International Battery Company charges ahead with a $35 million boost in a pre-Series A funding round led by RTP Global. This Delaware-based startup, founded by Priyadarshi Panda in 2022, specializes in developing lithium-ion battery cells, targeting the EV market in India. With India striving for a 30% electrification of its four-wheeler base by 2030, the demand for EV batteries is soaring. Currently, India relies on imported EV batteries, primarily from China, raising concerns about safety and sustainability. #InternationalBatteryCompany aims to address these issues by manufacturing its large-sized rechargeable Prismatic Li-ion Nickel Manganese Cobalt (NMC) batteries. The startup's batteries are specifically designed for the Indian market, considering local conditions, safety, and wear and tear. With a recent certification from India's Bureau of Indian Standards, the startup plans to cater to the growing EV market. The pre-Series A funding will propel International Battery Company toward its ambitious plans, including the development of a 10GWh facility in Bengaluru by 2028. As the company sets its sights on a Series A round of $70 million, it aims to contribute significantly to India's EV ecosystem, fostering a sustainable and efficient future. #EVRevolution #SustainableEnergy #BatteryTech #GreenMobility
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Here is a list of the 12 largest Indian EV start-ups by capital raised according to Inc42 Media. Indian EV startups have garnered over $2.8 billion in funding since 2015, primarily led by OEMs. However, recent data from indicates a notable shift, with non-OEMs securing over 41% of deals in 2023. The Indian EV sector has raised $850 million through 37 deals since Jan 2023. Investors cite prolonged gestation periods, intensifying competition, and substantial capital requirements for the waning interest in funding EV manufacturers. Attention is now turning towards specific industry sub-segments, including EV financing, charging infrastructure, and battery technology. While major OEMs like Ola Electric, Ather Energy, and River have raised over $530 million cumulatively in the last year, investments in non-OEM players are gaining traction. Notable funding rounds include EV battery startup Log9 Materials $40 million Series B and Magenta Mobility $22 million Series A. This shift underscores a growing focus on elements within the EV ecosystem beyond vehicle manufacturing. *Note numbers in graphic do not match text due to funding rounds occurring since the original graphic was published in 2023. Which Indian EV startups are you most excited about? Source: https://lnkd.in/gFgXhtbW #EV #batteries #India
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How ‘charged up’ are #startups on #EV? We recently covered the vast potential and rapidly growing #EV industry in India. Jesse Atlas beautifully covers this by highlighting the funding available to the top #Indian startups in this arena. When one speaks of #EV they consider #OEMs primarily but often ignored are other segments like Mobility as a Service and Battery Tech! While Ola Electric spearheaded by Bhavish Aggarwal, BluSmart founded by Punit K Goyal, and Zypp Electric co-founded by Rashi Agarwal and Akash Gupta have become household names, many other startups in #India have rapidly scaled over the last year. Jesse gives us insights into: 1️⃣ Ather Energy founded in 2013 2️⃣ Bounce Infinity founded in 2014 3️⃣ Smartron founded in 2014 4️⃣ Euler Motors founded in 2018 5️⃣ Log9 Materials founded 2015 6️⃣ Magenta Mobility founded in 2018 7️⃣ Ultraviolette Automotive founded in 2016 8️⃣ LOHUM founded in 2017 9️⃣ Exponent Energy founded in 2020 We will cover some of their stories in the days to come and will keep you updated on the latest in India on EV and other sectors. #Followus for insights on more companies #GoingBigOnIndia! Tarun Mehta Swapnil Jain Mahesh Lingareddy Saurav Kumar Akshay Singhal Kartik Hajela Narayan Subramaniam Niraj Rajmohan Rajat Verma Arun Vinayak Sanjay Byalal Jagannath Nitish Arora Going Big On India
Indian EV startups have raised over $2.8 billion in funding since 2015, primarily led by OEMs. However, recent data indicates a notable shift, with non-OEMs securing over 41% of deals in 2023. The Indian EV sector has raised $850 million through 37 deals since Jan 2023. Investors cite prolonged gestation periods, intensifying competition, and substantial capital requirements for the waning interest in funding EV manufacturers. Industry sub-segments are hot, including EV financing, charging infrastructure, and battery technology; many have better unit economics than 2W manufacturers. While major OEMs like Ola Electric, Ather Energy, and River have raised over $530 million cumulatively in the last year, investments in non-OEM players are gaining traction. Notable funding rounds include EV battery startup Log9 Materials $40 million Series B and Magenta Mobility $22 million Series A. This shift underscores a growing focus on elements within the EV ecosystem beyond vehicle manufacturing. Here is a list of the 12 largest Indian EV start-ups by capital raised according to Inc42 Media. *Note numbers in graphic do not match text due to funding rounds occurring since the original graphic was published in 2023. Source: Inc42 - https://lnkd.in/gFgXhtbW #EV #India #e2w
