December 3, 2025: Apraava Energy has announced a $92 million financing package to expand its Advanced Metering Infrastructure (AMI) footprint. The company plans to roll out over two million smart meters across homes and businesses, a step expected to transform electricity distribution and strengthen the country’s energy transition goals.
Smart meters are seen as a game-changer for India’s grid. They enable real-time monitoring, reduce technical and commercial losses, and allow better integration of renewable energy sources. For consumers, they promise greater transparency and control over usage, while for utilities, they provide efficiency and reliability.
2 Million Smart Meters: Apraava Energy’s Next Big Leap
Samir Ashta, Director – Finance & CFO of Apraava Energy, highlighted the significance of the move: “India stands at a pivotal moment in its energy journey. Diversifying into smart metering is critical to advancing the nation’s power sector. This financing empowers us to scale up and build a low-carbon, customer-centric energy future.”
The initiative also reflects the growing importance of digital infrastructure in energy distribution, where technology-driven solutions are becoming central to sustainability.
The funding comes from two major global players:
- British International Investment (BII) – The UK’s development finance institution and impact investor, committed to catalyzing sustainable growth in emerging markets. BII contributed $46 million, emphasizing its role in supporting innovative companies that drive India’s green transition.
- Standard Chartered – A leading international bank with a strong presence in India, also invested $46 million. The partnership highlights the financial sector’s confidence in smart metering as a viable and transformative business model.
Together, these investors are not only backing Apraava Energy’s expansion but also reinforcing India’s broader ambition of building a robust, low-carbon energy ecosystem.
