Unicorn India ventures invests in power distribution grid automation startup

Mumbai-based early stage VC Fund house Unicorn India Ventures has announced its fourth investment from Rs 400 crore Fund II in IOT enabled Smartgrid automation startup Probus Smart Things. The Company has raised an undisclosed seed round from UIV which will be used for scaling up the platform and entering new geographies.

Probus digitises the distribution grid and functions as an IoT platform based service. They are winners of the “Best Startup in India” for their sustainable solution at the 2019 Seedstars Delhi. The company and the underlying technology has been awarded by Indian Smart Grid Forum twice for the solution in 2018 and most recently in 2020. Probus is a powerful IoT solution for electricity distribution utilities that helps them achieve distribution grid analytics and automation, which subsequently enables a much more efficient distribution of electricity along with quicker restoration of electricity after power disturbances. Probus further enables reduced operations and management costs for utilities, and ultimately lower power costs for consumers.

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