Renu Robotics
Early Stage
Autonomous tractors and software platform for solar farm maintenance
Overview
Raised: $100,849
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,327
# of Investors
316
Momentum
Funded
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Year Founded
2018
Industry
Industrial Services
Tech Sector
Renu Robotics, with a valuation cap of $16.5 million, is raising funds on MicroVentures. It is a robotics company that aims to provide autonomous tractors and mowers for solar farm facilities. The autonomous tractor of Renu Robotics, RenuBot, is specifically designed for utility-scale solar farms with low weight, high mobility, and high storage capacity. Renu Robotics was founded by Tim Matus and Michael Eyman and has raised over $575,000 in pre-seed rounds of financing. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $1,070,000, and the funds will be used for marketing, research and development, equipment purchases, travel and patents, and general working capital. Renu Robotics has already sold three RenuBot mowers in December 2019 and has 16 NDAs and seven LOIs in place with solar farms.
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