Circolife raises $4.5m Pre-Series A to expand its cooling fleet
Bharat Jaisinghani led the financing as Circolife builds its installation and service capacity across more locations.
Scaling the installed fleet and service operation
Circolife’s $4.5 million pre-Series A was led by Bharat Jaisinghani, joint managing director of Polycab India, with individual, fund and family-office investors also participating. The company operates in five Indian cities and plans a fourfold increase in subscribers.
The expansion requires a larger installed air-conditioning fleet and more in-house installation and service capacity. Circolife also plans further development of IoT-based predictive maintenance and digital twins to support equipment across its operating life.
Use of funds
Expand the deployed cooling fleet and geographic footprint
Scale in-house installation and service capabilities
Advance AI-augmented IoT predictive maintenance and digital twins