Why This Matters
Founded by Abhishek Murarka, Tushar Patil and Devanshu Mishra, Circolife provides AC units to businesses on a subscription model, while handling installation, maintenance and refurbishment throughout the equipment lifecycle. Its IoT-connected units monitor temperature, power consumption and gas pressure, enabling predictive maintenance and reducing the need for customers to make upfront cooling investments.
What's the Bigger Picture?
Cooling is becoming a major climate-tech and energy-efficiency opportunity as businesses look for more efficient ways to manage rising cooling demand without heavy capital expenditure. The growth of Cooling-as-a-Service models signals a shift from simply selling equipment to providing cooling as an ongoing, data-driven service.
Key Takeaways
The ₹40.45 crore round was led by Bharat Jaisinghani, joint managing director of Polycab India, with participation from individual, fund and family-office investors. Circolife currently operates across five cities and plans to quadruple its subscription base and reach 40,000 cooling units within 24 months, while further developing its AI, IoT and digital-twin platform.
