Renu Robotics

Renu Robotics

Early Stage

Autonomous tractors and software platform for solar farm maintenance

Autonomous tractors and software platform for solar farm maintenance

Overview

Raised to Date: Raised: $100,849

Total Commitments ($USD)

Platform

Microventures

Start Date

12/31/2019

Close Date

03/16/2020

Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

Convertible Note

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$13,200,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,327

# of Investors

316

Momentum
Funded
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Industry

Industrial Services

Tech Sector

Renu Robotics, with a valuation cap of $16.5 million, is raising funds on MicroVentures. It is a robotics company that aims to provide autonomous tractors and mowers for solar farm facilities. The autonomous tractor of Renu Robotics, RenuBot, is specifically designed for utility-scale solar farms with low weight, high mobility, and high storage capacity. Renu Robotics was founded by Tim Matus and Michael Eyman and has raised over $575,000 in pre-seed rounds of financing. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $1,070,000, and the funds will be used for marketing, research and development, equipment purchases, travel and patents, and general working capital. Renu Robotics has already sold three RenuBot mowers in December 2019 and has 16 NDAs and seven LOIs in place with solar farms.
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Renu Robotics on Microventures
Platform: Microventures
Security Type: Convertible Note
Valuation: $13,200,000

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Warning: according to the close date for this deal, Renu Robotics may no longer be accepting investments.

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