Minimac raises Rs 30 crore for industrial lubricant recycling
Image: Primary Minimac Systems has raised Rs 30 crore in a pre-Series A led by Zerodha investment arm Rainmatter, according to Indian Startup News.
The Pune company plans to put the money into R&D for miniaturized treatment systems, fleet automation and fluid analytics, and to establish regional hubs for its Recycling on Wheels service. Its mobile units treat and recycle industrial lubricants at customer facilities; its broader model includes in-service reconditioning, reclamation and re-refining.
Rainmatter said the company has completed more than 2,000 projects and deployed about 2,500 machines.
Sources
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