Solar Investments Flying to New Highs

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Drone based solar inspections has become a growing trend in the market. (Image: Raptor Maps)

Raptor Maps announced their $5M Series A raise, with investments from notable investors in the space: Blue Bear Capital, Data Point Capital, Buoyant Ventures, Congruent Ventures, Powerhouse Ventures, the Massachusetts Clean Energy Center, and Y Combinator.

Our mission is to build software that enables the solar industry to scale,” says Nikhil Vadhavkar, CEO of Raptor Maps.

Raptor Maps provides tools to organize data, perform virtual inspections, and generate reports that seamlessly integrate into the workflows of solar asset owners.

Why does this matter?

  • Raptor Maps provides a solution to assist with a 49% industry annual growth rate over the past decade.

What’s next?

  • As the solar investment tax credit (ITC) has started decreasing, there will be a need to cut costs of manufacturing, commissioning, and maintaining solar farms.

Thoughts

Raptor Maps provides software and services to the solar industry that has great impact but is only part of the solution. It is what manufacturers do with the data and how they make improvements that will drive further growth — from decreasing costs, improving manufacturing practices, R&D into new and cleaner materials, etc. Investors should be focused on reducing carbon emissions, in addition to the transition to clean energy.

This story has been featured in The Impact, an email newsletter that covers the latest news in the renewables and cleantech space. Check it out and subscribe here.

Impact Investment Analyst at One World | Startup Weekend Facilitator | Climate Tech Enthusiast

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