Aegeus Technologies raises funds from Caspian Debt

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Aegeus Technologies, which designs and develops IoT-driven robotic solutions for solar panel cleaning, has raised an undisclosed amount from Caspian Debt. The company stated it will use the venture debt for its working capital and expansion requirements.

Aegeus Technologies harnesses robotics, artificial intelligence and machine learning to automate the operation and maintenance of solar plants. Its waterless solar panel cleaning robots are installed in more than 8 GW of PV plants across India.

“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,” stated the company.

Aegeus Technologies was founded in 2017 by Suraj Vernekar and Nishith Shah.

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