Energy technology and IoT solutions company Aliste Technologies has secured ₹30 crore in a Pre-Series A funding round, which includes a combination of equity and debt. The round was led by Big Global JSC, the corporate venture arm of the Bitexco Group, with continued backing from existing investor Yournest Venture Capital and manufacturing partner Hbeon Labs.
The fresh capital will be directed toward strengthening research in energy-focused solutions and expanding distribution networks. The company is also looking to broaden its offerings and move into new, innovative areas of growth.
Founded in 2021 by VIT batchmates Anant Ohri, Aakarsh Nayyar, Bhavya Kansal, Konark Gautam & Shreyansh Jain – Aliste’s journey has been one of significant evolution. Originally appearing on Shark Tank India Season 1 as a D2C Smart Home brand, the company has since matured into a sophisticated enterprise provider.
“Aliste is building the intelligence layer for energy – helping enterprises to monitor, control, and optimize usage across hospitality, co-living, and commercial spaces,” said Shreyansh Jain, Co-Founder & CTO of Aliste.
“Our core conviction is that what is good for the planet is inherently good for business. We are proving that sustainability is a critical financial lever, not just an ESG check-box”, he added.
The Aliste Ecosystem
Today, Aliste focuses on empowering businesses to achieve sustainability goals without compromising on their growth. The company builds its own proprietary tech that plugs directly into existing facilities, that handles everything from the hardware to the software, giving managers a clear, real-time look at their energy consumption & spends.
By acting as a “smart layer” over existing buildings, Aliste is delivering tangible results across three main areas:
- Smart Energy Monitoring (Co-living): Aliste’s monitors plug right into existing electrical panels to stop energy leaks and make billing transparent. By helping partners like Stanza Living switch to a prepaid energy model, their bill collections have been up by 30%.
Energy Management Systems (Retail & Restaurants): Built for high-traffic spots like QSRs, this system tracks how efficiently equipment is being used via energy signature analysis. This helps in reducing energy bills by up to 20% & alerts before asset breakdown, reducing store down-time.
- Revenue & Energy Leakage Protection (Hospitality): The Company has built revenue leakage monitors that help hotels in reducing electricity costs by up to 15% & eradicate wrongful room usage.
Preetinder Panjrath, CFO of BIG Capital commented, “As AI adoption accelerates energy cost will continue to accelerate the upward trend, which will negatively impact business operating margins and straining disposable incomes. Aliste Technologies energy management system is positioned at the intersection of AI adoption and higher energy costs and we expect them to be a prime beneficiary of this trend as it helps alleviate the structural rise in energy cost.
Aliste is now managing a monthly energy volume of approximately 3 Million units – across 1.5 Lakh+ IoT assets . Through its efficiency measures, Aliste is on track to save approximately 3,28,000 Kilograms of CO2 every month, which is equivalent to planting 13,000+ mature trees every single month.
The company aims to 10x this number within this year & establish themselves as the go-to player for energy management in India & beyond.
