About Solavio labs
Solavio labs is an Energy & Utilities company based in Coimbatore (India) founded in 2018. Manufacturer of solar cleaning bots. Solavio labs has raised $265.33 thousand across 4 funding rounds from investors including Techstars, Energia Ventures and New Brunswick Innovation Foundation. Solavio labs was last valued at $1.34 million in January 2020. Its Indian entity Solavio Labs Private Limited reported revenue of ₹2.21 Cr. Solavio labs offers products and services including Autonomous Solar Cleaning Bot and Modular Solar Cleaning System. Its focus areas include Energy Tech, Renewable Energy Tech, Solar Energy and Cleaning. Its competitors include Skilancer Solar, Aegeus Technologies and Infiction Labs; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Coimbatore, India
- Stage Minicorn
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website solavio.com
- Social LinkedIn Facebook YouTube
- Legal Name Solavio Labs Private Limited
- Date of Incorporation 10 May, 2016
- Jurisdiction Coimbatore, Tamil Nadu, India
- Annual Revenue₹2.21 Cr
FY 2023 · +33% YoY
- EBITDA₹4.4 Lakh
FY 2023 · 2% margin
- Total Equity Funding$265.33K (USD)
in 4 rounds
- Latest Funding Round$20K (USD), Seed
Jun 2023
- InvestorsTechstars
& 6 more
Associated legal entities of Solavio labs
Solavio labs operates through Solavio Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Solavio Labs Private Limited CIN U40106TZ2016PTC040231 | Active | 10 May 2016 | Coimbatore, Tamil Nadu | ₹2.2 Cr | 3 | View details |
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.
Bot cleans solar panels autonomously to prevent efficiency losses from dust.
System adapts to various structures for effective panel cleaning.
Apps and channels of Solavio labs
its YouTube channel Support Solavio has 67 subscribers and 7 videos.
Videos from Solavio labs
The most watched videos on Solavio labs's YouTube channel, Support Solavio (67 subscribers). Click a video to play it here.
More on Support Solavio.
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 $265,330
- Total Rounds 4
- Last Round Seed — $20,000
- First Round $30,301
(Apr 2018)
- Investors Count 7
All 4 funding rounds of Solavio labs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2023 | $20,000 | Seed | – | Techstars | – |
| Feb 2021 | $55,823 | Seed | – | Energia Ventures, New Brunswick Innovation Foundation | – |
| Jan 2020 | $159,206 | Angel Round | $1.34M | Monika Divyangkumar Dave | – |
| Apr 2018 | $30,301 | Seed | $87,838 | Rajat Uma Surey |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2020 | $1.34M | •••••••• |
Last known valuation $1.34M (Jan 2020). 7 investors in total: 4 institutional and 3 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
Acceleration is provided to energy, clean tech, and cybersecurity startups. | energiaventures.com | Fredericton, Canada | ||
Seed-stage startups are funded by sector-agnostic VC investments. | nbif.ca | Fredericton, Canada | ||
| instilltechnologies.tcc.mode | ||||
MD Monika Divyangkumar Dave | unknown_57218339db324eb08 | |||
RU Rajat Uma Surey | unknown_8bdb58e38a66483d8 | |||
AR Anand Raheja | unknown_972018e141ba4bfc8 |
Investor details for Solavio labs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Solavio Labs Private Limited (Solavio labs)
Solavio Labs Private Limited is the primary company behind Solavio labs. The board of Solavio Labs Private Limited currently have 3 directors; the longest-serving is Monika Divyang Kumar Dave, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Monika Divyang Kumar Dave DIN 08743310 | Director | 31 Dec 2020 | 5 yrs 9 mo | Solavio Labs Private Limited |
| Goel Prashant DIN 06961995 | Director | 31 Dec 2020 | 5 yrs 9 mo | Solavio Labs Private Limited |
| Suraj Mohan DIN 07593054 | Director | 31 Dec 2020 | 5 yrs 9 mo | Solavio Labs Private Limited |
Financials of Solavio labs
Figures of Solavio Labs Private Limited, the primary company behind Solavio labs, for FY 2023. Revenue was ₹2.21 Cr (+33% year on year). EBITDA was ₹4.4 Lakh (2% margin). Revenue has grown at a compounded annual rate of +133% over three years.
- ₹2.21 CrRevenue · FY 2023 · +33% YoY
- ₹4.4 LakhEBITDA · 2% margin
- ₹6.8 LakhPaid-up capital
- +133%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Solavio Labs Private Limited are on its company page.
Detailed financial statements for Solavio labs
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Solavio labs
4 dated milestones of Solavio labs across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Solavio labs is founded.
- Funding First funding round of $30K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $20K.
Competitors of Solavio labs
Solavio labs has 3 listed competitors in our database, 3 of them funded. They include Skilancer Solar, Aegeus Technologies and Infiction Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| skilancersolar.com | 2017 | Faridabad, India | $1.59M | 35 | Indigenous robotics and automation for solar power plants are provided. | |
| aegeustechnologies.com | 2017 | Bengaluru, India | $945,477 | 47 | Provider of AI and cloud-based solar cleaning robots | |
| infictionlabs.com | 2014 | Bengaluru, India | $68,739 | Solar power plants are cleaned and maintained by autonomous robots. |
Detailed competitors of Solavio labs
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Related news about Solavio Labs
Complete news archive for Solavio labs
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Frequently Asked Questions about Solavio labs
Solavio labs was founded in 2018.
Solavio labs is headquartered in Coimbatore, India. It is registered at Coimbatore, Tamil Nadu, India.
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 Seed of $30.3K, raised on Apr 2018.
The primary company behind Solavio labs, Solavio Labs Private Limited, reported revenue of ₹2.21 Cr for FY 2023, up 33% year on year.
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.
Solavio labs's top competitors include Aegeus Technologies, Skilancer Solar and Infiction Labs.
Solavio labs offers Autonomous Solar Cleaning Bot and Modular Solar Cleaning System.
Solavio labs has 7 investors. Key investors include Techstars, Energia Ventures, New Brunswick Innovation Foundation, Monika Divyangkumar Dave, and Instill Technologies.
The valuation of Solavio labs is $1.34M as of Jan 2020.
Solavio labs operates through Solavio Labs Private Limited.
The legal entities of Solavio labs currently have 3 directors, including Monika Divyang Kumar Dave, Goel Prashant, Suraj Mohan.