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Newly Established Smart Metering And IoT Based Company Investment Opportunity in Bangalore, India

Scalable smart metering solutions over power line and LoRa communication with cloud enabled software.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Cloud Software + 1 more
Locations  Bangalore
Local Time 10:33 AM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Seeking Investment
USD 260 thousand for 10.0% stake (Native Currency: INR 20,000,000)
Reason: To start working on pan India opportunity. To build more talented team to service the orders. To r... View More
Includes physical assets worth USD 6.4 thousand
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Business Overview

- We are a startup looking to create smart energy metering products communicating over power lines.

- Have an exclusive partnership with an Israeli.

- 25+ patents issued, and more are pending.

Power line communication modem company for India Market.

- We are one of the very few companies in India pioneering on power line communications. Our smart meters are highly unique which are field tested, time tested and are cloud enabled.

- Product portfolio includes 6 product variations and 3 software products.

- Working prototypes of the products have been already developed.

-Undergone POC with Private Utility. We expect to get a service order from them once commercial production starts.

- Have also worked with and done presentations for Middle East utility companies and a few apartment complexes.

- Promoters have over 15+ years of experience in the energy field and this is the 3rd startup they are working on together.

- Company's physical assets include laptop, furniture, 30 to 40 prototypes of the product.

Products & Services Overview

Hardware products include Single Phase Smart Meter, Three Phase Smart Meter, Repeaters, Customer Display Unit, Single Phase Energy Meter Interface Unit, Three Phase Energy Meter Interface Unit. Our software includes MDAS Server Software, MDAS Client Software, Meter Data Management Software.

Facilities Overview

600 Sq Ft office with a monthly rent of INR 15,000.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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