Promethean Energy funding, investors and company details

Promethean Energy is an emerging Power and Energy startup from Mumbai, working in the space of IoT-enabled heat recovery and thermal energy solutions designed to cut industrial energy costs. Founded by Rajat Agarwal, Ashwin Krishna.

Company: Promethean Energy Private Limited
Sector: Power and Energy
Location: Mumbai
Founders: Rajat Agarwal, Ashwin Krishna
Total funding raised: ₹17.11 Cr

Company overview

Promethean Energy delivers IoT-enabled heat recovery and thermal energy solutions designed to cut industrial energy costs by up to ~40% while helping companies meet sustainability goals. Their offerings include systems like compressor-heat recovery, flue gas/effluent heat reclamation, high-temperature heat pumps, and smart controls & monitoring. By recovering what would be wasted heat and optimizing thermal systems, they enable manufacturers across sectors like FMCG, textiles, chemicals, steel, and automotive to operate more efficiently and with lower carbon footprint.

Funding rounds

Latest round (Pre series A): $ 2.00 Mn (₹17.11 Cr.), 2025-05-22. Investors: Transition VC, Sangam Venture, Sagana Capital, Fondation Botnar, Sangam Venture, Sagana Capital, Fondation Botnar