Archive · 3 Dec 2025
Apraava Energy Secures $92M for Smart Meters
Apraava Energy, a company that helps with electricity, got $92 million from two big UK companies, BII and Standard Chartered.
This money will help Apraava put in smart meters in homes and businesses across India.
Smart meters help make the electricity system better by reducing waste and making it easier to use clean energy.
The Indian government has a big plan to put in 250 million smart meters by 2026, and Apraava is helping with that.
The smart meters will make the electricity grid more efficient and reliable, which is good for the environment.
Apraava Energy secured $92 million from BII and Standard Chartered for smart meter expansion.
The funding will support the installation of 2 million smart meters in homes and businesses.
Smart meters aim to improve grid efficiency, reduce losses, and integrate renewable energy.
The Indian government's RDSS scheme targets 250 million smart meters by 2026.
Apraava has a track record of successful smart meter projects in Assam and Himachal Pradesh.
- Who
- Apraava Energy, British International Investment (BII), Standard Chartered
- What
- Secured $92 million for smart meter expansion
- When
- December 3, 2025
- Where
- India
- Why
- To support India's energy transition and grid efficiency
- Amount Raised
- ₹800.9 crore ($92 million)
- Investors
- British International Investment (BII) and Standard Chartered
- Purpose
- Advanced Metering Infrastructure (AMI) expansion
- Target
- Install 2 million smart meters
- Government Scheme
- Revamped Distribution Sector Scheme (RDSS)
- Government Target
- 250 million smart meters by 2026
- Apraava's Target
- 7.8 million smart meters