IAN Fund leads Rs 12.4 crore funding in Nocca Robotics

IAN Fund on Wednesday said it has led an investment worth Rs 12.4 crore in Pune-based Nocca Robotics.

The investment also saw participation from prominent angel investors from Indian Angel Network, a statement said.

Founded in April 2017 by Harshit Rathore and Nikhil Kurele, Nocca leverages technologies such as AI, machine learning, deep learning and robotics to provide automated, waterless and shareable solar panel cleaning solution for utility-scale solar parks.

Nocca Robotics will leverage the capital infusion to set up a robust manufacturing facility to create these robots with improved quality control. This establishment will cater to 1GW of solar power per year, the statement said.

The company will also use the funding to bolster its R&D and strengthen the production team, it added.

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