Solavio Labs, EndGame11 raise funding
Solavio Labs, a clean-technology startup focused on the solar panel cleaning industry, has raised funding from Canadian province New Brunswick, it said on Friday.
Coimbatore-based Solavio Labs has raised Rs 40.6 lakh from the province, taking the total capital it has raised to Rs 2 crore (around $275,774).
Through this latest fundraise, the company will expand to the West Asian and North American markets, as well as scale its manufacturing capabilities in India through the production of 12,000 units by the end of the next financial year.
Solavio Labs, operated by Solavio Labs Pvt Ltd, was set up by Suraj Mohan and Prashant Goel. The company says it is developing artificial intelligence-based solutions to enable autonomous solar panel cleaning.
EndGame11, a fantasy gaming platform, has raised an undisclosed amount from startup growth platform OneH Innovations, it said on Friday.
OneH Innovations’ executives include Pawas Jain, a serial entrepreneur and founder of The Brand Cocktail (TBC) Consulting. The startup growth platform says it helps early-stage companies achieve marketing objectives and other growth aspects such as technology and outreach.
EndGame11, set up by Pankaj Tungaria and Prem Jangir, says it primarily targets Tier-III and Tier-IV locations and maintains a presence on mobile and desktop platforms.
It will use the capital raised to target over one million users in the upcoming cricket season, as well as partner with influencers to achieve this goal. In a statement, Jangir said the company is also looking to raise pre-Series A funding by June this year.