March 7, 2021

startups: Industrial robotics startup Peppermint raises seed spherical funding from Enterprise Catalysts

NEW DELHI: IIT-Bombay incubated industrial robotics startup Peppermint has acquired an undisclosed quantity of fairness funding from Enterprise Catalysts, stated the startup in a press launch as we speak. Naveen Kshatriya, former head of Castrol Asia and ANZ additionally participated on this seed funding spherical.

Peppermint stated they are going to use the funding to scale up their manufacturing, strengthen their after-sales help infrastructure and enterprise into new markets.

The corporate was based by Runal Dahiwade, Nityanand Prabhutendolkar and Miraj C. Vora and launched in February this 12 months. The corporate designs industrial cleansing robots that are appropriate for public and industrial areas similar to airports, railways, factories, industries and resorts. It makes use of scrubbing, chemical compounds and ultraviolet C rays to kill germs.

Dahiwade, founder and CEO, Peppermint, stated, “We’re excited to strengthen our group and broaden to new territories as we scale manufacturing.”

Apoorv Ranjan Sharma, co-founder, Enterprise Catalysts, stated, “With the onset of COVID-19 pandemic, the necessity for tech-enabled cleansing and hygiene options at workplaces is now larger than ever. Robots and automatic machines can play a significant function throughout this disaster as they will reduce human intervention and allow social distancing. Peppermint is well-positioned to take the lead on this space with its state-of-the-art choices. We’re assured the startup will develop manifold within the coming 12 months, establishing its title within the industrial robotics area.”

Enterprise Catalysts is a startup incubator and accelerator platform. It invests $250 ok – $1.5 million in early stage startups. Peppermint Robots was incubated at SINE-IIT Bombay, Peppermint and has been the recipient of Nidhi Prayas grant from the Division of Science and Expertise, Authorities of India. The corporate is presently operational in Pune and Bengaluru.