Renu Robotics on Microventures

Autonomous tractors and software platform for solar farm maintenance

Raise to date: $100,849

Reporting Date: 03/31/2020

Key Stats

Minimum Raise

$50,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

01/01/2020

Stop Date

03/17/2020

Days Remaining

Closed

Security Type

Convertible Note

Investment Minimum

$100

Deal Type

No Review


Investment Summary

Status

Confirmed Closed

# of Investors

316

% of Minimum Raised

202%

% of Maximum Raised

9%

Dollars Per Day to Reach Max

N/A

DPD* Committed

$1,327

DPD* Category

$96

DPD* All Companies

$1,061

Kingscrowd Momentum

$100,849

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

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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