Electric mobility startup Yulu today raised $82 million (₹653 crore) in a Series B funding round, led by mobility technology company, Magna International. Bajaj Auto, who is an existing investor, also participated in the round.
The latest funding round is led by US-based Magna International Inc., with existing investors including Bajaj Auto Limited also participating in the round Will form a new entity with Magna to create India’s leading Battery Swapping (Battery-as-a-Service) platform with an interoperable battery system to accelerate electrification of mobility Will strengthen its leadership by scaling up its fleet and battery swapping network capacity by 10X each in the next 12 months by deepening its presence in existing cities and starting its service in additional cities.
Chennai-based space tech startup Agnikul said it has been awarded an Indian patent for the design and manufacturing of its single-piece rocket engine Agnilet.
Agnikul Cosmos, one of India’s private space startups, has secured its first patent for the design and manufacturing of its 3D printed rocket engine.
Chennai-headquartered space technology start-up Agnikul Cosmos on Wednesday said the Government of India has awarded it the patent for the design and manufacturing of single-piece rocket engines.
PolygonLEAP, a global Web3 accelerator program launched by Polygon, leading Web3 unicorn and Lumos Labs, Web3 innovation enabler, announced its top 6 finalist projects, Airchains, respct.club , Deefy, Spheron, Zoksh, and Zippy Fitness, that stand to gain from a grant pool of $250,000, today.
GroMo, a fintech platform for distribution of financial products in tier 2-and-beyond cities, has raised $11 million in equities from a clutch of investors led by SIG Venture Capital, the Asian venture capital arm of SIG, a global proprietary trading and private equity investment firm.
The Gurugram-based startup will use the capital to strengthen its technology and business teams, onboard new financial institutions, and reach 15,000+ pin codes in India.
Gurugram-based fintech product distribution platform GroMo has raised $11 Mn in a Series A round of funding led by SIG Venture Capital.