Step Robotics, a Marketplace for Solar Products, Raises Funding at $2.2 Million Valuation

Step Robotics, an emerging enterprise that offers the first truly automated solar marketplace, has raised funding from LMKT at a market valuation of $2.2 million.

Company didn’t say anything on the amount of funding raised.

Step Robotics is a marketplace for solar service providers and potential customers. It promises to increase the service providers’ sales potential and reduces the cost of a Solar Electrical System.

The company also offers an analysis tool to improve the accuracy and speed of on-site measurement of indigenous solar resources.

Step Robotics offers an app as well as a lens that can capture images to calculate any shading impact on the output of the solar energy system. With a list of service providers and their relative prices, users can make intelligent buying decisions for solar electrical systems.

President Step Robotics, Junaid Qazi, while commenting on the development said, “Step Robotics has created a site analysis tool that is integrated with a solar marketplace. LMKT on the other hand, can use this groundbreaking technology and bring it to mass consumption.”

Junaid, while speaking with ProPakistani, said that shades — of various types — reduce electricity production by around 32 percent. He said that Step Robotics’ analysis tool will help reduce losses like that.

He further added that Step Robotics can also help identify the genuineness of solar panels, all through the app.

Tech reporter with over 10 years of experience, founder of ProPakistani.PK