Solinas Integrity raised the undisclosed amount of funding from SBICAP Ventures’ Neev Fund II and Zerodha’s Rainmatter Capital
Founded in 2018, Solinas offers robotics and artificial intelligence solutions to the water pipeline and sanitation industry to detect water leakages and eliminate manual scavenging
The climate tech startup will use the funds to strengthen the water pipeline and sanitation infrastructure to drive climate change adaptation and sustainability
Climate tech startup Solinas Integrity has raised an undisclosed amount of funding from Neev Fund II, a fund managed by the State Bank of India’s private equity arm SBICAP Ventures.
The funding round also saw participation from fintech unicorn Zerodha’s Rainmatter Capital.
Founded by Divanshu Kumar and Moinak Banerjee in 2018, Solinas offers robotics and artificial intelligence solutions to the water pipeline and sanitation industry.
The startup provides solutions to detect defects and leakages in water and sewer pipelines and eliminate manual scavenging through mechanised cleaning of manholes and septic tanks.
In a statement, the Tamil Nadu-based startup said it will use the funds to strengthen the water pipeline and sanitation infrastructure to drive climate change adaptation and sustainability.
Commenting on the fundraise, founders Kumar and Banerjee said in the statement, “This partnership promises to serve as a dynamic catalyst, advancing our mission to eliminate manual scavenging, reduce water losses and improve their quality and access.”
Solinas currently offers three products:
- EndoBot – A robot crawler for water and pipeline inspection
- HomoSep – A robot designed for manhole and septic tank cleaning
- Swasth AI – An AI-based cloud dashboard to process data collected by EndoBot
The startup counts Tiruchirappalli City Municipal Corporation, Public Health Engineering Department of Haryana, Asian Paints, and Tata Motors among its clients.
The funding comes at a time when the climate tech space is seeing a lot of interest from investors. In February this year, Varaha raised $8.7 Mn (INR 72.1 Cr) in a Series A funding round led by RTP Global.
Meanwhile, the Small Industries Development Bank of India (SIDBI) recently bagged $24.5 Mn for its maiden climate tech fund.
As per Inc42 data until November 2023, homegrown climate tech startups had raised $4 Bn since 2014.
Notably, the climate tech landscape is also witnessing experimentation in new sub-sectors, including green hydrogen, circular economy involving recycling, sustainable aviation fuel, low-carbon cement, and water conservation, among others.
