To accommodate increased demand and ensure scalability, Solarad.ai will also focus on the expansion of its cloud infrastructure
An undisclosed amount of seed funding has been raised by Solarad.ai, an energy forecasting startup company. The funding round was led by India Quotient.
The company’s technology infrastructure of deep-tech models and algorithms used for energy generation forecasting will be enhanced with the allocated funds. To accommodate increased demand and ensure scalability, Solarad.ai will also focus on the expansion of its cloud infrastructure.
To improve the accuracy and reliability of the forecasts, grow the existing customer base, and expand its solution offerings across Europe and the US markets, Solarad.ai will also devote a significant portion of its resources to research and development.
“The funding from India Quotient will have a significant impact on our operations, projects, and growth. We’re poised to achieve a high margin, ensuring long-term sustainability. This will help us accelerate our research and development initiatives, scale up our sales and marketing efforts, and develop automated energy scheduling and trading processes, bringing additional value to our customers,” said Ravi Choudhary, co-founder, Solarad.ai.
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