Announced

Reliance to acquire a 79.4% stake in SenseHawk for $32m.

Synopsis

Reliance, a conglomerate company, agreed to acquire a 79.4% stake in SenseHawk, a solar digitization platform, for $32m. “Rahul Sankhe, Karthik Mekala, Saideep Talari, Viral Patel and I collaborated with a vision to impact all of the processes in the solar lifecycle. We are delighted with the confidence that RIL has demonstrated in us with this investment. The SenseHawk team foresees strategic value in working with RIL, as one of the largest global infrastructure corporations, and look forward to this next phase in our growth," Swarup Mavanoor, SenseHawk CEO and Co-Founder.

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