SP Robotics Works, a Chennai-based startup which provides robotics education to school and college students, has today announced that it has raised $300,000 (Rs. 2 crore) in a fresh funding round from Indian Angel Network and The Chennai Angels.
According to the company’s official release, Nagaraja Prakasam led this funding round on behalf of IAN. As a part of the deal, he will also join the board of company. With this freshly raised money, the company will use the funds for the growth and expansion of its business. It will also release a digital version of the courseware through its Kidobotikz program.
While it will initially launch its services in Chennai, the company has plans to expand its operations to other places in South India eventually.
Founded in August 2012 by Pranavan and Sneha Priya, SP Robotics Works focuses on developing technologies to decrease the usage of man-power for hazardous and unstable work.
The company claims to have more than 500+ products listed on its platform. It further claims that nearly 250 products are designed by them, both electronic & mechanical custom-made to fit the needs of community.
The startup is currently offering two programs – Kidobotikz which is for students from age 12-17 and Rovateclabs which is for Hobbyists aged over 18 years. Along with this, the company also offers premier education in Electronics, Embedded Systems, Robotics and PCB Designing.
As per lead IAN investor Nagaraja Prakasam, SP Robotics enables younger generation to think innovatively towards solving real problems.
Commenting about this development, Sneha Priya, co-founder of the company, said,
We wanted to raise the bar of education in India and develop it at par with international standards by providing practical experiences to school students. IAN and TCA are excellent platforms to raise funds concepts and is supported by a good network of people who provide the right guidance.