EnerZolve, an Indian energy technology startup, has raised $5.1 million in a funding round led by Jungle Ventures and Kae Capital, with participation from Chiratae Ventures, BRI Ventures and a consortium of industry angels. The funding marks a key milestone in the company’s growth and reflects strong investor confidence in its technology and market potential. The company plans to deploy the capital to scale its artificial intelligence and machine learning-driven platform that optimises energy procurement, scheduling and dispatch decisions for commercial and industrial customers. By enabling enterprises to navigate power price volatility more effectively, the platform aims to deliver meaningful cost savings and improve operational efficiency in energy procurement. EnerZolve also intends to strengthen product development capabilities and expand its team to support wider market adoption, particularly in sectors where energy costs form a significant share of operating expenses. The startup’s solutions leverage data analytics and advanced algorithms to provide real-time, actionable insights, helping large consumers balance reliability, cost and performance in energy purchasing decisions. Founded to address structural inefficiencies in energy procurement and utilisation, EnerZolve positions itself at the intersection of digital technology and power markets. Its platform is designed to empower corporates with smarter, data-driven decision-making tools in an increasingly complex and volatile energy landscape. Investors backing the round highlighted the robustness of EnerZolve’s technology, the expertise of its founding team and the growing demand for digital solutions to manage energy price uncertainty. The latest funding round underscores rising investor interest in energy technology companies that are transforming traditional power procurement through artificial intelligence and data-driven innovation.