The Future of Power Distribution is Here
Probus Smart Things, a DeepTech startup focused on transforming India’s electricity distribution, has successfully raised $5 million in a Series A1 funding round. This round, led by Unicorn India Ventures, also saw participation from top U.S. and Indian family offices. With this new funding, Probus is on a mission to accelerate the digitalization of India’s power grid, making it more efficient, smarter, and more sustainable.
What is Probus and What Does It Do?
Probus is at the forefront of the smart grid revolution. The startup develops innovative hardware and software solutions designed to help electricity utility providers enhance their distribution grids. Through its powerful IoT platform, Probus gives utilities real-time visibility into their networks. This visibility enables smarter decision-making and better automation, resulting in faster recovery from power outages and lower operational costs.
In short, Probus is making India’s power grid more efficient, helping utilities save on costs, and ultimately driving down electricity prices for consumers.
A Bold Mission to Transform India’s Power Distribution
According to Anand Singh, the CEO and Co-founder of Probus, the company’s goal is to digitize the last mile of India’s electricity distribution grid. This digital transformation is crucial for reducing power losses and helping India meet its ambitious Net Zero targets. By integrating cutting-edge communication technologies and data analytics, Probus is leading the charge in this transformation.
Why This Funding Round is a Game-Changer for Probus
With $5 million in new capital, Probus plans to:
- Expand its communications tech: This will allow the company to deploy its solutions across more smart grid and renewable energy applications.
- Integrate AI: Probus will invest in AI to boost its communication and networking stacks, enhancing the grid’s efficiency even further.
- Scale its smart metering solutions: The company is already deploying its innovative dual communication network modules in several states in India and will continue to expand this effort.
Anand Singh expressed his excitement about the new funding, saying, “We’re going to focus on scaling our technology across more smart grid applications while also strengthening our tech teams.”
Impressive Growth: A Snapshot of Probus’ Success
Probus has already made significant strides in the industry. Since its last funding round in 2023, the company has:
- Built an impressive order pipeline worth ₹400 crore.
- Grown revenues by 10X and achieved 3X year-on-year growth.
- Filed 4 patents.
- Tripled the size of its team.
- Opened a cutting-edge Innovation Center in Noida, with project offices in Mumbai and Ahmedabad.
With these milestones, Probus is on track to becoming a leader in the last-mile power distribution sector.
What Investors Are Saying
Anil Joshi, Managing Partner at Unicorn India Ventures, shared his enthusiasm about the company’s potential: “Probus has disrupted the last-mile power distribution ecosystem with tech-backed solutions that can scale. With their innovative approach and AI integration, we see them as a game-changer in the industry.”
Probus’ Big Plans for the Future
Looking ahead, Probus aims to:
- Vertically integrate its dual communication technology to further its expertise.
- Disrupt the consumer segment of the energy market using AI and real-time data.
With partnerships in place with major utility companies like Adani, Torrent, and Tata Power, Probus is set to lead the next wave of transformation in the energy sector.
Conclusion: Probus is Powering the Future
Probus Smart Things is one of the most exciting DeepTech startups in India right now. With this new funding, the company is set to continue revolutionizing the country’s power grid, making it smarter, more efficient, and more sustainable. If you’re excited about the future of energy, keep an eye on Probus – they’re just getting started.
