Peppermint Robotics has raised Rs 100 crore, about $10.5 million, in a pre-Series B funding round led by pi Ventures and Crane Venture Partners, with Asiana Fund also taking part. The Pune and Austin based company builds autonomous robots that clean commercial floors and move materials inside industrial facilities.
The round combines fresh primary capital with secondary share transactions, and the company has not disclosed the split between the two parts. Founder and chief executive Runal Dahiwade has said that most of the round is primary capital, so the larger share of the money will go into the business itself rather than to selling shareholders.
Cleaning teams keep hospitals, factories and airports running. Our robots work alongside them and take on the most repetitive, physically demanding jobs, like floor scrubbing and specialty material transportation.
Dahiwade founded Peppermint in 2019 with Miraj C Vora and Nityanand Prabhutendolkar, after starting work at SINE, the IIT Bombay incubator. The company now operates in nine countries across Asia, North America and Europe, up from six countries at the time of its Series A round.
Where the new money will go
Peppermint has set out five uses for the primary capital, and each one points to scale rather than a single new product. The money will fund research and engineering, manufacturing expansion, North American operations, entry into new markets, and hiring for senior leadership and engineering roles.
A North American assembly line is planned in the coming months, alongside the existing Pune facility where the company assembles its robots. That move matters because the United States is now Peppermint’s largest market, ahead of India and western Europe, so building closer to its biggest customers should shorten delivery and service times.
The company also plans to expand its range of autonomous floor cleaning and material handling robots, and to continue work on its next generation CR line of cleanroom robots. Cleanrooms demand far tighter control of dust and contamination than ordinary factory floors, so that robot is a harder technical test than a standard scrubber.
The robots already at work
Peppermint’s current range includes the SD45 and SD20 floor scrubbers, the VC20 industrial vacuum, the MOP20 mopping robot, the SD20 CR cleanroom scrubber, and an autonomous mobile robot for moving materials. Its robots work in factories, hospitals, airports, malls, warehouses, hotels and universities, where large floors must be cleaned to a consistent standard every day.
The flagship SD45 is a fully autonomous scrubber dryer built for large commercial and industrial spaces, with a powerful suction system and autonomous navigation. Peppermint says the robot can run for up to eight hours on a charge, and its company case studies describe deployments where two robots replaced four manual machines across a large facility.
All of the hardware, software and perception systems are developed in house, and the robots run on the company’s own Peppermint OS. Computer vision and LiDAR map each space, plan cleaning routes and avoid obstacles, while a cloud dashboard lets customers monitor the fleet in real time and track maintenance needs.
The company says more than 200 facilities now run Peppermint robots. That installed base is the real asset behind this round, because it gives the company live operating data, repeat customers and service relationships in nine countries before it spends the new capital on expansion.
A Pune start with a global order book
This round follows a Rs 34 crore Series A round in April 2025, and it takes Peppermint’s total funding to Rs 150 crore. The jump from Rs 34 crore to Rs 100 crore in about 19 months shows how quickly investor appetite for proven industrial robotics has grown, even while early stage funding has stayed selective.
The company reported that its revenue nearly doubled in the last financial year and grew nearly sixfold between FY24 and FY26. Those figures have not been broken down into absolute revenue numbers, so treat them as a growth direction rather than a precise financial picture.
Earlier backers include Indian Angel Network, Venture Catalysts, Voxtur Ventures, NKK Group and SINE. The new round adds two lead investors with deep technology experience, and that combination of early Indian angels and global deep tech funds fits a company that now sells in both India and the United States.
Why Crane is backing Indian robotics twice in two days
Crane Venture Partners also led the Rs 67.28 crore seed round for Armatrix, the snake like industrial robot maker, which KeeVurds covered on 3 November. The two bets are different in kind, since Armatrix inspects hazardous and confined spaces while Peppermint cleans the floors people walk on every day.
Together, they show where serious robotics capital is going in India right now. Investors are backing machines that do a specific physical job inside a real facility, with safety, service and repeatability built in, rather than robots built mainly for demonstration. Peppermint’s cleanroom work and its North American assembly plan fit that same test.
