Deeptech Start-up Comminent Raises $2m from Transition VC to Scale IoT for India’s Smart-Meter Roll-Out

Deep-tech IoT start-up Comminent has raised $2 million in a seed round led by energy-transition fund Transition VC.

The start-up said that the raised money will be used to scale its device-agnostic RF-mesh communication stack for smart metering and other smart-city projects.

Comminent, founded by Amarjeet Kumar and Vikas Kashyap is already contracted to deliver more than one million endpoints under existing agreements and plans to expand into smart street lighting, water metering and broader intelligent-infrastructure projects.

The company said it is targeting ₹300 crore in revenue within the next three years.

Tech Stack & Competitive Edge

The start-up builds a standards-based communications platform comprising RF-mesh modules, edge gateways and a network-management stack that is device-agnostic and designed for high throughput, self-healing connectivity and vendor interoperability, features Comminent says are critical to large, heterogeneous smart-meter rollouts.

The company positions this stack as a lower-OPEX, more reliable alternative to legacy PLC or telecom-dependent options.

Proceeds from the round will fund hiring, manufacturing automation and strategic inventory to meet fast, large-scale deployment timetables. Comminent is also exploring international partnerships, with initial interest reported from markets such as the US and Japan.

Investor View & Market Context

Transition VC’s partners said the start-up’s RF-mesh approach addresses a key last-mile communications gap that has bedevilled large public-utility smart-meter programmes. India’s national plan to deploy 250 million smart meters over the coming years makes the opportunity especially large for scalable, interoperable networking solutions.

Founder Amarjeet Kumar said the capital and investor expertise will help commercialise Comminent’s solutions across smart metering and smart-city domains and accelerate climate-focused infrastructure upgrades. Transition VC highlighted the potential for OPEX savings and resilience in grid-edge communications.

If Comminent can convert its pipeline and meet projected scale, it could become a core supplier for utilities and municipal authorities looking to complete dense smart-meter rollouts and modernise city infrastructure, a multi-billion-dollar transformation that hinges on reliable last-mile communications.