![](https://www.udayavani.com/wp-content/uploads/2024/09/Gen-Asim-Munir-Wikimedia-Commons-415x275.jpg)
Industrial robot maker Haber raises $20 million
PTI, Nov 23, 2021, 12:53 PM IST
![](https://www.udayavani.com/wp-content/uploads/2021/11/Industrial-robots-rep-620x384.jpg)
Representative Image
Mumbai: Industrial robot maker Haber on Tuesday announced raising USD 20 million (about Rs 149 crore) in a funding round led by Ascent Capital.
Accel, Elevation Capital, Beenext, Temasek partner Mukul Chawla and the founders of GreyOrange, another robot as a service company, Samay Kohli, and Akash Gupta, also participated in the round, according to a statement.
The Pune-based company, which develops artificial intelligence-based solutions to drive sustainability by focusing on water saving and emissions, will use the funds to expand its reach across new geographies and industries.
This is the second round of funding for the company founded by Vipin Raghavan, and the overall funds raised till now has touched USD 27 million.
After launching in 2017, it claimed to have helped save fifty billion liters of water for clients and eliminate half a million of carbon emissions. Post-funding, it is targeting to save over 400 billion liters of water in the next two years and to deploy over 10,000 of its ‘eLIXAs’ robots in the next five years.
”Industrial automation is the next big global opportunity and we are excited to partner with Haber, a leader in this space. Haber has a compelling value proposition, with its superior proprietary technology, exceptional multi-disciplinary team, and deep subject expertise, to disrupt this space not just in India but globally,” Founder and Chief Executive of Ascent Capital Raja Kumar said.
Vivek Mathur, Partner at Elevation Capital, said Haber is driving the change in the manufacturing industry through its customer-friendly technology, while Accel’s principal Pratik Agarwal said the company has brought forward a well-designed AI solution that supports manufacturing in battling resource shortages and inefficiencies, boosting the economy.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
![](https://www.udayavani.com/wp-content/uploads/2023/05/IndianClicks_GVega_Udayavani_300x250_12032021_1_1.gif)
Related Articles More
![](https://www.udayavani.com/wp-content/uploads/2024/09/byju-150x84.png)
Byju’s auditor suggested backdating reports; resignation more of optics: Byju Raveendran
![](https://www.udayavani.com/wp-content/uploads/2024/09/Screenshot_2024-09-07-13-22-54-00_40deb401b9ffe8e1df2f1cc5ba480b12-125x115.jpg)
Wockhardt denies allegations of rent payment by Carol Info, its connection with SEBI orders
![](https://www.udayavani.com/wp-content/uploads/2024/09/House-sold-Pexels-150x100.jpg)
Bengaluru sees 19% hike in home sales: Report
![](https://www.udayavani.com/wp-content/uploads/2024/09/BSE_pti-1-150x84.jpg)
Sensex tanks 1,017 pts to close at 2-week low tracking weak global trends
![](https://www.udayavani.com/wp-content/uploads/2024/09/adaniG-150x84.jpg)
Mumbai college rejected him, Adani built $220 billion empire; delivers lecture at same college
MUST WATCH
Latest Additions
![](https://www.udayavani.com/wp-content/uploads/2024/09/Ganesh-Chaturthi-150x105.jpg)
Karnataka ushers in Ganesh Chaturthi with its customary fervour; political tussle over govt’s order
![](https://www.udayavani.com/wp-content/uploads/2024/09/Gen-Asim-Munir-Wikimedia-Commons-150x99.jpg)
Pakistan Army Chief acknowledges role of Pak army in Kargil war
![](https://www.udayavani.com/wp-content/uploads/2024/09/Infant-1-150x100.jpg)
Kushinagar: Man forced to ‘sell’ son for hospital fee, 5 arrested
![](https://www.udayavani.com/wp-content/uploads/2024/09/CBI-rep-agencies-1-150x113.jpg)
Ex-RG Kar hospital principal had criminal nexus with co-accused for wrongful gains: CBI
![](https://www.udayavani.com/wp-content/uploads/2024/09/rains-rep-PTI-150x84.jpg)
29 dead in Telangana due to heavy rains, floods
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.