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IIT Madras-Incubated Deep-Tech Startup Solinas Integrity Raises $5.5 Million in Series A1 Funding

Solinas Integrity, an IIT Madras-incubated climate deep-tech and robotics company, has secured $5.5 million in its Series A1 funding round. The investment will be deployed to accelerate the company’s expansion across Indian municipal corporations and broaden its global footprint.

What Happened

The Series A1 investment round was led by Hero Enterprise Partner Ventures and co-led by Mela Ventures, with participation from the Luthra Group. Existing investor SBI Ventures doubled down on its investment through the SVL-SME Fund, alongside continued backing from Rainmatter and 8X Ventures Fund I. Kumbhat Advisors, headed by Akash Sethia, served as the exclusive financial advisor for the transaction.

This funding follows the company’s previous Series A round in May 2024, which was led by SBI Ventures via the SVL-SME Fund (Neev II).

Key Highlights

  • Capital Raised: $5.5 million in a Series A1 round.
  • Key Investors: Hero Enterprise Partner Ventures (Lead), Mela Ventures (Co-lead), Luthra Group, SBI Ventures (SVL-SME Fund), Rainmatter, and 8X Ventures Fund I.
  • Leadership: Founded by Divanshu Kumar (Co-Founder and CEO) and Moinak Banerjee.
  • Core Technology: Artificial intelligence and robotics platforms designed to inspect, clean, and digitize underground water and wastewater pipelines.
  • Operational Goals: Addressing water leakage, contamination, and working toward eliminating manual scavenging.
  • Expansion Strategy: Entering new Indian states and municipal corporations, penetrating international markets in the Middle East and Southeast Asia, and diversifying into Oil and Gas as well as Defence sectors.
  • Financial Target: Aiming to achieve ₹100 crore in revenue by Financial Year 2028.

Why This Matters

Urban water infrastructure management in India has historically depended on manual, hazardous, and expensive methods that offer limited visibility into subsurface networks. Solinas Integrity develops vertically integrated robotic systems to map, inspect, and clean underground pipeline networks.

Sunil Kant Munjal, Chairman of Hero Enterprise, noted that the startup’s solutions directly tackle worker safety, water security, and long-term urban resilience. Krishnakumar Natarajan, Managing Partner at Mela Ventures, highlighted that the robotics platform replaces hazardous manual tasks by diagnosing pipeline issues and delivering end-to-end digitisation solutions.

What to Watch Next

Solinas Integrity plans to deploy its newly acquired capital to expand deployments with municipal bodies across India while initiating operations in the Middle East and Southeast Asia. According to Co-Founder and CEO Divanshu Kumar, the company also intends to broaden its pipeline inspection and maintenance solutions into the Oil and Gas and Defence sectors as it targets ₹100 crore in revenue by FY2028.

Frequently Asked Questions

What does Solinas Integrity do?

Solinas Integrity builds robotics and artificial intelligence systems engineered to inspect, clean, and digitize underground water and wastewater infrastructure, aiming to reduce water loss, prevent contamination, and eliminate manual scavenging.

Who led the latest funding round in Solinas Integrity?

The $5.5 million Series A1 round was led by Hero Enterprise Partner Ventures and co-led by Mela Ventures, alongside other institutional participants.

Where does Solinas Integrity plan to expand?

The company plans to expand domestically into new states and municipal corporations, enter global markets in Southeast Asia and the Middle East, and branch into the Defence and Oil and Gas sectors.

Source: Based on reporting from The Hindu.

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