What does it do sensehawk Doing
Founded in 2018, SenseHawk is an early-stage US-based developer of software-based management tools for the solar power generation industry. SenseHawk develops tools for the solar industry to help companies streamline processes and use automation. The company generated a turnover of $2.3 million in its fiscal year 2022.
SenseHawk helps companies accelerate solar projects from planning to production by helping companies streamline processes and use automation. The company claims to have helped 140+ customers in 15 countries adopt new technology across its 600+ sites and assets of 100+ GW in total.
The transaction is subject to certain regulatory and other customary closing conditions and is expected to be completed before the end of 2022.
speak management
Speaking about the acquisition, Mukesh D Ambani, Chairman and Managing Director, Reliance Industries Limited said, “We welcome Senshawk and its dynamic team to our family. Committed to revolutionize RIL green energy region and has a vision to enable 100 GW of solar power by 2030. In collaboration with SenseHawk, we will reduce costs, increase productivity and on-time performance to deliver the lowest LCoE for solar projects globally and move solar-electricity in lockstep with our approach to solar power for the source. It is a very exciting technology platform and I am confident that with the support of RIL, Senshawk will grow manifold.
Commenting on the partnership, Swaroop Mavanur, CEO and Co-Founder, Senshawk said, “Rahul Sankhe, Kartik Mekala, Saideep Talari, Viral Patel and I collaborated with a vision to influence all processes in the solar lifecycle. We are pleased with the confidence that RIL has bestowed upon us with this investment. The SenseHawk team sees strategic value in working with RIL, one of the largest global infrastructure corporations, and looks forward to this next phase in our growth. ,