By Enersider Desk | New Delhi
Waaree Renewable Technologies Limited (“WRTL”), announced a strategic investment in Smart Joules Pvt. Ltd. (“SJPL”), a Cooling-as-a-Service (CaaS) and Energy Efficiency company.
This investment underscores Waaree Group’s ambition to expand as an active participant in the Energy Transition and Climate Tech ecosystem, an official statement said.
Viren Doshi, Executive Director, WRTL, stated that the investment reflects Waaree’s commitment to building a broader Energy Transition platform.
Energy efficiency and Cooling-as-a- Service were described as pivotal to shaping a sustainable future and as models rapidly gaining traction in markets such as India, Southeast Asia, and MENA.
According to Rajesh Sharma who heads Investments & Growth at Waaree Group, the investment is regarded as a milestone in Waaree’s journey of supporting disruptive and category-defining businesses.
It was emphasized that capital is provided by Waaree alongside strategic partnerships, global networks, and long-term commitment, with the goal of being the first call for ambitious founders seeking to scale transformative solutions.
Cooling-as-a-Service was highlighted as an emerging global business model, driven by rising demand for cooling, climate change, and adoption of pay-per-use efficiency models.
It was further noted that, beyond Climate Tech, opportunities are actively being explored by Waaree across SaaS, Deep Tech, AI, Fintech, Electronics & Manufacturing, Logistics, Data Centers, and Consumer Tech.
Arjun P. Gupta, Founder & CEO, Smart Joules Pvt. Ltd. stated that Waaree Renewable Technologies is being welcomed both as an investor and strategic partner.
Plans were shared to expand Cooling-as-a-Service and AI-driven efficiency solutions to a wider customer base, thereby enabling industries, hospitals, and businesses to access sustainable cooling without upfront costs.
