IvyCap Ventures on Wednesday announced ₹15 crore financing for AI-powered energy analytics firm Bidgely to accelerate their growth plans in India. Bidgely uses artificial intelligence (AI) to transform utility meter and customer data into business intelligence and for utilities and energy retailers to better engage with customers. Enabling the creation of personalised energy profiles for individual customers, utilities and retailers benefit from targeted marketing and as well as the ability to modernise grid operations. Backed by leading investment firms like Georgian Partners and Khosla Ventures, Bidgely works with over 30 utilities and energy retailers across the globe.
