Smart Joules raises $10M to scale AI cooling solutions as India's energy demand surges

• Smart Joules raised $10 million in Series B funding led by SBI Ventures’ Neev II Fund, Waaree, and Spectrum Impact.
• The capital will scale its AI-driven cooling solutions, including the DeJoule ML platform and JouleCool service, to meet India's rising cooling demand.
• The company aims to reduce India's significant cooling energy consumption by half through technology and innovative business models.
• Smart Joules plans to expand its footprint into cooling-intensive sectors like pharmaceuticals, data centres, and hospitals.
• With current annual revenues of ₹70 crore, Smart Joules targets over ₹200 crore next year, driven by larger projects.

Why It Matters: AI cooling tech gets funding to curb India's huge energy consumption.