Anicut Capital invests Rs 17 crore in Illumine-i

CHENNAI: Illumine Industries (Illumine-i), a sustainable design and engineering firm, has raised Rs 17 crore in a funding round led by Anicut Capital to scale its operations. With this fundraise, Illumine-i plans to invest in automation and digitization of its engineering assets and accelerate expansion into new markets.

Founded in 2015 by former SolarCity and Sunrun employees Nithish Sairam and Sudarsan Krishnan, Illumine-i started with a team of five with a focus on designing low voltage power plants. Over the years, the company has grown to offer structural & electrical engineering expertise for power plants, energy storage systems and distribution components. Beyond the power sector, Illumine-i extends digital modelling, MEP engineering & project management expertise to the architecture, engineering and construction (AEC) sector.

"Anicut Capital resonates with our commitment of developing high-value community assets. In the next 12 months, our goal is to introduce tech-based solutions, which would directly translate into reduced risk, reduced cost and improved quality of assets for our customers," Nithish Sairam, founder & CEO of Illumine Industries, said.

"Illumine-i is at the intersection of a fast-growing global market and India’s talent pool to deliver for such a market. Nithish and Sudarsan have built a very strong and scalable business in the renewable energy market " Adithya Bharadwaj, vice-president, Anicut Capital, said.


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