Reset Company, which develops key technologies for recovering recycled materials for unmanned solar panel cleaning robots and waste solar power, announced on the 17th that it has attracted 1.3 billion won worth of investment in the pre-series A round.
Series Ventures, Gyeongnam Creative Economy Innovation Center, Lighthouse Combine Invest, Hana Financial Group, and Korea Social Investment participated in the investment round.
Due to heavy snow or air pollution caused by climate change, the power generation revenue of solar panels has decreased by up to 35%, causing frequent efficiency reduction problems. In order to overcome these problems, ‘Reset Company’ established a plan to increase power generation by 10-20% through unmanned cleaning robots.
The “Solar Panel Unmanned Cleaning Robot” has high competitiveness by detecting climate change through rainfall and snowfall sensors and removing 99% of pollution through the industry’s first unmanned snow removal technology and cleaning technology using eco-friendly rainwater. As of August, 200 units were sold through exports to Korea and Japan, and by 2023, it aims to sell about 500 units by increasing its price competitiveness through mass production of core parts and global expansion.
In addition, Reset Company is also developing recycling equipment that automatically separates solar panels that are discarded after power generation. At a time when solar panels have a lifespan of 20 to 30 years, 20,000 tons of waste are discharged by 25 years and 50,000 tons by 30 years, measures for waste solar waste are essential.
Waste panels are largely recycled through three stages: separation of waste panels, recovery of parts, and recovery of materials. The company is promoting an eco-friendly recycling project called the Solar Resource Circulation Factory based on the technological differentiation of the high-purity reinforced glass separation technique and air pollution caused by the existing heating method, such as extraction of non-heating laser-based valuable metal materials.
Kwak Sung-wook, CEO of Series Ventures, said, “The ability of CEO who has experience in research and development of solar energy efficiency systems stood out. We expect continuous growth and leadership in the changing solar market.”
Jeong Seong-dae, CEO of Reset Company, said, “We are planning to build a waste solar panel resource circulation factory 1 with local governments such as Jeolla-do and Gyeongsang-do, and we are planning to build a resource circulation factory overseas through ESG projects.”