Debt financing
Solar plant maintenance firm Aegeus Tech raises funding from Caspian Debt
Startup Story Aegeus Technologies
Bengaluru-based Aegeus Technologies , an innovative provider of IoT-driven green robotics solutions, has raised venture debt from Caspian Debt. The new funds will be utilized to bolster the company’s working capital and support its expansion initiatives. The transaction was facilitated by Innoxpark Ventures.Aegeus Technologies , founded in 2017 by Suraj Vernekar and Nishith Shah, leverages robotics, artificial intelligence (AI), and machine learning (ML) to revolutionize the operation and maintenance (O&M) of solar plants in India. The company’s flagship product, the Intelligent Waterless Solar Panel Cleaning Robots, is currently deployed across more than 8GW of solar plants in India.
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