Indian startup Solavio Labs raises Canadian fund

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Indian startup Solavio Labs, a developer of modular, autonomous bots to clean solar panels, has announced the completion of INR 40.6 lakh funding by a Canada-based innovation fund. The fresh round of investment takes the startup’s total funds raised to INR 2 crore. It also marks Solavio Labs as the only Indian startup in the cleantech space to receive support from three government bodies—India, Dubai and Canada—in the last one year.

Coinciding with the investment, Solavio Labs also announced its expansion into the Middle East and North American Market. And, to support the growing global demand for PV technology, it intends to scale its manufacturing base in India with the production of 12,000 units by the end of the FY 2021-22.

Suraj Mohan, co-founder, Solavio Labs, said their company had witnessed a phenomenal growth of 125 times in the last year with orders secured from leading developers in India and Dubai. “The recent funding by Canadian province New Brunswick via New Brunswick Innovation Fund is encouraging and we intend to expand our manufacturing facilities in the country to meet the global demand,” he stated, adding PV technology has been the core of Solavio’s accelerated growth.

Started by two engineers, Coimbatore-based Solavio Labs develops artificial intelligence-based solutions to enable autonomous solar panel cleaning. Its system is purportedly compatible with most structures, mounting areas, and climate conditions, and almost 30% lighter than most bots in the market. 

The company recently entered into a long-term Memorandum of Understanding (MoU) with the Dubai Electricity and Water Authority (DEWA). As part of this MoU, it successfully commissioned its first set of autonomous solar panel cleaning bots to pilot at the 1.8MW solar PV carport located within the DEWA head office campus. Solavio Labs has also bagged orders for 100 MW of solar plants globally.

 

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