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I lead teams and organisations in full-time as well as in consulting roles to design breakthrough software👌 while also solving 'wicked' business problems. XGoogle, XAdobe. Former Apple Consultant. TEDx speaker
EV for EVeryone is the imminent future in India. Is the narrative around ecology, global petro-politics, economics, or vanity? Lithium and cobalt mining as well as lithium battery after-life disposal are yet to be tackled effectively. Add to it assessing how much is the electricity in the charger from coal-burning versus clean energy. So I guess in India it is about vanity, then economics for the consumer, and then global petro-politics. Hydrogen cars is what I’m looking forward to next. That made in India aluminium battery is cool too
Indian EV startups have raised over $2.8 billion in funding since 2015, primarily led by OEMs. However, recent data indicates a notable shift, with non-OEMs securing over 41% of deals in 2023. The Indian EV sector has raised $850 million through 37 deals since Jan 2023. Investors cite prolonged gestation periods, intensifying competition, and substantial capital requirements for the waning interest in funding EV manufacturers. Industry sub-segments are hot, including EV financing, charging infrastructure, and battery technology; many have better unit economics than 2W manufacturers. While major OEMs like Ola Electric, Ather Energy, and River have raised over $530 million cumulatively in the last year, investments in non-OEM players are gaining traction. Notable funding rounds include EV battery startup Log9 Materials $40 million Series B and Magenta Mobility $22 million Series A. This shift underscores a growing focus on elements within the EV ecosystem beyond vehicle manufacturing. Here is a list of the 12 largest Indian EV start-ups by capital raised according to Inc42 Media. *Note numbers in graphic do not match text due to funding rounds occurring since the original graphic was published in 2023. Source: Inc42 - https://lnkd.in/gFgXhtbW #EV #India #e2w
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India's shift towards electric vehicles is leading to an ever-increasing demand for EV charging stations. Over the next few years, traditional Internal Combustion Engine vehicles will be substituted with greener, cleaner alternatives powered by electricity. The future outlook suggests 30% adoption rate for passenger cars and 70% for commercial vehicles by 2030. Likewise, two and three-wheelers would enjoy an 80% electric vehicle. The government is also offering incentives and subsidies for setting up EV Charging Stations. The associated costs of installing these stations are quite affordable, while the profits collected from EV infrastructure only continue to increase over time. To know more about EV Charging Business, connect with IID today. https://lnkd.in/d3mmDwMP Follow the Institute For Industrial Development channel on WhatsApp: https://lnkd.in/gs338nzH . . . #IID #iid #entrepreneur #startup #business #startupindia #businessideas #incubator #iidincubator #incubatorprogram #incubators #missionskilledentrepreneurship #evchargingstations #electricvehicles #greentransportation #cleanenergy #futureofmobility #evadoption #sustainabletransport #evrevolution #governmentincentives #electriccars #evinfra #evcharging #cleanerfuture #climateactionnow #evindustrygrowth
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Empowering Enterprises with Generative AI !
From faster EV charging to smarter manufacturing, the MeitY- nasscom Center of Excellence is turning deep tech dreams into real-world impact. See how this initiative is empowering Indian startups to solve global challenges and build a brighter tomorrow. #TechWithPurpose #MakingADifference #IndiaOnward Debjani Ghosh Sanjeev Malhotra Ameen Khan Flextron Shubham Jain 🐰 Keploy 🐰 Rajesh Kamra Newron Nikhil Rishi BioSarthi Ramya Yellapragada Marbles Health raman saluja Oriental Engineering Works Pvt. Ltd. Sudhanshu Mittal Navratan Katariya
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Empowering Enterprises with generative AI !
