About Solavio labs
Solavio labs is a company based in Coimbatore (India) founded in 2018.. Solavio labs has raised $265.33 thousand across 4 funding rounds from investors including Techstars, Energia Ventures and New Brunswick Innovation Foundation. Solavio labs offers products and services including Autonomous Solar Cleaning Bot and Modular Solar Cleaning System. Solavio labs operates in a competitive market with competitors including Ecoppia, Sunpure, Skilancer Solar, Aegeus Technologies and Airtouch, among others.
- Headquarter Coimbatore, India
- Stage Minicorn
-
Sectors
Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Solavio Labs Private Limited
- Date of Incorporation 10 May, 2016
- Jurisdiction Coimbatore, Tamil Nadu, India
-
Annual Revenue
$23.87 K (USD)0as on Mar 31, 2020
-
Net Profit
$-28.18 K (USD)-1450.79as on Mar 31, 2020
-
EBITDA
$-28.37 K (USD)-1461.21as on Mar 31, 2020
-
Total Equity Funding
$265.33 K (USD)
in 4 rounds
-
Latest Funding Round
$20 K (USD), Seed
Jun 01, 2023
-
Investors
Techstars
& 6 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Solavio labs
Solavio labs offers a comprehensive portfolio of products and services, including Autonomous Solar Cleaning Bot and Modular Solar Cleaning System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Bot cleans solar panels autonomously to prevent efficiency losses from dust.
System adapts to various structures for effective panel cleaning.
Funding Insights of Solavio labs
Solavio labs has successfully raised a total of $265.33K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $20 thousand completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $20,000
-
First Round
First Round
(12 Apr 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Seed - Solavio labs | Valuation | Techstars |
|
| Feb, 2021 | Amount | Seed - Solavio labs | Valuation | Energia Ventures , New Brunswick Innovation Foundation |
|
| Jan, 2020 | Amount | Angel Round - Solavio labs | Valuation | Monika Divyangkumar Dave |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Solavio labs
Solavio labs has secured backing from 7 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Techstars, Energia Ventures and New Brunswick Innovation Foundation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Startups are accelerated globally without sector restrictions through structured programs.
|
Founded Year | Domain | Location | |
|
Acceleration is provided to energy, clean tech, and cybersecurity startups.
|
Founded Year | Domain | Location | |
|
Seed-stage startups are funded by sector-agnostic VC investments.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Solavio labs
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Solavio labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Solavio Labs Comparisons
Competitors of Solavio labs
Solavio labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ecoppia, Sunpure, Skilancer Solar, Aegeus Technologies and Airtouch, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-powered robots for water-free solar panel cleaning are provided.
|
|
| domain | founded_year | HQ Location |
Provider of AI-based photovoltaic intelligent cleaning robots
|
|
| domain | founded_year | HQ Location |
Indigenous robotics and automation for solar power plants are provided.
|
|
| domain | founded_year | HQ Location |
Provider of AI and cloud-based solar cleaning robots
|
|
| domain | founded_year | HQ Location |
Autonomous robotic solutions for waterless solar panel cleaning are offered.
|
|
| domain | founded_year | HQ Location |
Autonomous solutions for solar panel cleaning and inspection are developed.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Solavio Labs
Frequently Asked Questions about Solavio labs
When was Solavio labs founded?
Solavio labs was founded in 2018.
Where is Solavio labs located?
Solavio labs is headquartered in Coimbatore, India. It is registered at Coimbatore, Tamil Nadu, India.
Is Solavio labs a funded company?
Solavio labs is a funded company, having raised a total of $265.33K across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $159.21K, raised on Apr 12, 2018.
What is the annual revenue of Solavio labs?
Annual revenue of Solavio labs is $23.87K as on Mar 31, 2020.
What does Solavio labs do?
Solavio Labs was founded in 2018 in Coimbatore, India, and operates within the solar technology sector. Autonomous modular solar cleaning bots are developed and manufactured by the company to address cleaning needs on tilted or mounting structures across multiple environments. Operations focus on engineering solutions for solar panel maintenance, with production centered in India to support regional and global installations.
Who are the top competitors of Solavio labs?
Solavio labs's top competitors include Aegeus Technologies, Ecoppia and Skilancer Solar.
What products or services does Solavio labs offer?
Solavio labs offers Autonomous Solar Cleaning Bot and Modular Solar Cleaning System.
Who are Solavio labs's investors?
Solavio labs has 7 investors. Key investors include Techstars, Energia Ventures, New Brunswick Innovation Foundation, Monika Divyangkumar Dave, and Instill Technologies.
What is Solavio labs's valuation?
The valuation of Solavio labs is $1.34M as of Jan 2020.