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Funding · Climate, Energy & Sustainability

Minimac Systems raises ₹30 crore from Rainmatter

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Date
Company
Minimac Systems
What it does
Industrial lubricant lifecycle management
Kind
Funding
Amount
₹30 Cr
Stage
pre-series a
Based in
Pune
Founded
2012
Sector
Climate, Energy & Sustainability

What they do

Minimac Systems provides industrial lubricant management, including on-site filtration, fluid analytics, and circularity solutions for large manufacturing…

What happened

The company raised ₹30 crore in a pre-Series A round led by Rainmatter to scale its technology and Recycling on Wheels service

Why it matters

This funding supports the company's goal to reduce industrial dependence on fresh oil and abate 860 gigagrams of carbon emissions by 2034

The details

  • Industrial deep-tech company Minimac Systems raised ₹30 crore in a pre-Series A funding round.
  • The round was led by Rainmatter, the investment firm backed by Zerodha, with participation from other venture capital firms.
  • The company will use the capital to advance research and development in miniaturised treatment infrastructure, fleet automation, and fluid analytics.
  • Minimac plans to scale its Recycling on Wheels model by establishing regional hubs across major industrial clusters in India.
  • The funding will also support the company’s transition toward a Lubricants as a Service model that links contracts to equipment uptime and fluid health.

The bigger picture

  • India is the world's third-largest lubricant market, consuming over 5 million tonnes of lubricants and greases annually.
  • The country imports more than 60% of its base-oil requirement, leading to an annual import bill exceeding $2.7 billion.
  • Minimac aims to help industrial clients reduce their reliance on fresh oil by extending the useful life of lubricants through on-site treatment.

About the business

  • Minimac provides lubricant lifecycle management to industrial customers including NTPC, Adani Power, JSW Steel, and Tata Steel.
  • The company operates a Recycling on Wheels model, using mobile units to purify and restore lubricants directly at industrial sites.
  • Its platform is divided into three stages: NanoCircularity (in-service monitoring), MicroCircularity (on-site restoration), and MacroCircularity (off-site re-refining).
  • Minimac claims to have deployed over 2,500 miniaturised fluid-treatment systems with a total processing capacity of over 300,000 litres per minute.
  • The company has worked across more than 2,200 industrial assets and kept over 14 million litres of lubricant in productive use.

What happens next

  • Expand the Recycling on Wheels network through regional hubs.
  • Develop Lubricants as a Service offerings.
  • Build capabilities for international market expansion.

The deal

Type
funding

Founders

  • Anshuman Agrawal, Founder
  • Harshit Agrawal, Co-Founder

About Minimac Systems

Product
Miniaturised fluid-treatment systems, mobile on-site lubricant restoration service
Customers
Industrial plants and manufacturers seeking lubricant efficiency and sustainability
How it makes money
Recycling on Wheels mobile service and Lubricants as a Service model
What sets it apart
Extends lubricant life, reduces fresh oil dependency and environmental impact

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