Comminent, a Bengaluru-based Internet of things (IoT) communications startup focused on smart city infrastructure, has raised US$2 million in new funding from Transition VC.

The new funding will be used for hiring, manufacturing scale-up, and inventory.

Founded by Amarjeet Kumar and Vikas Kashyap, Comminent develops standards-based RF mesh communication platforms designed for smart meters and utilities.

The company is contracted to deliver over 1 million smart electricity meter endpoints in India and is negotiating additional smart metering projects.

Comminent also plans to expand into smart street lighting and water metering solutions.

The company said it is projecting revenue of 300 crore rupee (US$36 million) by FY28. Comminent is also exploring international partnerships, including in the US and Japan.

🔗 Source: Comminent

🧠 Food for thought

1️⃣ India’s smart meter rollout represents one of the world’s largest infrastructure modernization opportunities

The scale of India’s smart metering ambition is significant globally, creating massive opportunities for technology providers like Comminent.

India’s target of installing 250 million smart meters over the next 4-5 years is among the largest international programs, with Energy Efficiency Services Limited (EESL) alone targeting 10 million installations by 2022 after already deploying over 500,000 units across states including Uttar Pradesh, Delhi, and Haryana1.

The economic impact is notable, with EESL projecting annual savings of ₹30,000 crores (approximately $3.6 billion) from smart meter deployment due to reduced power theft and improved billing accuracy1.

This creates a large market where Comminent’s contract for over 1 million endpoints represents just a fraction of the total opportunity, suggesting significant room for growth beyond their projected ₹300 crore revenue by FY28.

2️⃣ Smart city infrastructure spending momentum provides favorable timing for specialized IoT solutions

Comminent’s fundraising coincides with India reaching an advanced execution phase of its Smart Cities Mission, creating favorable market conditions for infrastructure technology providers.

The government has achieved 94% completion of its 8,067 smart city projects as of May 2025, with ₹1,51,361 crore already deployed across 100 cities2.