Revayu Energy Raises Equity Funding from UK-based Investor

It is planning to use the funding amount for the upgradation of its products, to setup an AI-based software to enhance the operation & maintenance (O&M) experience, automate the maintenance activities and to increase its presence.

December 31, 2020. By Manu Tayal

Revayu Energy, a clean tech start up offering hybrid energy solutions, has raised equity funding from an UK-based investor.

The USD 5 million company have started the campaign for crowd funding and recently finished its first international source of funding, and is targeting to raise another USD 0.5 million from crowd funding sources till March 2021.

However, the company didn’t disclose the funding amount and the name of the investor.

It is planning to use the funding amount for the upgradation of its products, to setup an AI-based software to enhance the operation & maintenance (O&M) experience, automate the maintenance activities and to increase its presence.

Commenting on the funding plans, Prateek Gupta, Founder & CEO of Revayu Energy, told to Energetica India that “ongoing pandemic has hit the sector and slowed down the process. However, we are still growing and trying to cope up with the new normal. We hope to achieve our target of 0.5 million USD investments till March 2021. By that time, we will also be closing our leads on various new contracts for our company. There is no minimum investment amount that is mandatory in crowd funding. Anyone can invest any amount and can be part of the company and its growth.”

Gupta further added “nothing can give more satisfaction than having the people showing confidence in your venture. Our focus is to create a model that allows us to scale, deliver hybrid solutions faster and create a sustainable business model.”

“Currently we are poised to grow minimum 4-5 times our existing revenue in the upcoming financial year and hence ideal time for investors to attach with us and grow along with us,” said Siddharth Arora, Director & CFO of Revayu Energy.

He further said “to ensure steep year-on-year growth for next 5 years, we have few more niche renewable energy products in pipeline for scaling up our globally recognized telecom tower top solution.”

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