Industrial Automation Magazine India

Aegeus Technologies raises undisclosed amount from Caspian Debt

Published on : Wednesday 05-06-2024

Aegeus Technologies, is harnessing robotics, AI & ML to revolutionise the O&M of solar plants.

June 03, 2024: Aegeus Technologies, an IoT driven Green Robotics Solution provider raises undisclosed amount from Caspian Debt, will be utilising the funds for working capital.

Aegeus Technologies, is harnessing robotics, AI & ML to revolutionise the O&M of solar plants. Its flagship product is the Intelligent Waterless Solar Panel Cleaning Robots which are installed in more than 8GW plants across India.

Aegeus Technologies has raised venture debt for its working capital and expansion requirements.

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

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