Delhi: iRasus Technologies, a Deep Tech Analytics startup has raised an undisclosed amount in seed funding from Digital Futurists Angel Networks (DFAN), Elina Investments, Bhuvan Gupta, Amit Khetan and other investors.
The AIC-Sangam incubated startup will use the raised funds to enhance its battery analytics and visualisation platform and expand its market reach. iRasus Technologies is building a platform to help organise and analyse battery data. It aims to bring solutions that could enhance battery storage technologies.
iRasus Technologies’ digital infrastructure platform – Preksha, integrates and uses battery data to build applications for superior battery management.
Arjun Sinha Roy and Anirudh Ramesh, both alumni of BITS Pilani have co-founded iRasus Technologies’. The duo 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).
“DFAN has been supporting innovative startups 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,” said Ganesh Viswanathan, Director of Digital Futurists Angel Networks (DFAN).
“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,” added Viswanathan.
“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,” commented Arjun Sinha Roy and Anirudh Ramesh, Co-Founder iRasus Technologies.
“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 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,” added Syed Safawi, Founder of Elina Investments.