Godrej backs home-tech startup, ZunRoof, with $1.2 million pre-Series A Investment
ZunRoof, India’s largest smart energy solutions provider raised a fresh round of pre-Series A funding of $1.2 million from Godrej. We plan to utilize this round of capital for expansion and further strengthening our product portfolio. Also, the funding comes at an integral time for our company while we work towards the fulfillment of the government’s target of achieving 40 GW by 2022 for rooftop solar.
Pranesh Chaudhary, Founder & CEO, ZunRoof
He said, “Sushant and I have been blessed to find the right angel investors to fund us since we started. Our pre-Series A and backing from Pirojsha Godrej comes at the perfect time – allows us to hire and retain great talent, scale solar rooftop operations across India and launch our home-IOT products. We are already market leaders for residential solar rooftops in 40+ cities (including Delhi, Chandigarh, Lucknow, Bangalore) and aim to build on this lead to bring smart and clean energy choices to every home in India.”
Pirojsha Godrej, Executive Chairman, Godrej Properties
He said, “We are delighted to support ZunRoof’s exciting plans in the home IOT and solar rooftop spaces. Not only that, but the Founders’ exciting vision combined with the passion, knowledge and the leadership they continue to demonstrate in the space makes us very excited to be a part of their journey.”
ZunRoof specialises in solar rooftop design, installation, and management using technology. Evidently, the company uses computer vision, AI and VR to streamline the solar rooftop installation and maintenance for homeowners.
With the recent expansion in Chennai, Bangalore and Coimbatore, ZunRoof serves customers in more than 40 cities, including Delhi-NCR the region, Bangalore, Chennai, Chandigarh, Lucknow, Kanpur, Agra, Jaipur, Haridwar, Ludhiana, and Jalandhar.
ZunRoof Tech Private Limited is India’s leading Home-Tech company specializing in solar rooftop solutions. It is also India’s first solar installations provider.
Zunroof’s technology leadership spans the domains of Image Processing, Virtual Reality (VR), Internet of Things (IoT) and Data Analytics. The company helps its customers reduce their electricity bills by using their unutilized rooftops for solar power generation. It also provides sense and control of every appliance in one’s house.
In India, ZunRoof offers the most affordable solar system installations across the country, with real-time IOT powered solar monitoring through the app. ZunRoof also helps its customers find suitable and the cheapest solar solutions and run them efficiently with low electricity consumption. The company also offers an interactive app that enables customers to control and modify solar usage.