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

Zenergize Technologies has raised $4 million in a Pre-Series A funding round led by Giraffe Studios. The round included a mix of equity and venture debt, with participation from several industrial entrepreneurs and angel investors.

The Gurugram-based deep-tech startup is building power electronics products for India’s clean energy and electric mobility market. In simple words, it makes EV chargers, solar inverters and related systems that help manage and convert electricity more efficiently.

What Zenergize Technologies does

Zenergize designs and manufactures advanced power electronics products in India. Its current portfolio includes AC EV chargers, DC fast chargers and solar inverters.

The company is also working on hybrid inverters and Battery Energy Storage Systems, commonly called BESS. A hybrid inverter can manage power from solar panels, batteries and the grid. BESS helps store energy for later use, which is useful for solar power, EV charging stations, factories and commercial buildings.

Zenergize says its products are designed for Indian conditions, including heat, dust, voltage changes and local grid behaviour. This is important because hardware made for Europe or China may not always perform well in Indian operating conditions.

Founder and founding year

Zenergize Technologies was founded by Navneet Daga and Dr. Veer Karan Goyal. Navneet Daga is the co-founder and CEO, while Dr. Veer Karan Goyal is the co-founder and CTO.

The company was incorporated in 2024, after years of research and development work. Its manufacturing facility is located in Parwanoo, Himachal Pradesh, while its corporate base is in Gurugram.

Purpose of the $4 million funding

The fresh funding will be used to expand manufacturing capacity, strengthen engineering, grow sales and service teams, and speed up research and development.

This matters because Zenergize is seeing demand from large customers. Reports say the company has reached an annual revenue run rate of more than Rs. 30 crore and has an order book above Rs. 150 crore within a year of commercialization.

The company now needs to produce more units, serve customers faster and build the operational strength needed for enterprise and OEM clients.

Why this startup matters

India’s EV and solar markets are growing, but reliable local hardware is still a major need. EV charging networks need fast chargers that can work every day without frequent breakdowns. Solar installers need inverters that can handle Indian rooftops, weather and grid issues.

For example, a logistics company using electric trucks or buses needs dependable chargers at its depot. If charging fails, vehicle operations get affected. Similarly, a solar EPC company needs inverters that can perform consistently across homes, factories and commercial sites.

Zenergize wants to solve this hardware gap with locally designed power electronics.

Competitors in the market

Zenergize competes with EV charging and solar inverter companies such as Exicom, Servotech Power Systems, Statiq, ChargeZone, Delta Electronics, Sungrow, Growatt and other Indian and global hardware players.

Its edge could come from local design, manufacturing control and its Silicon Carbide-based technology. Silicon Carbide, or SiC, helps power devices run more efficiently and handle higher power levels better.

Conclusion – Key takeaways

Zenergize Technologies’ $4 million Pre-Series A round shows growing interest in India’s clean-energy hardware startups.

The startup’s aim is to build reliable, Made-in-India EV chargers, solar inverters and power electronics for Indian conditions. The funding will help it increase production, expand its service network, hire stronger teams and develop new products.

If Zenergize can deliver quality at scale, it could become an important player in India’s EV charging and solar infrastructure market.

Facts Input