IITM-incubated deeptech startup Solinas Integrity raises $5.5M
Founded by Divanshu Kumar and Moinak Banerjee, Chennai-based Solinas builds robotics and AI systems that inspect, clean, and digitise underground water and wastewater infrastructure, solving problems of water leakages, contamination, and manual scavenging.
Climate deeptech and robotics startup Solinas Integrity, incubated at IIT Madras, has secured $5.5 million in Series A1 funding. The round was led by Hero Enterprise Partner Ventures and Mela Ventures, with participation from Luthra Group, SBI Ventures, Rainmatter, and 8X Ventures Fund I. This follows Solinas's previous Series A funding from SBI Ventures in May 2024.
Founded by Divanshu Kumar and Moinak Banerjee, Solinas develops robotics and AI systems to inspect, clean, and digitize underground water and wastewater infrastructure, tackling water leakage, contamination, and manual scavenging issues. The funds will be used to scale operations, expand in existing markets, enter new states and municipal corporations, and build a presence in the Middle East and Southeast Asia.
Solinas aims for Rs 100 crore in revenue by FY28, driven by growth in water and sanitation services and industrial asset management. Kumar, Co-Founder and CEO of Solinas Integrity, stated that they now have a strong team and supportive investors to build India's largest tech company in underground asset management. The company plans to expand into adjacent sectors such as oil & gas and defence, focusing on critical unseen infrastructure. Kumbhat Advisors acted as the financial advisor for the transaction.
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