Swap Robots is positioned to emerge as one of the most cutting-edge businesses in the solar energy generation industry, which is continually expanding and changing. With its innovative modular design that enables easy shifting of batteries and functioning, this firm, which entered the market as a finalist in the Disrupt 2022 Battlefield competition, is already making waves.
The solar farm business, which has experienced rapid expansion in recent years and is predicted to reach tens of billions of dollars per year by the 2030s, can use this ground-breaking method. Owners of solar assets are now able to extract even more power from their investments thanks to this new innovative technology. Swap Robots recently announced a $7 million seed round from SOLV Energy and SOSV’s HAX division to further demonstrate its commitment to the developing industry, and talks for additional investment are currently underway with some of the top 50 solar asset owners.
The initial deployments of Swap Robotics were concentrated on a few farms in southern US regions, but it appears that this won’t be the case for very long as they have plans to grow both domestically and abroad next year. The business also intends to adopt a subscription-based RaaS (Robotics as a Service) business model, which will take into account variables like frequency, topography, and other considerations when determining how much to charge clients. Swap robots have a contract worth over $9 million for the next three years and are prepared to completely transform how solar energy is harvested all around the world!