IIT Madras incubated deep tech firm Solinas Integrity raises funds for expansion

Solinas Integrity, an IIT Madras incubated deep tech and robotics company, has secured $5.5 million in a Series A1 funding round to expand its operations. The round was led by Hero Enterprise Partner Ventures and co-led by Mela Ventures, with participation from the Luthra Group, SBI Ventures, Rainmatter, and 8X Ventures Fund I. The fresh capital will be used to scale aggressively, penetrate existing markets, expand into new states and municipal corporations across India, and build out an international footprint with a focus on the Middle East and Southeast Asia.

Solinas, founded by Divanshu Kumar and Moinak Banerjee, develops robotics and AI systems for inspecting, cleaning, and digitizing underground water and wastewater infrastructure, addressing issues such as water leakages, contamination, and manual scavenging. The company aims to achieve ₹100 crore in revenue by Financial Year 2028.

Sunil Kant Munjal, Chairman of Hero Enterprise, emphasized the company's role in enhancing water security, worker safety, and urban resilience. Krishnakumar Natarajan, Managing Partner of Mela Ventures, highlighted the innovative approach Solinas takes in addressing the challenges of maintaining India's water infrastructure.