Chennai: Mahindra Partners, the private equity division of the Mahindra Group, has launched TEQO, a technology driven asset care company that offers optimisation solutions for renewable energy customers in India and globally.
A release said Mahindra Partners currently manages the group’s cleantech division, including Mahindra Susten, a leading solar EPC company.
Mahindra TEQO enables renewable energy asset owners to maximise their returns by leveraging advanced technologies, including machine learning, artificial intelligence, IoT, big data, robotics, augmented reality and natural language processing.
“I am delighted to see the successful journey of TEQO over the last six years from a captive O&M department within Susten, into a business unit and now as an independent entity – TEQO. With digitalisation, sustainable technologies and customer centricity at its core, I am confident that TEQO will lead the way in the tech enabled renewable energy O&M space globally,” said managing partner, Mahindra Partners, Parag Shah.
The company aims to drive innovation as the industry demands smarter ways to maximise generation with a clear line of sight to hybrid solar, wind, storage and conventional energy portfolios, as it aims to reach a 20 GWp portfolio by 2022, with a significant global footprint, the release said.