Energy Tech Platform Urja Sathi Raises Seed Funding Of Rs 35 lacs

Lucknow-based Urja Sathi, a sustainable energy-tech platform for buying and selling renewable energy solutions in India, has raised seed funding of INR 3.5 Million from entrepreneurs-cum-investors Ankitt Jain and Sharlee Jain.

This marks Urja Sathi’s maiden fundraising round; prior to this, the startup had remained bootstrapped since its inception in 2023. Urja Sathi claims to have launched India’s first-of-its-kind, privately-owned online marketplace portal exclusively dedicated to renewable energy-based, environment-friendly products and services, with an emphasis on solar at the moment. The e-commerce portal, launched in January this year, aims to democratize access to various types of clean energy technologies for today’s end-users, making it simpler, seamless and highly sustainable for both individuals and businesses to embrace solar and other forms of sustainable energy at scale.

Speaking on the fundraise, Anurag Srivastava, Founder, Urja Sathi said, “This investment marks a significant new chapter in Urja Sathi’s journey, and fuels our long-term vision of bringing all buyers, sellers, and a diverse range of key ecosystem players of the clean energy segment in India under one roof via our platform, and eventually becoming the biggest, most efficient and credible marketplace in India catering to renewable energy. Through the Urja Sathi marketplace portal and upcoming app, we are committed to streamlining the adoption of solar and clean energy for both residential and commercial customers in India.”.

Urja Sathi would utilize the newly acquired seed capital to acquire talent, improve customer support, and to enhance marketing, branding and visibility amongst its potential B2B and B2C audiences.

The company is now looking forward to launch its flagship ‘Urja Sathi mobile app’ by April 2024, and aims to onboard 5000+ solar manufacturers, EPC players, and sustainable energy solutions provider companies pan India, alongside at least one lakh B2C end-users, on its e-commerce platform within the next one year or so. In the near future, apart from solar, the platform will also be focusing on Green Hydrogen, EV, wind and other emerging segments within the broader green energy landscape in our country.

The parent firm of Urja Sathi is Ayodhyavasi Corporation Pvt.