Deeptech analytics startup iRasus has raised an undisclosed amount in a seed funding round led by Digital Futurists Angel Networks (DFAN), Elina Investments, Bhuvan Gupta, Amit Khetan and other investors.
The startup intends to use the raised capital to expand its market reach and enhance battery analytics and visualisation platform.
Founded by BITS Pilani alumni Arjun Sinha Roy and Anirudh Ramesh, iRasus is building a platform to enable companies to organise and analyse battery data.
The startup said its digital infrastructure platform integrates and uses battery data to build applications for superior battery management.
It has created an API-driven middleware platform that connects batteries to the cloud for data visualisation, analytics, third-party development, and integration.
“We are firm believers of the ability of technology to usher in transformation. This is more so in times like today when technology has the potential to solve various problems on a scale – especially those around climate change and sustainability. We do this through software that helps in the end-to-end management of battery systems and, therefore, offers seamless operations for the EV sector,” said Arjun Sinha Roy and Anirudh Ramesh.
“DFAN has been supporting innovative startups across domains. We believe that India’s $100 billion revolution in the EV and Clean Mobility sector will be driven by a robust platform play, supported by new data standards in battery management and interoperability in standard command centre systems for electric vehicles,” said Ganesh Viswanathan, Director of Digital Futurists Angel Networks (DFAN).
“It is our view that iRasus Technology has the right solution, through its battery intelligence and analytics platform, as the Indian market scales up its adoption of electric mobility,” added Viswanathan.
iRasus offers its SaaS tool to EV OEMs, battery pack manufacturers, fleet operators, telecom tower operators, charging infrastructure companies, battery swapping networks, and other stationary battery systems.
Source @Indianstartupnews
