Claro Energy, a provider of solar-powered water pumping solutions, has raised the first round of funding from a group of Angel Investors in India, Singapore, USA, and Canada.
Claro Energy, founded by Kartik Wahi and Soumitra Mishra, offers solar powered water pumping solutions to meet the irrigation requirements and rural drinking water needs.
Solar irrigation holds huge potential in India, where rural regions face severe shortage of power. There is a high power deficit in several agrarian states and conventionally, farmers have been using diesel generators and mostly dependent on monsoon rains.
Claro’s design, centrifugal AC/DC pump, knowledge of middleware, motor operations and engineering of an off-grid solar PV irrigation pump provides farmers an optimal and integrated solution, the company said.
Claro Energy now operates in Bihar, UP, Punjab, Jharkhand, Chhattisgarh and Tamil Nadu. Over the last few months the company has been awarded key projects to install several hundred solar pumps giving it a very robust order book.
Claro operates a large number of solar irrigation projects for the government. The company also has plans to sell its solution directly to farmers.
As a MNRE (Ministry of New & Renewable Energy) certified channel partner, Claro is able to directly disburse subsidies to individuals.