Aegeus Technologies, an IoT driven green robotics solution provider has raised undisclosed amount from Caspian Debt.

The solution provider has raised venture debt for its working capital and expansion requirements.  The transaction was introduced by firm, Innoxpark Ventures Pvt Ltd, founded by Jyoti Prakash.

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.

"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." said Suraj Vernekar and Nishith Shah.