Forge Innovation & Ventures’ Post

#TodayUpdates: 1. EV startup Simple Energy raises $20M in Series A funding round 2. Trading Platform Dhan’s Parent Eyes Unicorn Tag With $100 Mn Funding 3. Noida's Gruner Renewable Energy raises $60M to enhance sustainable biogas solutions 4. BluPine Energy bags Rs 239 Cr from Tata Capital 5. FirstCry.com (BrainBees Solutions Ltd.) set to file final papers for $3-3.5 billion IPO 6. Ather Energy raises Rs 60 Cr in debt from InnoVen Capital India 7. M2P Fintech to raise $80 Mn at $900 Mn valuation, reports Entrackr 8. MapMyIndia accuses Ola Electric of copying data; sends legal notice 9. Moxie Beauty raises Rs 17.3 Cr led by Fireside Ventures 10. Apollo Tyres Ltd shuts down car service platform Trumigo within 6 months, reports Entrackr 11. Ola Electric sets price band of Rs 72-76 per share for IPO 12. Edutainment startup EMoMee raises $1 Mn in pre-seed funding 13. Toystack.ai raises $325K in pre-seed round 14. InsuranceDekho secures composite broking license 15. SaveDesk Picks Up 90% Stake In Fairexpay.com To Strengthen Its Fintech Play 16. Sportstech Startup Game Theory Ropes In Chief Badminton Coach Pullela Gopichand, Others As Investors 17. AI firm C5i acquires marketing analytics firm Analytic Edge

GUVNL’s Start-up Policy Gujarat Urja Vikas Nigam Ltd. (GUVNL) is committed to nurturing innovations and startups in the energy sector. The GUVNL board has decided to provide work orders without tender up to Rs. 25 lakhs to promising start-ups and innovative projects. This financial backing encourages young entrepreneurs and innovators to develop new technologies and solutions to enhance the energy sector’s efficiency, sustainability, and overall performance. Objective and Expected Outcomes The primary objective of this initiative is to create a vibrant startup ecosystem that encourages innovation and technological advancement in the energy sector. By supporting startups and innovative projects, GUVNL aims to: • Foster a culture of innovation and entrepreneurship in the energy sector. • Develop new technologies and solutions that can improve energy efficiency and sustainability. • Support young entrepreneurs in bringing their innovative ideas to fruition. This marks a significant step towards building a robust startup ecosystem in the energy sector. The initiative aims to nurture innovation and ensure that the workforce is well-equipped to meet future challenges and opportunities. Through these efforts, GUVNL is committed to driving the energy sector towards a more sustainable and efficient future. Contact points for GUVNL's Startup Support i-hub, GETRI, GPRD Cell, C-NET i-Hub Gujarat Green Energy Transition Research Institute (GETRI) #StartupSupport #EnergyInnovation #EnergySector #EnergyTransition #GreenEnergy #EnergyEfficiency #EnergyPolicy #Innovation #Entrepreneurs

Ecozen, the Pune-based climate-focused deep-tech startup, has just secured a remarkable $30 million in funding! This funding round includes a mix of debt and equity from Nuveen Global Fund, alongside other existing equity investors, as well as new debt support from InCred Capital Credit Fund and the International Development Finance Corporation (IDFC). This funding marks a significant milestone for Ecozen, which has now raised $70 million across debt and equity. The company plans to utilize this capital to expand its current offerings and extend its market reach to Africa and Southeast Asia. Ecozen provides climate-smart deep tech solutions, leveraging core technology stacks such as motor controls, IoT, and energy storage powered by solar energy. Its innovative products, Ecotron and Ecofrost, have seen remarkable growth, with the company claiming a 5X increase in the last two years and profits growing 3X during the same period. With this latest funding, Ecozen aims to double its revenue in the current fiscal year and enter new market segments, including milling, mobility, retail, and industry. The company's solutions have already made significant strides in decarbonizing sectors like agriculture, and now they're poised to make an even more substantial impact. Ecozen faces competition from other players in the deep tech space, such as PowerFlex, Inficold, and Khetworks. Still, its innovative approach and strong financial backing are well-positioned for continued success. Stay tuned for more updates as Ecozen continues its global mission to drive sustainable innovation! Read More: https://lnkd.in/gZxAJtBW  Vivek Pandey Co-Founder | Prateek Singhal CTO | Devendra Gupta Co-Founder & CEO #Ecozen #Deeptech #ClimateInnovation #FundingNews #SustainableFutur

9N - Why Invest in Deep-Tech Recycling of Waste into High-Value Graphene? Investing in 9N’s deep-tech recycling technology goes beyond the clear #ClimateChange benefits. By transforming waste into #Reusable and #Sustainable graphene, 9N unlocks potential in high-demand sectors like construction, electronics, and energy storage. The global shift toward #Sustainability and #CircularEconomy positions graphene as a crucial material of the future. With reduced production costs and wide industry adoption, investment today supports #AdvancedMaterials that will shape a more resilient and profitable tomorrow. 9N www.t-9n.com #innovation 👈 #recycling 👈 #wastetowealth #Graphene #technology 👈 #future #entrepreneurship #markets #startups #deeptech #biotech #seedround #UK #London #venturecapital #business #Science #VentureCapital #VCFunding #SeedInvestment #AngelInvestors #TechInnovation #TechStartups #DisruptiveInnovation #CircularEconomy #WasteManagement #ClimateTech #Sustainability #ClimateAction #EcoInnovation #GreenInvesting #ImpactInvesting #SustainableTech #RecyclingRevolution #CleanTech 👈 #AdvancedMaterials 👈 #TechForGood 👈

