Company Research Report: Renkube

Company Overview

• Name: Renkube

• Mission: To unlock the enormous potential of solar energy through innovative technology, aiming to accelerate the transition to a net-zero carbon economy by 2070.

• Founded: 2017

• Founders: Balaji Lakshmikanth Bangolae, Dr. Lakshmi Santhanam, Deepika Gopal, Dr. Janardhana Vittal Rao

• Key People:

• Balaji Lakshmikanth Bangolae - Founder, CEO

• Dr. Lakshmi Santhanam - Co-Founder, COO

• Dr. Janardhana V - Co-Founder, President

• Deepika Gopal - Co-Founder, Researcher

• Headquarters: #8 B, “Siddhi Vinayaka 2nd Phase, Dr Puneeth Rajkumar Rd, Marilingappa Extension, Naagarabhaavi, Bengaluru, Karnataka 560072, India

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Pioneers in Motion Free Optical Tracking (MFOT) technology for solar panels; developing light redirecting glass that increases solar panel efficiency by 20%.

Products

1. AI-Powered 3D Glass Design

• Description: Innovative light-harvesting glass that collects and redirects sunlight, boosting solar panel efficiency by 20%.

• Key Features:

• No chemical coating or electro-mechanical components.

• Compatible with various solar cell technologies like mono, PERC, perovskite, etc.

• Designed for universal application from Singapore to London.

2. Motion Free Optical Tracking (MFOT) Technology

• Description: Technology that allows solar panels to track the sun without movement, enhancing overall energy generation.

• Key Features:

• Increases energy yield by 20% more than traditional panels.

• Requires no special maintenance beyond regular cleaning.

Recent Developments

• Seed Funding:

• Renkube secured INR 2.4 crores ($300K) in a seed round led by CIIE.CO. Other participants included JITO Angel Network and K4 Forum Mumbai Network.

• New Product Launches:

• Initiated the AI-powered 3D glass design and MFOT technology for enhanced solar energy capture.

• Partnerships and Collaborations:

• Supported by Halliburton Labs, IKP Knowledge Park, and Meity Tide 2.0 from SINE, IIT Bombay.

• Collaborating with AgHub at PJTSAU, Telangana for an Agritech Innovation Pilot.

• Pilot Projects:

• Conducting a 10 KW pilot with Telangana Agriculture University to validate Agri PV solutions.

(Note: Specific information like the number of employees or revenue was not available in the provided data, hence mentioned as "No information is available.")