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Solinas Bags Funding To Provide Water Conservation, Sanitation Solutions
Inc42
·
1y ago
Medial
Solinas Integrity, a climate tech startup, has recently secured an undisclosed amount of funding from SBICAP Ventures' Neev Fund II and Zerodha's Rainmatter Capital. The company, founded in 2018, provides robotics and artificial intelligence solutions for detecting water leakages and eliminating manual scavenging in the water pipeline and sanitation industry. The funding will be utilized to enhance water pipeline and sanitation infrastructure, contributing to climate change adaptation and sustainability efforts.
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Related News
Climatetech startup Solinas secures investment from Neev Fund
VCCircle
·
1y ago
Medial
Chennai-based climatetech startup Solinas Integrity has secured funding from Neev Fund, a climate and sustainability-focused fund managed by SBICAP Ventures. The amount raised was not disclosed, but the funding round included investment from Rainmatter Capital. Solinas develops robotic and AI solutions for the water and sanitation industry, focusing on detecting defects and leakages in pipelines, assessing conditions, and mechanized cleaning of manholes and septic tanks. The startup previously raised $550,000 in a seed funding round and aims to pave the way for sustainable water and sanitation infrastructure with the new investment.
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Karnataka to use tech solutions to address water & sanitation
Economic Times
·
9m ago
Medial
The Karnataka government is organizing the 'Karnataka Rural Water and Sanitation Sustainability Summit' to find innovative solutions for water and sanitation issues in rural areas. The event invites startups to present their ideas and offers a minimum funding of Rs 25 lakhs to the winners. Startups will also have the chance to pilot their projects with the government and receive support in terms of capital. The summit aims to address problems such as water scarcity, contamination, inadequate waste management, and insufficient infrastructure for menstrual waste disposal.
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Fluid Analytics Bags Funding
Inc42
·
1y ago
Medial
Cleantech startup Fluid Analytics has raised $1.6 million in its ongoing pre-Series A funding round led by Pravega Ventures. The startup uses data analytics and AI to solve urban water pollution issues and effectively monitor water and wastewater infrastructure in cities. The funding will be used to expand deployment of its solutions, with a specific focus on North America. Fluid Analytics has already worked with utility companies in the US, monitoring wastewater spills, enabling treatment and reuse of water, and tracking water-borne diseases. This funding comes at a time when Indian cleantech startup funding has declined.
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Can This Chennai Startup Finally End Manual Scavenging In India?
Inc42
·
11m ago
Medial
Solinas Intelligences, a startup co-founded by Moinak Banerjee, Divanshu Kumar, and Bhavesh Narayani, has developed India's first robot for septic tank and manhole cleaning. The startup also offers a pipeline inspection crawler and has three patented technologies: Endobot for sewer and water management, HomoSEP for septic tanks and manholes, and Swasth AI. Solinas works with various government departments and serves private sector companies like Suez, Veolia, Volvo, Hyundai, and Mahindra.
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Florintree-backed Satin Creditcare raising $40 mn from offshore investor
VCCircle
·
1y ago
Medial
Indian microfinance lender Satin Creditcare is raising $40 million in funding from a global development bank to expand its lending portfolio in sectors such as water sanitation, induction cookers, and solar panels. The capital infusion will help the company grow its operations and support its mission of financial inclusion in underserved areas.
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Hindustan Zinc Signs MoU With Raj Govt for Crocodile
OutlookIndia
·
2m ago
Medial
Hindustan Zinc has signed a Memorandum of Understanding (MoU) with Rajasthan's forest department to invest Rs 5 crore in the Crocodile Conservation Reserve at Baghdara Nature Park, Udaipur. The project aims to enhance the natural habitat for crocodiles, implement water conservation measures, and boost visitor infrastructure for sustainable eco-tourism. Key initiatives include habitat restoration, construction of pathways and visitor facilities, and environmental education, benefiting both conservation efforts and the local economy.
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SanchiConnect announces preseed accelerator program “Ecosphere” for Startups Working in ClimateTech Domain
Startup News FYI
·
1y ago
Medial
SanchiConnect has announced the launch of its second PreSeed Accelerator program called "Ecosphere" for startups focused on Climate Tech and Sustainability. The program will provide funding ranging from INR 80 lakhs to INR 1.2 crore for selected startups. The application process is open until October 8, 2023. Ecosphere aims to support startups working on various sectors within Climate Tech, such as energy, water conservation, waste management, and more. The initiative also offers mentorship, market access, and visibility opportunities. Notable institutional investors associated with Ecosphere include Thinkuvate, Transition Venture Fund, Indian Angels Network, and Climate9ers.
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Water management startup DigitalPaani secures $1.2 million in funding from Elemental Excelerator, others
Economic Times
·
1y ago
Medial
Water management startup, DigitalPaani, has successfully raised $1.2 million in funding from Elemental Excelerator and other investors. The funding will be utilized to develop and expand DigitalPaani's solutions for managing water resources through the use of technology. The startup aims to tackle the global water crisis by providing innovative and sustainable solutions for water management.
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Municipal corporations need to impose adequate user charges to provide better facilities: RBI report
Livemint
·
8m ago
Medial
According to a report by the Reserve Bank of India (RBI), municipal corporations in India should impose appropriate user charges for essential services like water supply and sanitation. This would help boost non-tax revenues, improve the financial health of the corporations, and provide better public services. The report suggests that user charges, along with transparent governance practices, can contribute to enhancing the overall revenue generation of municipal corporations. The report also recommends leveraging technology, such as GIS mapping and digital payment systems, to improve property tax collections.
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MBA dropout disrupts car wash market with 100% waterless solution
Internet
·
1y ago
Medial
Nitin Sharma, a Pune-based MBA dropout, developed an organic waterless car cleaner during the acute water crisis in India in 2016. He transformed his family car wash business into a waterless innovation, saving 12 lakh litres daily. Despite challenges, GoWaterless expanded to 200 franchises in 22 states, partnering with Indian Oil Corporation. Nitin's vision now aims for global water conservation.
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