Solar employees scanning and logging PV module serial numbers within the area.
Raptor Maps, a solar lifecycle administration software program supplier, has closed $22 million in Series B funding for its Raptor Solar software program platform. The spherical is led by Canadian personal funding agency MacKinnon, Bennett & Co. (MKB), which makes a speciality of accelerating innovation in energy, transportation and local weather tech. Other traders embody the Microsoft Climate Innovation Fund, Blue Bear Capital, DNV, Buoyant Ventures, Congruent Ventures, Data Point Capital and ENGIE New Ventures.
Raptor Solar is a sophisticated software-as-a-service platform for the complete solar lifecycle – from financing and improvement via operations. Raptor Solar lets utility-scale and C&I solar corporations standardize and analyze knowledge, collaborate, optimize PV property, cut back danger, and raise monetary return.
The SaaS platform serves as an auditable system of document that includes state-of-the-art digital twins of solar property. Users can scan in module serial numbers to streamline guarantee claims and confirm provide chains. Subscribers profit from inspection analytics, productiveness instruments and talent to quantify monetary loss and even benchmark portfolios in opposition to Raptor Maps’ international database.
“We’re very excited about our investment in the most sophisticated solar analytics and insights platform on the market,” says Chanel Damphousse, companion at MKB. “Raptor Maps has some of the most intelligent and skilled experts in the solar industry, and their product roadmap represents a bold vision for how data married with productivity tools unlocks value across the lifecycle of solar assets.”
The funding will allow Raptor Maps to speed up its hiring plans with vital funding in product, software program and knowledge science. The firm will quickly advance its feature-rich product roadmap with extra performance associated to workflow automation, work orders, investor reporting and insights powered machine studying.
“Making the solar industry more profitable represents progress towards advancing a sustainable energy future,” explains CEO and co-founder Nikhil Vadhavkar. “Our mission is to build software that enables solar energy to scale. We’re delighted to have partners with the right expertise to support our ambitious plans.”
“To meet the world’s urgent climate goals, the energy industry needs tools to become nimbler and deploy renewable energy quickly,” says Mark Kroese, normal supervisor of sustainability options at Microsoft. “Raptor Maps is digitizing solar supply chains, deployment and operations, which will help accelerate the global transition to cleaner energy solutions.”