Pune-based deeptech startup Minimac Systems has raised Rs. 30 crore in a funding round led by Zerodha’s Rainmatter. Select venture capital firms also participated in the round.

The company works in a space most people rarely notice, but factories depend on it every day which is industrial lubricants. These oils keep machines running in power plants, steel mills, mines, factories and other heavy industries. Minimac’s idea is simple and practical. Instead of treating used oil as waste, it helps companies clean, restore and reuse it wherever possible.

What Minimac Systems does

Minimac Systems focuses on lubricant lifecycle management. In simple terms, it helps industries take better care of machine oil from the time it enters a plant to the time it can no longer be reused.

The startup offers oil purification, filtration, flushing systems, oil testing devices, lubricant condition monitoring and maintenance services. These solutions help companies reduce machine breakdowns, improve equipment life and cut oil wastage.

For example, a manufacturing plant may keep replacing oil every few months because it looks dirty. Minimac checks the oil condition, removes contamination and restores it if it is still usable. This can reduce fresh oil purchases and also lower waste disposal problems.

Founder and founding year

Minimac Systems was founded in 2012 by Anshuman Agrawal and Harshit Agrawal.

The company has been bootstrapped and profitable since inception, which makes this funding round more interesting. It is not a young startup burning money to find a model. It already has a working business and is now raising capital to scale faster.

Aim of the startup

Minimac wants industries to stop seeing lubricants as simple consumables. Its larger aim is to treat industrial oil as an asset that can be monitored, cleaned and reused.

This fits well with India’s need to reduce imports and industrial waste. Reports say India consumes more than 5 million tonnes of lubricants and greases every year and imports over 60% of its base oil requirement.

Used oil disposal is also a concern. If handled badly, it can harm soil, water and the environment. Minimac’s circular approach can help factories save money while also reducing waste.

Purpose of the funding

The Rs. 30 crore funding will be used for research and development in treatment infrastructure and fluid analytics. The company will also expand its Recycling on Wheels service through regional hubs.

Recycling on Wheels is a mobile service where treatment systems are taken directly to industrial plants. This is useful because many factories may not want to send oil away for treatment or wait for long turnaround times.

Minimac also plans to build its Lubricants as a Service model. This means companies can outsource the full lubricant management process instead of handling testing, cleaning, monitoring and disposal separately.

Conclusion – Key takeaways

Minimac Systems’ Rs. 30 crore funding shows growing investor interest in practical climate and industrial deeptech businesses.

The startup’s aim is to help factories reuse oil, reduce waste, avoid machine downtime and lower dependence on imported base oil. With Rainmatter’s backing, Minimac can expand its mobile recycling services, improve oil analytics and take its circular lubricant model to more industrial customers across India.

Facts Input- ISN