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Energy engineering company Kimbal Pvt Ltd has raised USD 22 million in a Series B funding round led by sustainability-focused private equity firm GEF Capital Partners. Existing investor Niveshaay also participated in the round, increasing its investment through a second follow-on funding.
The company plans to use the fresh capital to expand its product portfolio across power quality, energy management and battery storage. It will also invest in scaling its Advanced Metering Infrastructure (AMI) business, strengthening manufacturing operations and supporting international expansion.
AMI systems help electricity distribution companies manage power more efficiently by using smart meters, wireless communication networks and centralised software. These systems enable better tracking of electricity usage, reduce power losses, improve billing accuracy and help balance supply and demand.
Founded in 2011 by Ayush Sinhal and headquartered in New Delhi, Kimbal focuses on smart grid technologies. Its offerings include “Made-in-India” smart meters, RF-Mesh communication modules, Head End Systems (HES) and AI-based meter reading solutions. The company said it has deployed over 10 million AMI endpoints so far, making it a key player in the segment.
Arvind Kothari, Founder at Niveshaay, said, “Our conviction in Kimbal has only grown over time. They sit at the intersection of themes we have believed in for years. Energy security and energy transition have become global priorities, driving the need for smarter and adaptive power grids worldwide.”
He added, “The company’s agility, along with Ayush’s ability to attract top global talent, continues to keep it ahead of the curve.”
Ayush Sinhal, Founder and CEO of Kimbal, said the funding would support the company’s next phase of growth. “Energy transition is fundamentally changing how energy is measured, managed, and traded. With continued investor trust and new global backing, we now have the runway to deepen our engineering capabilities, scale faster and take Kimbal global,” he said.
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