
Commenting on the funding, Probus Founder/CEO - Anand Singh said, "This investment is a testament to the hard work of our team and the trust our investors have placed in our vision. We are committed to revolutionizing India's energy landscape by deploying cutting-edge smart grid solutions that empower utilities and consumers alike."
Unicorn India Ventures, a leading early-stage venture capital firm, has been a consistent backer of Probus since its early days. On asking one person from Unicorn India Ventures told, "Probus has demonstrated exceptional growth and innovation in the smart grid space. We are excited to continue supporting their journey as they scale their technology and expand their footprint across India."
To date, Probus has raised over $8 million in funding, including the latest round. The startup's ability to secure consistent investment reflects its strong market position and the increasing importance of smart grid solutions in India's energy transition.
As Probus gears up for its next phase of growth, the company is poised to play a pivotal role in shaping the future of India's energy infrastructure, driving efficiency, sustainability and innovation in the sector.
Probus is a New Delhi-based startup specializing in smart grid technology and advanced metering solutions. The company aims to transform India's energy landscape by enabling efficient and sustainable energy management through cutting-edge technology.
Unicorn India Ventures is an early-stage venture capital firm focused on investing in innovative startups across sectors such as technology, healthcare and energy. The firm has a strong track record of backing high-growth companies with disruptive potential.