From faster EV charging to smarter manufacturing, the MeitY- nasscom Center of Excellence is turning deep tech dreams into real-world impact. See how this initiative is empowering Indian startups to solve global challenges and build a brighter tomorrow. #TechWithPurpose #MakingADifference #IndiaOnward Debjani Ghosh Sanjeev Malhotra Ameen Khan Flextron Shubham Jain 🐰 Keploy 🐰 Rajesh Kamra Newron Nikhil Rishi BioSarthi Ramya Yellapragada Marbles Health raman saluja Oriental Engineering Works Pvt. Ltd. Sudhanshu Mittal Navratan Katariya
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Temperature control is crucial in automobile manufacturing units and a number of temperature ranges and equipment are used in the process. Along with being synced with the technical aspects, environmental updates also need to be taken care of. With Vaayu Advantage, you get a host of benefits. Know more ways to grab these advantages? Connect with us today! #Vaayu #hybridahu #AHU #hvac #HVAC #business #technology #innovation #startup #entrepreneurship #india #socialmediamarketing #follow #media #aircoolers #airconditioners #greenenergy #zerocarbon #electronics #businessowners #performance #vaayuindia #vaayuchiller #AtmanirbharBharat #startupindiastandupindia
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Indian EV startups have attracted $2.6 billion in funding since 2015, primarily led by OEMs. However, recent data from Inc42 Media indicates a notable shift, with non-OEMs securing over 41% of deals in 2023. The Indian EV sector raised $780 million through 35 deals last year. Investors cite reasons such as prolonged gestation periods, intensifying competition, and substantial capital requirements for the waning interest in funding EV manufacturers. In contrast, attention is now turning towards specific industry sub-segments, including EV financing, charging infrastructure, and battery technology. While major OEMs like Ola Electric and Ather Energy raised over $490 million by mid-November 2023, investments in non-OEM players are gaining traction. Notable funding rounds include EV battery startup Log9 Materials $40 million and Magenta Mobility $22 million Series A round. This shift underscores a growing focus on diverse elements within the EV ecosystem beyond traditional vehicle manufacturing. #India #olaelectric #aetherenergy #twowheels #batteries #emobility #evcharging #E2W #fame #batteryswapping
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India's EV industry is at a crucial juncture. New study recommends key policy changes to boost innovation, support startups, and accelerate EV adoption. From PLI schemes to battery recycling, these suggestions could shape the future of electric mobility in India. Read more -https://lnkd.in/g2XAm2Bk #electricvehicles #Policy
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Pneucons, a B2B industrial marketplace startup, has just secured pre-series funding led by none other than Tarun Mehta, co-founder & CEO of Ather Energy, along with other notable investors. This funding round, driven entirely by social media engagement, marks a significant milestone for the company. Founded in 2022 by Pritesh Lakhani, Pneucons is revolutionizing the industrial sector with an ONDC Official-like infrastructure, addressing critical challenges such as credit defaults, opaque pricing, and the availability of genuine quality products. The startup already boasts a presence in over 42 countries with 7,000 buyers and 70 sellers, all acquired through word of mouth! The fresh funds will be used to expand the team and enhance cross-border transactions across major engineering categories, including fire safety, pneumatics, hydraulics, industrial automation, plastic and packaging, electric cables and products, and power tools. Pneucons' impressive clientele includes Indian Railways, Indian Oil, L&T Sufin, Telangana Power Plant, and ISRO, among others. This startup is not only fostering international trade but also enabling sellers from tier II and III cities to export and import industrial equipment directly. Stay tuned for more updates as Pneucons continues to grow and transform the industrial marketplace! Read More: https://lnkd.in/g4aWm_Hi #Pneucons #PreSeriesFunding #IndustrialMarketplace #B2B #TarunMehta #AtherEnergy #SMEs #MSMEs #Innovation #Engineering #Startups #GlobalTrade #IndustrialAutomation #InvestmentNews #BusinessGrowth
