NyQuest Innovation Labs

What NyQuest Innovation Labs does

NyQuest Innovation Labs is a privately held company incorporated in Kerala, India in 2017, operating commercially under the brand Energy24by7. The company designs, sells, and installs proprietary residential and small-commercial solar energy products targeting Kerala households that already own traditional inverter-battery backup systems. Its commercial footprint is regional (Kerala) with stated ambition for the broader Indian market, and it runs a fully direct-to-consumer motion via phone, WhatsApp, email, and on-site installation teams with no distributor or retail intermediaries.

The company's core technology is its patented Battery Charging Inhibition (BCI) system, deployed across a modular product family: the iCON series of smart solar converters (iCON, iCON Lite, iCON+ for Online UPS) that retrofit existing inverters, the iCUBE smart solar inverter, the iSUN DC redirection device for ongrid households, and the iSTORE smart battery storage unit, alongside complete Ongrid rooftop solar solutions. BCI is paired with AI-driven optimization that dynamically arbitrates between solar, battery, and grid power, over-the-air firmware updates, remote diagnostics, and a mobile monitoring app (Energy24by7 App on Google Play). Claimed performance metrics include 81% solar utilization efficiency, 3-year payback versus 7-12 years for competitors, and up to 50% reduction in monthly electricity bills.

NyQuest generates revenue predominantly through one-time hardware sales of complete solar kits with associated installation and after-sales services. Pricing is not publicly disclosed; quotes are issued per-customer based on system size and configuration. The company is bootstrapped (no external funding rounds disclosed), employs 23 people, and is led by a five-member executive team including the CEO, CTO & Chief Mentor, CIO, Chief Growth Officer, and VP of Quality. Cumulative scale metrics are 10,000+ customers served and 50MW+ installed across Kerala, with no published revenue figures.

Name

NyQuest Innovation Labs

Legal name

NyQuest Innovation Labs Pvt Ltd

Website

https://energy24by7.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

NyQuest Innovation Labs, operating as Energy24by7, designs, sells, and installs proprietary AI-optimized solar inverter products and BCI-based battery management solutions for residential and small-business customers across Kerala, India.

Ownership category

akta.pro rank

Product category

Residential Solar Energy Systems

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Solar Inverters, Power Optimizers & MLPE Manufacturing (EUAMAHAB)

akta.pro secondary industries

Solar Plant Components Supply & Manufacturing (Modules, Cells, Wafers, Mirrors, Heliostats) (EUACAGAK), Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)

Keywords

• Smart solar inverters
• Solar energy solutions
• Residential rooftop solar
• Solar power conversion
• Energy storage systems

Headquarters

HQ city

Perumbavoor

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Solar Hardware Products: Energy24by7 generates revenue primarily through the sale of proprietary solar hardware products including the iCON Smart Solar Converter (available in 12V/550W and 24V/1200W variants), iCUBE Smart Solar Inverter (iCUBE 1000, iCUBE 2000), iSTORE Smart Energy Storage batteries, iSUN solar redirection device, iCON+ Online UPS solar interface, iCON Lite, and Ongrid rooftop solar solutions. Hardware is sold as complete kits including solar panels and all necessary components for installation. Revenue is one-time at point of sale, with the company also providing associated installation services.
2. Installation and After-Sales Services: The company provides professional installation services for all products across Kerala, dispatching expert technical teams to customer homes and businesses. After-sales support, remote diagnostics, and system maintenance are provided as part of the customer relationship, supporting ongoing customer satisfaction and retention.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

NyQuest Innovation Labs, operating under the brand Energy24by7, designs, sells, and installs proprietary smart solar hardware products for Indian residential and small-business customers. Its portfolio includes the iCON series of solar converters, the iCUBE smart solar inverter, the iSTORE battery storage system, the iSUN power redirection device, and Ongrid rooftop solar kits, all built around its patented Battery Charging Inhibition (BCI) Technology. The company sells these as complete kits bundled with professional on-site installation services across Kerala, India.

Product overview

NyQuest Innovation Labs operates Energy24by7, offering a comprehensive smart energy management ecosystem. The portfolio centers on the iCON series (iCON, iCON+, iCON Lite) solar converters that transform existing inverters into intelligent solar systems, the iCUBE smart solar inverter with patented BCI Technology, iSTORE battery storage solutions, iSUN power redirection devices for on-grid systems, and complete Ongrid rooftop solar installations. Key differentiators include proprietary BCI (Battery Charging Inhibition) Technology for preventing grid-based battery charging, AI-driven energy optimization, and mobile/web-based monitoring. The modular architecture allows customers to start with a basic iCON conversion and expand with iSTORE batteries, iCUBE inverters, or full Ongrid solutions.

