Energy analytics company iRasus Technologies raises seed round

Energy analytics company iRasus Technologies has raised Rs 4 crore in a seed round co-led by Rohit Rajput and Srikar Reddy of IAN Angel, with participation from DFAN and other angel investors. 

The funds will be used to expand its product and engineering teams and accelerate business growth across India, the company said in a press release.

Founded in 2019 by Arjun Sinha Roy and Anirudh Ramesh, iRasus specializes in providing analytics and intelligence on battery data for users in electric mobility and stationary battery storage solutions. The company aims to deliver crucial data intelligence for users transitioning away from fossil fuel-based energy solutions.

iRasus addresses the increasing demand for efficient integration of battery data into electric mobility and renewable energy storage solutions, focusing on scale, reliability, and affordability. Its flagship platform, Preksha, enables real-time battery management through predictive maintenance and comprehensive data analysis, helping users reduce costs, improve safety, and optimize battery usage. This insight is particularly valuable for sectors such as electric buses, fleet operators, and stationary battery users, allowing them to enhance performance, extend battery lifespan, and improve safety.

Based in Gurugram, iRasus plans to connect with battery manufacturers, fleet operators, OEMs, renewable energy storage providers, telecom operators, and other users of battery storage systems.