Robotics Startup Genrobotics Raises Rs 2.5 Crore In Pre-Series A Funding Round
Robotics startup Genrobotics has raised Rs 2.5 crore in a pre-Series A funding round.
The funding round was led by existing investors Unicorn India Ventures. Anand Mahindra, who has invested in his personal capacity, has also joined as a new investor in this round along with SEA Fund.
As per the startup, it plans to use the raised amount to further scaling up production of Bandicoot to meet the growing demand in light of eradicating manual scavenging.
The startup also plans to develop new products and R&D to leverage the technology for the healthcare segment.
Founded in 2015 by Arun George and Vimal Govind, Genrobotics is a Trivandrum-based robotics startup primarily focusing on designing and development of robotic solutions to address the most relevant social issues.
The startup is widely known for making Bandicoot, the fully automated manhole cleaning robots
Talking about the funding round, Vimal Govind, Co-founder CEO, Genrobotics, said,
“Mr Mahindra has offered his full support on implementing Bandicoots in each and every corner of India for putting an end to this dehumanising activity completely. [It] has accelerated the process of [switching from] manual scavenging to robotic scavenging.”
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