Raptor Maps plans to expand global presence and develop new products using latest funding
Raptor Maps, a company that makes it simple and affordable for solar companies to adopt drone technology as a tool, has announced a new round of funding from veteran energy investors.
Raptor Maps develops software to build geospatial, digital models of photovoltaic (PV) system asset health. Over the last year, the company has analyzed more than 25 million solar panels in 21 countries across 6,000 MW. Uses include PV system inspection and verification, due diligence and construction site installation progression, to name a few.
Raptor Maps customers or local providers use flir infrared cameras to capture data aerially, and this data is analyzed using computer vision and machine learning. Every finding is presented with original data, which enables audits from clients and independent engineers.
Currently, Raptor Maps provides a number of different analyses, including the ability for solar customers to meet the International Electrotechnical Commission (IEC) Specifications for PV system thermography. The company says that it plans to use this round of funding to expand its global presence and roll out new features and products, such as mobile applications and software tools to optimize project finance.
“The reason Raptor Maps has gained so much traction is that we’re built on software excellence and data transparency,” says 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.”
Led by Blue Bear Capital, which specializes in data-led energy investments, this round of funding also included participation from Congruent Ventures and Powerhouse Ventures, as well as previous investor Y Combinator.
“Raptor Maps stands out by providing immediate operational value to solar portfolios while laying the digital groundwork for true predictive analytics,” says 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.”