Differentiator

Problem solved

Functional benefit

Brands

• iCON: Intelligent solar converter that transforms any inverter into a Smart Solar Inverter with AI-driven optimization and patented BCI Technology.
• iSUN
• iCON+
• iCON Lite
• iCUBE
• iSTORE

Products and services

• iCON Smart Solar Converter Intelligent solar converter that transforms any existing inverter into a smart solar inverter with AI-driven optimization, patented BCI Technology, and mobile/web monitoring. Available in 12V/550W and 24V/1200W variants.
• iCUBE Smart Solar Inverter Smart solar inverter featuring patented Battery Charging Inhibition (BCI) Technology and AI-driven intelligence for maximum solar energy utilization. Achieves 81% solar utilization efficiency with up to 50% electricity bill savings and a 3-year payback period.
• iCON+ Solar Interface for Online UPS Intelligent solar interface that seamlessly converts existing Online UPS into a solar-powered energy system, prioritizing solar energy for battery charging and load operation with direct solar charging capability.
• iCON Lite Smart Solar Converter Budget-friendly intelligent solar converter that transforms any inverter into a smart solar inverter with BCI Technology, AI-powered solar utilization, and faster ROI compared to conventional solar charge controllers.
• iSTORE Smart Energy Storage Intelligent battery storage system providing long-lasting backup with 160Ah capacity at 12V. Designed for durability with extended lifecycle, suitable for homes, offices, shops, and commercial setups with 36-month warranty.
• iSUN Solar Power Redirection Device Device that enables use of existing on-grid solar power during grid outages by automatically redirecting DC power from solar panels to charge backup inverter batteries, preventing solar energy wastage.
• Ongrid Rooftop Solar Solutions On-grid rooftop solar solutions for homes, businesses, and industries that seamlessly integrate with the electrical grid, maximizing savings and energy efficiency with real-time monitoring and optimized solar solutions. Designed to make electricity bills zero over 25+ years.
• Professional Solar Installation and After-Sales Service Professional on-site installation, after-sales support, remote diagnostics, and system maintenance services for all Energy24by7 products across Kerala. Expert technical teams are dispatched to customer homes and businesses to perform end-to-end installation from consultation through after-sales support.

Quantifiable outcome

• Up to 50% reduction in monthly electricity bills
• +8 more outcomes

Named customers18 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature7 records

Partnerships

One partnership is on record.

• Google Play (Android App Distribution)minorChannel Partner/ Reseller/ DistributorEnergy24by7 distributes its mobile application (Energy24by7 App / com.nyquestallenergy) through the Google Play Store, enabling customers to download and install the monitoring app on Android devices. The app is required for customers to access real-time solar monitoring, battery status tracking, and savings visualization features.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Su-Kam Power Systems: Su-Kam is a major Indian power backup and solar inverter manufacturer with a national dealer network. It is comparable to Energy24by7 in selling residential solar inverters and UPS-solar hybrids, but with far broader geographic reach.
• Microtek International: Microtek is a well-established Indian manufacturer of inverters, UPS systems, and solar solutions with deep retail distribution. Its inverter retrofit and solar product lines overlap with Energy24by7's iCON and iCUBE offerings for residential customers.
• Tata Power Solar: Tata Power Solar is a leading Indian rooftop solar EPC and equipment provider serving residential and commercial customers. It competes with Energy24by7 in the on-grid rooftop segment and represents the well-capitalized incumbent benchmark.
• Waaree Energies: Waaree is one of India's largest solar module manufacturers with growing presence in inverters and rooftop solutions. It competes with Energy24by7 across residential solar hardware, though Waaree's scale spans modules to full EPC.
• Adani Solar: Adani Solar is a large Indian solar PV and rooftop solutions provider serving residential, commercial, and utility customers. It is comparable as a residential rooftop solar provider though it operates at substantially greater scale than Energy24by7.
• Genus Power Infrastructures: Genus Power manufactures smart meters and has expanded into solar inverters and power electronics for the Indian market. It is comparable in selling residential and commercial power electronics in India, with broader infrastructure exposure.
• Luminous Power Technologies: Luminous is one of India's largest inverter and solar brands, offering a full portfolio of inverters, batteries, and rooftop solar solutions. It competes directly with Energy24by7 in the residential inverter-plus-solar space but at much larger scale and through a nationwide dealer network.
• Havells India: Havells is a large Indian electrical equipment brand with growing solar and inverter offerings through its nationwide distribution. It competes with Energy24by7 for residential solar customer wallet share but operates as a broad electricals incumbent.

Emerging players

• Enphase Energy: Enphase is a global leader in microinverters and MLPE solar power electronics. While Enphase serves markets outside India today, its technology category (module-level power electronics with app-based monitoring) directly parallels Energy24by7's iCON MLPE architecture.

Direct peers

• UTL Solar (Uttam Energy): UTL Solar manufactures solar inverters, PCUs, and online UPS systems targeted at Indian residential and small commercial customers. It is a direct comparable in product category (solar inverters/UPS-solar hybrids) and customer base, though UTL has wider distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@Energy24by7
• Facebookfacebook.com/Energy24by7
• Instagraminstagram.com/energy24by7
• LinkedInlinkedin.com/company/nyquest-innovation-labs

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NyQuest Innovation Labs