Energy Saving Solution Startup Swadha Energies Raises Funds from IAN, Keiretsu Forum and Stanford Angels
An IIT Madras RTBI incubated startup Swadha Energies Private Limited has has raised an undisclosed amount of funds in a pre-Series A round from angel
- An IIT Madras RTBI incubated startup Swadha Energies Private Limited has has raised an undisclosed amount of funds in a pre-Series A round from angel investor groups Indian Angel Network (IAN), US-based angel investor network Keiretsu Forum and Stanford Angels, a a Stanford Alumni Association group based in India that seeks to strengthen Stanford's startup community.
- Based out of Chennai, Swadha will use the freshly raised funds for further product development, to drive awareness about sustainable energy consumption, and to enhance its sales and marketing.
- It was incubated at IIT-Madras' Rural Technology Business Incubator (RTBI).
- "Our main product is an intelligent motor drive which can be used across industries as agri-pump, elevator or escalator, electric vehicle and domestic appliances, and so on.