3 weeks ago

Solinas Integrity raises $5.5 million Series A from Hero Enterprise

Solinas Integrity raises $5.5 million Series A from Hero Enterprise
Solinas Integrity raises $5.5 million Series A funding from Hero Enterprise Partner Ventures, Mela Ventures · thehindubusinessline.com

Solinas Integrity is a company that makes robots which help check and clean the pipes that carry water underground.

The robots also make digital maps of these pipes so people can see what is happening below the streets.

This is important because broken or dirty pipes can waste water.

The company started at a famous university in India called IIT Madras.

Recently, the company got a big pile of money, $5.5 million, from investors to help it grow.

The main investor was Hero Enterprise Partner Ventures, and other investors joined in too.

The money will be used to expand to new cities in India and other countries.

The company also wants to work on checking oil and gas pipes and defence equipment.

It hopes to earn 100 crore rupees, which is a lot of money, by the year 2028.

This work helps keep water clean and safe for everyone.

Key facts

Funding amount
$5.5 million
Round
Series A
Lead investor
Hero Enterprise Partner Ventures
Co-lead investor
Mela Ventures
Other investors
Luthra Group, SBI Ventures, Rainmatter, 8X Ventures Fund I
Current deployment
35 cities across 15 states in India
Revenue target
₹100 crore by FY28
Previous Series A
Led by SBI Ventures through the SVL-SME Fund (Neev II) in May 2024

Quotes

Divanshu Kumar

Co‑Founder and CEO of Solinas Integrity

“"From here, we are also planning to extend into adjacent sectors like Oil & Gas and defence," said Divanshu Kumar, Co-Founder and CEO of Solinas Integrity.”
thehindubusinessline.com

Sources

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