Kimbal Pvt Ltd’s $22M Series B Funding
Energy engineering company Kimbal Pvt Ltd announced on Thursday that it raised $22 million in a Series B funding round. The round was led by GEF Capital Partners, a sustainability-focused private equity firm, with participation from existing investor Niveshaay.
Details
The funding round will be utilized to support product development in power quality, energy management, and battery storage. Kimbal also plans to advance its Advanced Metering Infrastructure (AMI) vertical, manufacturing operations, and initiate international expansion. The company’s AMI is a smart system that assists electricity distribution companies in managing power more effectively.
Company Background
Founded in 2011, Kimbal Pvt Ltd is based in India and specializes in energy engineering solutions. With over 10 million AMI endpoints deployed, AMI remains the company’s largest business vertical.
Market Context
This funding round underscores the growing importance of energy security and transition in a world increasingly focused on sustainability. Kimbal’s agility and commitment to innovation position it well to meet the evolving demands of the global energy market.
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Source: YourStory