7 months ago
Theia Ventures Leads $1M Pre-Seed Round in EarthSync Technologies
Theia Ventures, a fund that invests in early-stage companies focused on AI, deep tech, and clean energy, has led a $1 million investment in EarthSync Technologies.
EarthSync is a company that uses artificial intelligence to help businesses and power producers plan, buy, and manage renewable energy projects.
The investment will help EarthSync improve its technology and expand its services.
EarthSync has already worked on large solar and wind energy projects and helped companies bid for new projects.
Theia Ventures and Eximius Ventures, another investment fund, believe that EarthSync's technology can make it easier for companies to use renewable energy.
This investment is part of Theia Ventures' new fund, which has also invested in other clean energy and technology companies.
Theia Ventures led a $1M pre-seed investment round in EarthSync Technologies, with participation from Eximius Ventures.
EarthSync is an AI platform for renewable energy planning, procurement, and operations.
The investment will support the development of EarthSync’s AI-enabled clean energy modeling and forecasting engine.
EarthSync has already run 10 GW of solar and wind and 4 GWh of BESS simulations through pilots with key IPPs and C&I consumers.
The fundraise will support EarthSync’s team and product build-out, enable higher project and bid volumes on the marketplace, and accelerate global scaling.
- Who
- Theia Ventures and Eximius Ventures
- What
- Led a pre-seed investment round in EarthSync Technologies
- Where
- Bengaluru, Karnataka, India
- When
- January 29, 2024
- Why
- To support the development of EarthSync’s AI-enabled clean energy modeling and forecasting engine, policy-enabled techno-economic optimizations, and project marketplace
Key facts
- Investment Amount
- USD 1M
- Lead Investor
- Theia Ventures
- Participating Investor
- Eximius Ventures
- Company
- EarthSync Technologies
- Focus Areas
- Renewable energy planning, procurement, and operations
- Pilot Projects
- 10 GW of solar and wind, 4 GWh of BESS simulations
- Project Bids
- 200 MW of solar and wind, 100 MWh of BESS
Quotes
Priya Shah
Founder & GP, Theia Ventures
“We are delighted to partner with the EarthSync team as they transform how C&I customers and IPPs measure and manage the performance of their renewable energy installations. Through their proprietary AI-powered tech stack, the company is well positioned to deliver an agile, customizable, and accurate engine that disrupts the conventional Excel-based or legacy software models in this sector.”
theprint.in
Preeti Sampat
Partner, Eximius Ventures
“EarthSync is providing a single, trusted view of policy, pricing, and asset performance, one that every stakeholder around the table can finally rely on. We’re excited to welcome EarthSync into Fund II and partner with a team that understands this problem at a systems level.”
theprint.in
Rajat Singh & Mehul Kumar
Co-founders, EarthSync
“We are thrilled to welcome Theia and Eximius as our first institutional investors, partnering with us to accelerate and simplify energy transitions for IPPs, C&I consumers, and key industry stakeholders. We are building the digital energy backbone that converts policy, technical, and climate complexity into executable intelligence, working across auto manufacturing, data centres, metal and mining, chemicals, and textiles”
theprint.in
Sources
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