Bangalore-based Aliste Technologies has secured fresh funding as it bets on the growing demand for smart energy solutions across Indian businesses.
Aliste Technologies has raised Rs 30 crore in a Pre-Series A funding round. The round was led by BIG Capital, with YourNest Venture Capital and HBeonLabs Technologies joining as participating investors. The company plans to use this capital to strengthen its research efforts and expand its distribution network across the country.
From Shark Tank to Enterprise
Aliste first came into the public eye after appearing on Shark Tank India, where it was initially positioned as a direct to consumer brand. Since then, the company has made a significant shift in its business model, moving away from individual consumers and focusing entirely on enterprise clients. Today, it operates as an energy intelligence platform, offering IoT based systems that help businesses track, manage, and reduce their energy usage in real time.
The platform is designed for industries where energy costs are a major operational concern, including hospitality, co-living spaces, and commercial real estate.
Scale and Impact
The numbers behind Aliste’s operations reflect a business that has grown meaningfully since its early days. The company currently manages more than 1.5 lakh IoT devices spread across over 20 cities in India. Its client list includes well known names such as Stanza Living, Domino’s, The Hosteller, and Punjab National Bank. According to the company, its platform has helped these clients cut energy consumption by as much as 20 percent. On the environmental side, Aliste claims its system reduces carbon dioxide emissions by approximately 3.28 lakh kg every month.
What Is Next
With the newly raised capital in hand, Aliste has set an ambitious target. The company aims to grow its overall impact by ten times within the current year and establish itself as one of India’s leading energy management platforms. The focus will remain on deepening its technology and reaching more enterprise clients across the country.
As India’s commercial sector continues to look for ways to cut costs and meet sustainability goals, platforms like Aliste are likely to find increasing demand in the months ahead.
