EdgeGrid was founded in 2020 by Sunil Talla and Prasad Yerneni, second-time entrepreneurs in the energy space in India. Sunil was later joined by co-founders Mushtaq Ahmed, Neeraj Sansanwal and Vamsi TP.
EdgeGrid is building a fully-integrated technology platform to enable the energy transition for last-mile customers - households, small businesses, commercial building owners and electric vehicle charging networks. EdgeGrid’s platform enables last-mile customers to consume energy efficiently and generate energy locally. Further more, it works closely with energy distribution companies and distributed energy generators to reduce their costs and expand renewable energy penetration for the entire ecosystem.
<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/4bc05666-8fe2-4f9e-b3cf-53be27a7be91/EG_Logo.png" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/4bc05666-8fe2-4f9e-b3cf-53be27a7be91/EG_Logo.png" width="40px" /> India’s energy sector is at crossroads as it ambitiously targets transitioning towards net zero without compromising the long-term sustainability of its grid. To achieve this transition, India will have to reimagine the way it generates, distributes and consumes electricity at both the grid and local level. Further, this transition must be financially viable for its incumbent utility companies that are currently facing over $60B in accumulated losses – a majority of which come from serving last-mile customers.
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Sunil Talla, Founder and CEO, EdgeGrid said “Having been in the energy space, it has become apparent that a shift in the way we produce and consume energy is essential. We believe that a consumer-centric-model instead of a centralized-model is the only viable solution to make this energy transition more sustainable and profitable. To have a material impact, you need to be willing to go where the emissions and losses are and hence focus on the last mile. We are excited to have Lightrock as our partner, with their immense global experience backing businesses in cleantech.”
Ashish Garg, Principal at Lightrock India said, “We are extremely excited to partner with EdgeGrid as they build the integrated energy distribution platform of the future. Sunil has built a world-class team which is capable of solving the highly complex and large energy distribution challenge through a technology and consumer-first approach with innovative system design and strong execution. EdgeGrid’s impact will be pivotal to expand renewable energy penetration in India”.
The Hyderabad based startup is building a digitally connected energy network that delivers on-demand clean energy at a fraction. It is a marketplace platform re-shaping the last-mile delivery of energy which rewards consumers for supporting climate-friendly power and responsible energy usage. It is on a mission to create one energy cloud platform, “The Energy Cloud of India”, where everyone can connect, transact and create value. EdgeGrid is changing the way energy is produced and consumed.
Lightrock India is the India-focused effort of the global Lightrock impact investing platform. Lightrock India was formed in September 2019 when the LGT group acquired Aspada – an early-stage impact investor formed in 2012. Lightrock India invests across transformational business models that create positive societal and environmental impact across themes of people, planet and business with about 40 companies and about $700M in assets. Lightrock, globally, has operations across 4 continents with over 60 investments managing about $2B in assets, and is backed by the Princely house of Liechtenstein and LGT, the international private banking and asset management group.
