Revolutionizing Thermal Energy with Big Dish Technology
Mantraa Partners is a leading venture capital firm known for its expertise in identifying and nurturing innovative technologies. In 2018, they came across a game-changing patented technology in thermal energy known as “Big Dish Technology” with immense potential for combating climate change. Recognizing its significance, Mantraa Partners decided to back the visionary team behind this groundbreaking idea.
The Idea: Big Dish Technology
In 2018, the founders of the company had a revolutionary idea called “Big Dish Technology.” It aimed to address the growing concerns of climate change by harnessing thermal energy efficiently. The technology consisted of colossal solar dishes that could focus sunlight onto a central receiver, generating high temperatures to produce steam and power turbines, thus generating clean energy. This technology had the potential to revolutionize the renewable energy landscape, offering a sustainable and eco-friendly alternative to traditional energy sources.
Change Strategy and Market Study
Recognizing the transformative potential of Big Dish Technology, Mantraa Partners offered their assistance in shaping the change strategy and conducting a comprehensive market study. By evaluating potential use cases, competitive landscapes, and market demands, they identified the technology’s viability and strategic fit.
Fundraising and Growth: 2018-2021
In 2019, Mantraa Partners played a crucial role in preparing a compelling pitch deck and conducting roadshows to attract investors. The goal was to secure funding for the development and commercialization of Big Dish Technology. Their strategic advisory support and PR expertise played a pivotal role in gaining investor confidence, leading to a successful pre-seed round of US dollar 1.5 million at a valuation of US dollar 10 million in 2020-2021.
Bridge Round and Customer Acquisition: 2022-2023
In 2022, Mantraa Partners assisted the company in raising a bridge round of US dollar 1 million at a valuation of US dollar 15 million. They supported the company in evaluating potential customers, leading to the acquisition of significant orders, including a confirmed order of US dollar 3-5 million and a promising pipeline of US dollar 35 million worth of orders.
Preparation for Pre Series A Round: 2023
With the company gaining traction and solidifying its position in the market, Mantraa Partners is currently helping them prepare for a pre-Series A round. The goal is to raise US dollar 2-3 million at a valuation of US dollar 20 million. Their ongoing mentorship, roadshow support, and strategic advice have been instrumental in driving the company’s growth.
Impact and Future Prospects
Thanks to the continuous support and guidance from Mantraa Partners, Big Dish Technology has rapidly transformed from a visionary idea to a market-disruptive reality. Its sustainable and clean energy solutions are now positioned to make a significant impact on combating climate change while catering to the world’s increasing energy demands. As the technology gains momentum and secures additional funding, it is poised to drive positive change and reshape the global energy landscape.
The success story of Big Dish Technology is a testament to the power of visionary ideas backed by strategic partners like Mantraa Partners. Together, they have charted an impressive growth trajectory, and their ongoing partnership ensures a bright and sustainable future for the world, combating climate change, and revolutionizing the energy sector.