Raptor Maps introduced a new round of funding from veteran energy traders. The round was led by Blue Bear Capital, specializing in data-led energy investments, with participation from Congruent Ventures and Powerhouse Ventures, and former investor Y Combinator.
“Raptor Maps stands out by providing immediate operational value to solar portfolios while laying the digital groundwork for true predictive analytics,” defined Ernst Sack, Partner at Blue Bear Capital. “Solar owners and operators are leveraging Raptor Maps analytics to increase project revenues by 2% above baseline, and reduce costs for required inspections by over 50%. The company’s SaaS products are compatible with enterprise software and used by data scientists to de-risk portfolios, carefully track degradation, and inform future projects.”
Raptor Maps makes software to construct geospatial, digital fashions of PV system asset well being. In the previous yr, the corporate has analyzed over 25 million solar panels in 21 international locations throughout 6,000 MW. Uses embody PV system inspection and verification, due diligence, commissioning, and development web site set up development. Data is captured aerially by FLIR infrared cameras, operated both by Raptor Maps clients or native suppliers beneath stringent necessities, and analyzed utilizing laptop imaginative and prescient and machine studying. Every discovering is introduced with unique knowledge to allow audits from purchasers and impartial engineers.
“The reason Raptor Maps has gained so much traction is that we’re built on software excellence and data transparency,” explains Nikhil Vadhavkar, co-founder and CEO. “Companies like Enel Green Power, Cypress Creek Renewables, and Swinerton Renewable Energy recognize that they don’t have to compromise between immediate actionability, client-facing deliverables, and long-term digital initiatives.”
Raptor Maps at the moment offers a range of analyses, together with the flexibility for solar clients to fulfill the International Electrotechnical Commission (IEC) Specifications for PV system thermography. The firm intends to make use of the funding to broaden its world presence and roll out new options and merchandise, comparable to cellular functions and software instruments to optimize project finance.