Energy management startup Aliste Technologies raises Rs 30 crore in a mix of debt and equity

Energytech & IoT solutions provider Aliste Technologies has raised Rs 30 crore in a pre-Series A funding round comprising a strategic mix of equity and debt led by Big Global JSC (the corporate venture arm of the Bitexco Group), with participation from existing investor Yournest Venture Capital and their manufacturing partner Hbeon Labs.

Founded in 2021 by VIT batchmates Anant Ohri, Aakarsh Nayyar, Bhavya Kansal, Konark Gautam, and Shreyansh Jain, Aliste provides a suite of product-enabled energy solutions. By integrating proprietary IoT hardware into existing facilities, the startup helps businesses in the hospitality and commercial sectors reduce costs, minimize energy waste, and achieve long-term sustainability goals.

“Aliste is building the intelligence layer for energy - helping enterprises to monitor, control, and optimize usage across hospitality, co-living, and commercial spaces," said Shreyansh Jain, Co-Founder & CTO of Aliste.

“Our core conviction is that what is good for the planet is inherently good for business. We are proving that sustainability is a critical financial lever, not just an ESG check-box,” he added.

The startup will use the raised capital to double down on Research of Energy-aligned solutions and improve distribution.

Preetinder Panjrath, CFO of BIG Capital, said, “As AI adoption accelerates energy cost will continue to accelerate the upward trend, which will negatively impact business operating margins and straining disposable incomes. Aliste Technologies energy management system is positioned at the intersection of AI adoption and higher energy costs and we expect them to be a prime beneficiary of this trend as it helps alleviate the structural rise in energy cost.”

Aliste claims that it is managing a monthly energy volume of approximately 3 million units across 1.5 lakh+ IoT assets. The startup said it is on track to save approximately 3,28,000 Kilograms of CO2 every month, which is equivalent to planting 13,000+ mature trees every single month.