Robotic solar panel cleaning startup Aegeus Technologies raises capital from Caspian Debt

Robotic solar panel cleaning startup Aegeus Technologies has raised an undisclosed amount of venture debt from Caspian Debt.

The Bengaluru-based startup plans to use the raised capital to support its working capital needs and to further its expansion initiatives.

What does Aegeus Technologies do?

Aegeus Technologies, founded in 2017 by Suraj Vernekar and Nishith Shah, designs and develops IoT-driven robotic solutions aimed at the operation and maintenance (O&M) of solar plants.

The startup has developed Intelligent Waterless Solar Panel Cleaning Robots, which are currently deployed across more than 8GW of solar plants in India.

These robots use robotics, artificial intelligence (AI), and machine learning (ML) to improve the efficiency of solar panel cleaning and provide predictive monitoring of solar module health.

Offerings

The company’s flagship product, the Intelligent Waterless Solar Panel Cleaning Robots, cleans solar panels without using water, thus saving a significant amount of water. They also reduce the need for manual labour. 

Additionally, the robots provide predictive monitoring of the health of solar modules, which enhances return on investments and efficiency in both utility-scale and rooftop solar panel cleaning. The technology also assists with vegetation management around solar installations.

The funding transaction was facilitated by Innoxpark Ventures Pvt Ltd, a firm founded by Jyoti Prakash.