Raptor Maps, a company focused on developing software solutions for solar park management, has closed a $35 million Series C funding round. The funding was led by Maverix Private Equity and supported by existing investors, including MKB, Blue Bear Capital, Congruent Ventures, Buoyant Ventures, and Y Combinator.
The primary goal of this funding is to accelerate product development aimed at addressing the frequent underperformance of solar assets. Since its founding, Raptor Maps has been dedicated to digitizing and optimizing solar portfolios across North America and internationally.
Addressing underperformance challenges
One of the company’s flagship products, Raptor Solar Sentry, is designed to enhance the operational efficiency of solar parks by combining analytical tools with robotic technologies. This software aims to close the gap between expected and actual returns, a recurring issue for asset owners.
Nikhil Vadhavkar, CEO and co-founder of Raptor Maps, stated that the funding will enable the company to further enhance its software offering and improve operational management capabilities for solar parks. He also emphasized the industry’s need to maximize investment profitability.
A strategy supported by key investors
Mohit Talwar, partner at Maverix Private Equity, highlighted the strategic importance of this investment for the solar market. He emphasized the platform’s role in streamlining operations and maximizing the value of existing assets.
The company plans to utilize the funds to expand its machine-learning-based analytical capabilities while strengthening its technical and operational teams. These improvements aim to support solar park owners and operators in managing operational expenditures (OpEx) and optimizing financial returns.
Applications focused on operational efficiency
By focusing on data-driven solutions, Raptor Maps seeks to provide investors and managers with tools for more precise and predictive solar park management. This approach aligns with a global trend toward leveraging advanced technologies to meet the sector’s growing demands for performance and return on investment.
