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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Funding Working Capital Requirements
Fulfilling incremental working capital needs to support project execution and raw material inventory build-up.
Capital Expenditure for New Manufacturing Facility
Land acquisition, civil construction, and equipment setup for establishing an integrated manufacturing plant in Bengaluru.
Investment in Product Development and R&D
Advancing research, prototyping, and testing for next-generation robotic solar automation tools and IoT monitoring platforms.
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(₹ in Crore)
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Incorporated in April 2017 and headquartered in Bengaluru, Karnataka, Aegeus Technologies Limited is a clean-tech engineering and manufacturing firm specializing in intelligent robotic automation solutions for the solar energy sector. The company designs, develops, and deploys patent-protected waterless robotic cleaning systems, including flagship product lines such as "Unicorn" and "Shreem", engineered to clean utility-scale solar panel arrays and commercial rooftop installations without water consumption, thereby maximizing solar power plant efficiency and energy yield. Operating from an ISO 9001:2015 certified design and assembly facility in Bengaluru, the organization provides comprehensive Operations & Maintenance (O&M) services, robotic hardware upgrades, and automated field monitoring for utility-scale solar park operators, independent power producers (IPPs), and EPC contractors across India. The firm integrates proprietary Internet of Things (IoT) sensors, cloud analytics, and autonomous navigation algorithms into its robotic fleets to ensure continuous dust removal and operational reliability. Aegeus Technologies operates a combined revenue model consisting of direct capital sales of robotic cleaning equipment alongside long-term, recurring O&M service retainerships. The proceeds from its capital markets debut are allocated toward acquiring land and constructing a modern integrated manufacturing facility in Bengaluru, augmenting R&D capabilities for next-generation solar automation products, and expanding working capital to support growing project deployments across renewable energy hubs.
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Source: RHP • Analysis provided for informational purposes
Last Updated: 13 August 2026, 2:19 AM
Proprietary Waterless Robotic Technology
Designs and manufactures patent-protected autonomous waterless cleaning robots that enhance solar panel efficiency while eliminating water consumption in arid power plant locations.
Strong In-House R&D and Engineering Capabilities
Maintains an integrated product development team producing proprietary IoT sensors, robotic control electronics, and autonomous navigation software.
Established Presence with Major Utility-Scale Solar Operators
Serves leading independent power producers and solar park developers across key renewable energy regions in India.
Favorable Industry Tailwinds in Renewable Automation
Capitalizes on rapid utility-scale solar capacity expansion and increasing operational emphasis on automated plant maintenance.
Revenue Concentration in Solar Sector
Business operations depend entirely on solar energy deployment, making revenues sensitive to capital expenditure cycles in the renewable power industry.
Working Capital Intensity and Extended Credit Cycles
Project execution requires significant upfront capital for component procurement, with operational cash flows subject to customer payment schedules.
Rapid Technological Advancement and Substitution
Failure to continuously upgrade robotic hardware and software features could lead to technology obsolescence or competitive displacement.
Aegeus Technologies Limited
No. 105, Harapanahalli Village, Jigani Hobli, Anekal Taluk, Bengaluru, Karnataka - 560105, India
View on Maps →Skyline Financial Services Private Limited
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Supply Chain and Key Component Dependence
Relies on specialized electronic components, motors, and battery modules from third-party vendors, exposing operations to supply chain disruptions.