Participated · Series A · Aug 2026

Founded by Divanshu Kumar and Moinak Banerjee and incubated at IIT Madras, Solinas Integrity develops robotics and AI systems to inspect, clean and digitise underground water and wastewater infrastructure. The Chennai-based startup supplies robotic inspection and cleaning technologies alongside AI-powered asset management software for water and sanitation networks. It aims to expand geographically across additional Indian states and municipal corporations and to establish an international presence in the Middle East and Southeast Asia. The company plans to broaden into adjacent high-stakes sectors such as oil & gas and defence while expanding its industrial solutions portfolio. Solinas is accelerating development of next-generation robotics and strengthening its software platforms to support growth, and is targeting Rs 100 crore in revenue by FY28.

Led · Series B · Dec 2025

Founded in 2014, Smart Joules offers a suite of products that combine performance-based energy efficiency contracts (JoulePays), cooling-as-a-service (JouleCool) and an AI-driven building management platform (DeJoule). The company follows an efficiency-first model, funding retrofits itself and getting paid from the verified savings it delivers to customers. Its solutions target commercial and industrial facilities such as manufacturing plants, large buildings and district cooling projects across India. To date, Smart Joules claims to have conserved 32.1 crore kWh of electricity, cut 2.4 lakh tonnes of CO₂ emissions and saved clients Rs 266 crore in energy costs. The firm plans to expand its footprint across additional facilities while bolstering its technology, data systems and on-ground execution teams. Looking ahead, Smart Joules is aiming to help customers avoid a cumulative 29 million tonnes of carbon emissions by 2030. The business has attracted both equity and debt capital to finance these growth initiatives.