Energy Saving Solution Startup Swadha Energies Raises Funds from IAN, Keiretsu Forum and Stanford Angels
17 April 2019 1:07 PM GMT
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.
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