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

- 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.

Power line communication modem company for India Market.

- We provide our services to Adani Power as well.

- 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.

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.

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

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

- There are 2 shareholders in the company each holding 50% stake in the company.

- The company is debt free.