Peppermint Robotics bags Rs 100 Cr in pre-Series B funding round
The startup, which makes autonomous cleaning robots, is backed by pi Ventures and Crane Venture Partners.
Peppermint Robotics, an Austin-based company that manufactures autonomous cleaning robots, has secured Rs 100 crore ($10.5 million) in a pre-Series B funding round. The round was led by pi Ventures and Crane Venture Partners, with Asiana Fund also participating. The additional capital comes on the heels of Peppermint's rapid growth, with the company doubling its revenue last year and nearly sixfold between FY24 and FY26.
Peppermint, which has a presence in nine countries with the US being its largest market, launched in 2019 at the Society for Innovation and Entrepreneurship at IIT Bombay.
Peppermint's robots are used in a variety of commercial and industrial settings, including factories, hospitals, airports, malls, warehouses, hotels, and universities, to scrub floors and transport materials. The company's machines are designed to integrate into existing workflows rather than disrupt them. One notable deployment is at a global pharmaceutical company, where Peppermint's cleanroom robots have passed qualification testing in a highly regulated EU GMP Grade cleanroom.
The startup designs, develops, and assembles its robots in-house in Pune, running on proprietary Peppermint OS that employs computer vision and LiDAR for mapping, planning, and obstacle avoidance. Operators can monitor the robots in real-time via a cloud dashboard. For security-sensitive locations, Peppermint offers offline, stealth robots to meet stringent information security requirements.
Founder and CEO Runal Dahiwade emphasized that cleaning teams maintain hospitals, factories, and airports, and Peppermint's robots assist them by handling repetitive, physically demanding tasks like floor scrubbing and material transportation. The company's focus on heavy-duty robots designed to last multiple years and maintain customer relationships throughout the machine's lifecycle is evident in the new funding round, which will be used for next-generation robotics, expanding manufacturing capacity, and building an assembly line in North America.
Peppermint also plans to strengthen its business development in the US and Asia, grow its footprint in Europe, and hire senior leaders and engineers.
Investors, including pi Ventures, Crane Venture Partners, and Asiana Fund, are confident in Peppermint's potential, citing the company's clear ROI in demanding environments such as healthcare and hospitality.
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