SustLabs

SustLabs, founded in 2016 by Kaushik Bose, Soumya Bhattacharya, and Rohan Gupta, is an IIT Bombay incubated startup focused on energy efficiency and big data analytics. The company provides an AI stack that makes energy meters smart, enabling them to sense and prevent potential electrical hazards. SustLabs' core offering is designed to help households and small offices track and optimize their energy usage. Their product, Ohm Assistant, provides real-time insights into energy consumption patterns, empowering users to make informed decisions to reduce their energy footprint and save on electricity bills. This technology allows for appliance-level electricity consumption monitoring by analyzing smart meter data without the need for additional sensors inside homes.

SustLabs aims to democratize the energy space by providing users with more information and control over their energy consumption. The company licenses its tech-stack to global OEMs, telcos, and utilities. By deciphering real-time electricity consumption, SustLabs unlocks a wealth of information, generating valuable insights for utilities, appliance manufacturers, and market research companies, thereby creating data-driven revenue opportunities. The company's solutions are designed to promote sustainability by empowering individuals and organizations to adopt energy-efficient practices. SustLabs is working towards making its AI stack an integral part of next-generation smart meters, envisioning them as a 'FitBit for homes' – a health tracker for electrical appliances. The company has seen its user base grow significantly and has reported average electricity savings of 17.5% for its users. SustLabs is aiming for substantial growth, with a target of $100 million ARR in the coming years, driven by expansion in global markets, particularly in Europe and Asia Pacific.