IIT Madras incubated deep tech firm Solinas Integrity raises funds for expansion

Solinas Integrity, an IIT Madras incubated climate deep tech and robotics company based at the IIT Madras Research Park, has secured $5.5 million in a Series A1 funding round led by Hero Enterprise Partner Ventures and co-led by Mela Ventures, with participation from the Luthra Group.Existing investor SBI Ventures, through the SVL-SME Fund, doubled down on its position, alongside continued backing from Rainmatter and 8X Ventures Fund I. The round follows Solinas’s Series A, led by SBI Ventures through the SVL-SME Fund (Neev II) in May 2024. Kumbhat Advisors, led by Akash Sethia, served as Exclusive Financial Advisor to the transaction.Solinas will use the fresh capital to scale aggressively and deepen its penetration in existing markets while expanding into new states and municipal corpora