# Renkube

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/renkube

- Industry: Renewable Energy
- Headquarters: Bangalore, India
- Website: www.renkube.com
- Total disclosed funding: $0.3M
- Latest round: Seed (Jun 4, 2022)
- Investors on record: 4

## About

Based in Bangalore, India, and founded in 2017 by CEO Balaji Lakshmikanth, Janardhana V., Lakshmi Santhanam, and Deepika Gopal, Renkube Private Limited, a.k.a. Renkube is a renewable energy-focused company that develops and commercializes MFOT (motion free optical tracking) technology, enabling solar modules manufacturers to improve the price-performance ratio of their solar panels. In August 2022, Renkube Private Limited raised INR 24 million in seed funding led by the Centre for Innovation, Incubation, and Entrepreneurship, with participation from Halliburton Labs, JITO Incubation & Innovation Foundation, and K4 Forum Mumbai Network.

Renkube provides AI (artificial intelligence) powered 3D glass design that collects more sunlight and redirects to the solar cells, resulting in an increase in the energy yield of the solar panels. The company uses machine learning algorithms to design a glass that captures more sunlight because of its geometric design rather than electro-mechanical components or chemical coating. The firm’s solar panels have a wide range of applications, including residential, commercial, industrial, and utility sectors.

Renkube plans to use its proceeds from August 2022 funding to build industrial-scale manufacturing of solar panels, demonstrate the technology with top industrial customers in India, the US and Australia, and secure necessary certifications.

## Funding rounds

- Seed, Jun 4, 2022, $0.3M — IIMA Ventures, JITO Incubation & Innovation Foundation, Halliburton Labs, K4 Forum Mumbai Network

## Investors

- IIMA Ventures (https://capitalatlas.ai/funds/iima-ventures) — Seed
- JITO Incubation & Innovation Foundation — Seed
- Halliburton Labs — Seed
- K4 Forum Mumbai Network — Seed