PE-VC Fund Investments
Polaris Smart Metering attracts Rs.710-Cr from BII for West Bengal unit
Jaipur-based Polaris Smart Metering Pvt Ltd has raised INR 710 crore (around USD 80 million) from British International Investment (BII) for its subsidiary, Hooghly Smart Metering Pvt Ltd.Founded in 2012, Polaris, an I Squared Capital portfolio company, offers end-to-end smart metering solutions, encompassing manufacturing, deployment, communications infrastructure, and software platforms.The financing will support the deployment of over 2.2 million smart meters in West Bengal, further strengthening Polaris’ advanced metering infrastructure (AMI) footprint.
In Feb-23, Polaris Smart Metering had attracted about USD 100 M from I Squared Capital.
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