Aegeus Technologies, an IoT-driven Green Robotics Solution provider, raised an undisclosed amount from Caspian Debt and will be utilizing the funds for working capital. The company is harnessing robotics, AI, and 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 8 GW plants across India. It has raised venture debt for its working capital and expansion requirements. 

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 the 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 the leading companies with reputed clients and is poised to scale.

As per the statement of the company, “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 investment and efficiency in solar panel cleaning and predictive monitoring of the health of modules for both utility-scale and rooftop solar panel cleaning, along with vegetation management.” 

For more information: www.aegeustechnologies.com