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IIT-Madras Startup's Robots: ₹100 Cr Revenue by 2029
6 Oct
Summary
- Solinas aims for ₹100 crore revenue by FY29, expanding internationally.
- Robots inspect and maintain water infrastructure like pipelines and sewers.
- Startup secured $5.5 million Series A funding for R&D and market expansion.
Solinas Integrity, a robotics startup incubated at IIT-Madras, is projecting a revenue of ₹100 crore by FY29. The company, which develops AI-powered robotic systems for inspecting and maintaining water and sanitation infrastructure, achieved double revenue growth in FY26 and anticipates closing the current fiscal year with ₹45-50 crore.
Having entered international markets last year, Solinas aims to increase their contribution to 30% of business within 3-5 years, focusing on the Middle East and South-East Asia. The firm is also seeking larger orders from public departments and expanding into smaller Indian cities, where government funding for infrastructure is increasing.
Solinas closed a $5.5 million Series A funding round in August 2026, led by Hero Enterprise Partner Ventures. These funds are allocated for research and development, and expansion into international and smaller Indian markets. The company emphasizes the importance of local R&D for robots suited to Indian conditions, with approximately 80% of their robots' costs being localized.
