Anicut Capital Leads INR 17 Crore Series A Investment in Illumine-i, a Sustainable Design and Engineering Firm
Chennai, Feb 14, 2024: Illumine Industries Private Limited (Illumine-i), a prominent sustainable design and engineering firm, has secured funding from Anicut Capital to fuel its expansion plans. With this investment, Illumine-i aims to bolster its operations, enhance automation and digitization, and extend its services to new markets, fostering innovation and growth.
Established in 2015 by former SolarCity and Sunrun employees Nithish Sairam and Sudarsan Krishnan, Illumine-i initially focused on designing low voltage power plants. Since then, the company has emerged as a key player in sustainable engineering, offering expertise in structural and electrical engineering for power plants, energy storage systems, and distribution components. Additionally, Illumine-i provides digital modeling, MEP engineering, and project management services to the Architecture, Engineering, and Construction (AEC) sector.
“We’re excited to have Anicut Capital’s support as we embark on our next phase of growth,” stated Nithish Sairam, Founder & CEO of Illumine Industries Private Limited. “Their alignment with our vision of creating valuable community assets is remarkable. Over the next year, we aim to introduce technology-driven solutions to enhance asset quality, reduce costs, and mitigate risks for our clients.”
Adithya Bharadwaj, Vice President at Anicut Capital, expressed confidence in Illumine-i’s potential, stating, “Illumine-i operates at the convergence of a rapidly expanding global market and India’s skilled workforce. Nithish and Sudarsan have developed a robust and scalable business in the renewable energy sector. We are eager to support their expansion into new territories, diversification of product offerings, and continuous improvement of the customer experience.”
The investment from Anicut Capital, totaling INR 17 Crore in Series A funding, positions Illumine-i for accelerated growth and market expansion, reaffirming its position as a leader in sustainable engineering and design.
