Polaris Smart Metering has secured $100 million in funding from I Squared Capital.

A private equity firm based in Singapore named I Squared Capital has made a significant investment of $100 million, enabling them to acquire a controlling interest in Polaris Smart Metering Pvt Ltd.

This company holds ownership of Gram Power (India) Pvt Ltd. This acquisition marks a major move by I Squared Capital.

According to Khaitan, Polaris has provided nearly 100,000 smart meters for various government and private sector projects.