Solar Energy-focused deep tech startup Renkube has secured ₹24 million (~$300,000) in a seed round led by CIIE.CO, a startup incubator established by IIM Ahmedabad.
JITO Angel Network and K4 Forum Mumbai Network participated in this round. Halliburton Labs, a wholly owned subsidiary of American hydraulic fracturing operations company Halliburton, also took part in the funding round via Renkube’s selection to its clean energy accelerator.
CIIE.CO has conceptualized and hosted India’s first accelerator and created the only cleantech-focused fund. CIIE accelerated over 1,000 startups and has funded over 300 startups.
Renkube claims to be the world’s first company to offer a motion-free tracking solution embedded in the glass design for solar panels.Large solar farms today have mechanical trackers as an option to increase energy yield, which results in 15% more capital…
Solar Energy-Focused Tech Startup Renkube Raises ₹24 Million in Seed Round