🌟 𝐒𝐭𝐚𝐫𝐭𝐮𝐩 𝐒𝐩𝐨𝐭𝐥𝐢𝐠𝐡𝐭: Feynman Energy 🌟 𝐅𝐞𝐲𝐧𝐦𝐚𝐧 𝐄𝐧𝐞𝐫𝐠𝐲, a Clean-tech startup incubated at 𝐓𝐈𝐃𝐄𝐒 𝐈𝐈𝐓 𝐑𝐨𝐨𝐫𝐤𝐞𝐞, making strides in the lithium battery supply chain. 🚀 𝐅𝐞𝐲𝐧𝐦𝐚𝐧 𝐄𝐧𝐞𝐫𝐠𝐲, is addressing the lithium battery supply chain challenges by producing high-performance iron-based cathodes for low-cost Li-ion batteries. By eliminating the use of #Nickel and #Cobalt, they are optimizing the supply chain and significantly reducing battery costs, making electric vehicles (#EVs) more affordable. ⚡🚗 In addition, Feynman Energy is committed to safeguarding intellectual property within India and streamlining the manufacturing process to reduce lab-to-production time. Their product focus is on iron-based cathodes, manufacturing scale-up, and supply chain expertise. 🛠️🔋 We are proud to support Feynman Energy as they drive innovation in the energy sector and contribute to a sustainable future. Stay tuned for more updates on their journey! 🌿 Indian Institute of Technology, Roorkee | CEO, TIDES IIT Roorkee | Startup India | Rahul Singh, Ph.D. | Arun Kumar Ph.D. | Pallavi N. #TIDESIITRoorkee #EnergyInnovation #StartupSpotlight #LithiumBatteries #SustainableFuture

We (Apeiro Energy) welcome this initiative and opportunity by Jai Prakash Shivahare, IAS Sir and Gujarat Urja Vikas Nigam Ltd. (GUVNL) team. Government-Startup partnership is very crucial for deeptech ecosystem to foster in our country especially for solution with high social and climate impact where the technology needs to be tested in public surroundings during the development period, but tender process and unavailability of technology specific public regulation make it difficult for R&D of such solutions. A fastract government pilot channel is a much needed solution, where the developer / startup can be granted permissions to test on ground while screening respective feasibility studies is headed by panel of sector specific experts working alongside the government departments. I'm happy that Jai Prakash sir and GUVNL team have initiated this and are among the firsts across India to build such a channel. Gujarat has always been the front runner in fostering innovations with high social and climate impact and this is another step in building that stature... iCreate | i-Hub Gujarat | Gujarat Urja Vikas Nigam Ltd. (GUVNL) | GEDA (Gujarat Energy Development Agency) #cleantechstartup #microgrids #deeptech #cleanenergy #gujarat #startupindia

An interesting & encouraging initiative by GUVNL of G.o.Guj. " Rs.25 Lakh work order without Tendor for innovators & startups" !!! This will help reduce the entry barrier for innovations & enterprise backed "For & Not for Profit" startups, as most of them are unable to meet the P.Q, #GFR, Finance, other guidelines of state and center "Business as usual is not there Usual buisness, per se". Be it,not having the required minimum turnover, not having 3-5 years of audited reports ( startups don't even have of one year sometimes), work experience of a similar nature, not having the required EMDs to deposit etc etc. Steps like these could really help initiatives in geratic condition like #Atal Innovation Missions ,#Startup incubators, #FPOs, Green Transition tech startups get the necessary leeway and government backed sanctity to pusre #Justtransition #Pathways. More such steps will be welcomed by the development sector emanating from other states/departments and from central ministries. #innovation #publicpolicy #istart #NGO #skill&livelihood #socialdevelopment #publicadministration. #SDG #sustainabledevelopment #CSR

Excited to share that I had the opportunity to present our innovative project, 'Thermal Incinerator to Reduce Room Temperature,' at the esteemed 'Young Idea Conclave,' organized by Kerala Startup Mission and TKM College of Engineering, Kollam. Grateful for the platform to showcase our groundbreaking ideas and looking forward to further collaborations in the realm of innovation! #YoungIdeas #Innovation #StartupMission #TKMEngineering #Kollam"

Exciting news! Nikhil Kamath, co-founder of Zerodha, has acquired a significant stake in Ather Energy from Sachin Bansal. This investment reinforces the potential of India's clean energy sector. #IndianStartups #AtherEnergy #InvestmentNews #NikhilKamath #SachinBansal Ather Energy is revolutionizing the EV market with its eco-friendly electric scooters. Kamath's investment demonstrates his belief in sustainable energy solutions. #CleanEnergy #Innovation #Sustainability Sachin Bansal's divestment hints at his diversification strategy, exploring avenues beyond his core industry. #Entrepreneurship #InvestmentStrategy Kamath's investment will propel Ather Energy's growth, fueling R&D efforts and expanding their market presence. #ScalingUp #TechnologicalAdvancements Collaboration between Kamath and Bansal paves the way for collaborative growth, innovation, and sustainability in India's startup ecosystem. #Partnership #VisionaryLeadership As the clean energy revolution gains momentum, Kamath's investment in Ather Energy inspires other investors and entrepreneurs to support sustainable solutions. #ElectricMobility #CarbonReduction The Kamath-Bansal deal heralds an aspirational environment for investors, innovators, and consumers in India's electric vehicle industry. #InvestInTheFuture #SustainableTransportation Exciting times lie ahead for India's startup ecosystem as collaborations like Kamath-Bansal contribute to the growth of visionary companies like Ather Energy. #FutureOfMobility #CollaborativeInnovation Stay tuned for more developments that shape India's electric vehicle industry. The future is bright, sustainable, and electric! #IndiaEVRevolution #CleanTransportation

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