Aliste Technologies Raises $3.2M for Energy Management Expansion

Delhi NCR-based smart home automation startup Aliste Technologies has raised ₹30 Cr (approximately $3.2 million) in a Pre-Series A round, combining equity and debt. The funding was led by Big Global JSC, with participation from existing investor YourNest Venture Capital and Hbeon Labs, according to Inc42.com.

Founded in 2021 by Anant Ohri, Aakarsh Nayyar, Bhavya Kansal, Konark Gautam, and Shreyansh Jain, Aliste Technologies focuses on IoT-led solutions for both residential and commercial energy management. The company claims its products can reduce electricity consumption by 15% to 30%.

The company intends to allocate the fresh capital to expand research and development efforts aimed at energy-efficient solutions, enhance distribution networks, and broaden its product offerings. Aliste initially concentrated on smart home automation, offering retrofit devices like switches and sensors controllable via mobile apps or voice assistants, including Alexa, Google Home, and Siri. These systems are designed to integrate with existing wiring, avoiding the need for significant infrastructure changes.

Aliste has since expanded into enterprise energy management, targeting co-living operators, hospitality players, and retail businesses. Its technology provides a smart layer over existing buildings, enabling real-time tracking of electricity consumption. This helps in reducing energy wastage and improving billing efficiency. In co-living spaces, Aliste’s monitoring systems plug into existing electrical panels to identify energy leaks and enhance billing transparency. For retail stores and restaurants, especially high-traffic outlets, Aliste’s systems track equipment usage efficiency.

The company currently manages approximately 3 million units of energy each month across more than 150,000 IoT devices, estimating monthly savings of about 328,000 kg of CO2. To date, Aliste Technologies has raised over $4 million in total funding, including a $1 million seed round in December 2023.

Aliste Technologies competes with companies such as SmarDen, Atomberg, OOB SmartHome, KARBAN Envirotech, and Keus.

The smart home segment in India is projected to reach $19.31 billion by 2030, growing at around 30% annually within the broader home appliances market, which is expected to grow to $117 billion by 2033.