Tata Power and Social Alpha have announced investment in Industrial IOT startup ‘URJA’ – an innovative solution consisting of Smart Sensors and Analytics platform founded in 2017, by Saurabh Jhamb and Anant Jhawar.
With the infusion of new investment, the company aims to scale up its sales strategy, expand B2B business and strengthen their back-end technology using advanced artificial intelligence/machine learning capabilities.
URJA has been awarded a patent on the sensor technology and analytics platform that generates ‘real-time actionable insights’ for factory floor monitoring & automation.
URJA sensors manufactured in-house have enabled small and medium businesses to save on their electricity consumption by detecting energy losses and predicting maintenance of production machinery.
According to its founders, URJA is estimated to potentially save over $2 billion through its patented sensors and analytics platform and has already tracked Rs.20 crore worth energy consumption through URJA EcoSense till now.
With this offering, Tata Power aims to be a fully integrated Energy as a Service (EaaS) solution provider with niche Smart Energy Management offerings.
We are glad to strengthen our partnership with a deep tech company like URJA. It shares our goal of delivering enhanced value-added energy management experience for customers. With this seed support, we look forward to creating a robust solutions to offer newer services to our customers in the space of energy consumption and optimization.” said Dr Praveer Sinha, CEO & MD, Tata Power.
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Tata Power believes in emerging technologies which can help commercial & industrial users to efficiently manage their energy consumption through its offerings,
CO2 avoidance estimates
RISE Institute Sweden has estimated that device-level energy innovations such as URJA have potential to enable the avoidance of 13 MtCO2e per year by 2030. URJA is being incubated since 2019 at Social Alpha’s Clean Energy International Incubation Centre (CEIIC), a joint initiative of Government of India and Tata Trusts, and supported by Department of Biotechnology (DBT), BIRAC, Tata Power and Tata Power-DDL. CEIIC is India’s first international incubator in clean energy under the aegis of Mission Innovation.
(Featured photograph sourced from enterprisetalk.com is for illustration only)
