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iRasus Technologies, a Deep Tech Analytics company, is building a platform to help organize and analyze battery data. The company has announced that it has raised an undisclosed amount in seed funding from marquee industry investors, including Digital Futurists Angel Networks (DFAN), Elina Investments, Bhuvan Gupta, and Amit Khetan, amongst others. The company, which AIC-Sangam has incubated, will use the funds to enhance its battery analytics and visualization platform and expand its market reach.
The inception of iRasus comes on the back of challenges the country faces in the clean energy transition across the Electric Mobility Segment. EVs are critical to India’s prospects of achieving net zero emissions by 2070, and the company aims to bring solutions that could enhance battery storage technologies. Their digital infrastructure platform, Preksha, integrates and uses battery data to build applications for superior battery management.
The company has been co-founded by Arjun Sinha Roy and Anirudh Ramesh, both alumni of BITS Pilani. They have created an API-driven Middleware platform that connects batteries to the cloud for data visualization, analytics, third-party development, and integration. It is a unique solution that is agnostic to battery chemistry or Battery Management Systems (BMS).
Speaking about this, Ganesh Viswanathan, Director of Digital Futurists Angels Pvt. Ltd (DFAN) said, “DFAN has been supporting innovative start-ups 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 center systems for electric vehicles. 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.”
Adding their comments, Arjun Sinha Roy & Anirudh Ramesh, Co-Founder iRasus, said, “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. This funding round will help us enhance the platform and enter
the next growth stage. We thank our investors for their faith in us.”
Syed Safawi, Founder, of Elina Investment, said, “We at Elina Investments, constantly look for future technology platforms which are scalable. The EV ecosystem is one of the most disruptive domains. It is picking up in a major way in India today, supported by governmental policies and innovative solutions by auto majors and start-ups in this domain. We need technology that can plug in gaps around battery management, maintenance, and other aspects. iRasus is a pathbreaking platform solution that is resolving issues related to managing lithium batteries and making the system seamless through the use of cutting-edge analytics. Their interoperable tech stack will be a panacea for battery management service providers. We are very positive of their contribution to the EV ecosystem and wish them all the best for their endeavours ahead.”
The DPIIT and Start-up India mission registered company was the winner of the FLCTD 2022 Innovation Challenge implemented by BEE and UNIDO under the Industrial IoT category. iRasus now offers its energy data analytics for software products and SaaS tools to EV OEMs,
battery pack Manufacturers, fleet operators, telecom tower operators, charging infrastructure companies, battery swapping networks, and other stationary battery systems, etc. It is now aiming to expand its coverage across India and globally.