Aegeus Technologies raises undisclosed amount from Caspian Debt
Aegeus Technologies, a IoT
driven Green Robotics Solution provider raises undisclosed amount from Caspian
Debt, will be utilising the funds for working capital.
Aegeus Technologies, is harnessing robotics, AI & ML to
revolutionize the O&M of solar plants. Its flagship product is the
Intelligent Waterless Solar Panel Cleaning Robots which are installed in more
than 8GW plants across India. Aegeus Technologies has raised venture
debt for its working capital and expansion requirements.
“The face of the solar
sector in India is evolving dramatically with technology transforming its every
facet. Waterless technology will save a lot of water and manual effort.
It thus will bring enhanced return on investments and efficiency in solar panel
cleaning and predictive monitoring of health of modules for both utility scale
and rooftop solar panel cleaning along with vegetation management."
Founded
in 2017 by Suraj Vernekar and Nishith Shah, Aegeus Technologies has
a focus on AI and IoT enabled robotics for automating the O&M of solar
plants.
The transaction was introduced by firm, Innoxpark Ventures Pvt
Ltd, founded by Jyoti Prakash.
The Solar PV market is at the point of inflection and Aegeus
Technologies is one of leading companies with reputed clients and is poised to
scale.
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