Indian energy tech firm Kimbal Private Limited has secured $22 million in a Series B funding round.

The investment, led by GEF Capital Partners with follow-on support from Niveshaay, was announced on April 30.

Funding Fuels Ambitious Growth

Kimbal plans to use the capital to expand its advanced metering infrastructure (AMI) business and enter the Australian market.

Additional funds will support product development in power quality management, energy storage solutions, and manufacturing operations.

India’s Massive Smart Meter Drive

Founded in 2011, Kimbal has deployed over 10 million metering endpoints, with AMI forming its core business.

India has outlined plans to roll out hundreds of millions of smart meters under programs such as Revamped Distribution Sector Scheme, aimed at improving billing efficiency and reducing system losses.

Innovating Beyond Basic Meters

Kimbal is also developing software and system capabilities to enhance grid management and energy monitoring as utilities modernize infrastructure.

The company’s planned expansion into Australia reflects growing international demand for smart grid and metering solutions.

Industry Momentum

The funding highlights continued investor interest in grid modernization technologies, as utilities globally adopt digital systems to support more efficient and resilient power networks.