[Funding alert] Cleantech startup Skilancer Solar raises undisclosed fund from Venture Catalysts

[Funding alert] Cleantech startup Skilancer Solar raises undisclosed fund from Venture Catalysts

Noida-based Skilancer Solar just recently raised a concealed quantity of financing from Venture Catalysts. The current round of fundraising follows a concealed quantity the business had actually raised in May 2019 from an angel financier and serial business owner Dhianu Das &#x 2019; s Venture Capital fund, Alfa Ventures.

Started in 2017 by IIT-Jodhpur alumni Neeraj Kumar, who has 3 years of work experience in the solar market, and Manish Kumar Das, an instrumentation engineer with 10 years of experience, Skilancer Solar specialises in supplying irreversible expert cleaning company (MCS) of photovoltaic panels of business parks and facilities.

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The start-up offers a self-governing robotic cleansing system which can cleaning up the photovoltaic panels daily with no manual intervention and without utilizing a single drop of water. Even more, the robotic is geared up with expert system (AI) to evaluate the weather, power generation, and work appropriately.

The financing will assist the business reach its recognized company targets as it plans to broaden its item services &#xA 0; to prospective consumers like solar plant owners, EPC (engineering procurement and building and construction) professionals, and solar O&M business.

Speaking on where the funds will be used, Manish Das, Co-founder of Skilancer Solar, &#xA 0; stated,

&#x 201C; This financial investment will permit Skilancer Solar to make upgrades to its style and innovation platform, geographical growth, group structure, and to establish an one-upmanship in the market. &#x 201D;

The solar cleantech sector in India is still at a nascent phase as compared to its western equivalents, Apoorv Ranjan Sharma, Founder – Venture Catalysts &#xA 0; stated, including that this financing will assist Skilancer Solar understand its aspiration of ending up being a prominent brand name and the go-to name in the cleantech sector through its innovation and innovation-based services.

Last month, Venture Catalysts launched its financing information and revealed that it has actually invested Rs 500 crore in Indian start-ups throughout 63 handle 2019.

( Edited by Suman Singh)

Also ReadVenture Catalysts invested Rs 500 crore throughout 63 handle 2019


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