Reliance Industries Limited (RIL) is set to acquire a majority stake in SenseHawk through an investment of $32M USD; subject to certain regulatory and customary closing conditions.
The investment will be used towards future growth, commercial rollout of products, and R&D. RIL plans to use the SenseHawk Solar Digitization Platform (SDP) to roll out its plan to develop 100 GW of solar assets by 2030.