Indi Energy receives seed fund from Mumbai Angels

16 Jul 2021 CW Team

Energy storage start-up, Indi Energy has raised seed fund from Mumbai Angels Network, a start-up investment platform for early-stage venture investment.

The funding will be used to improve its research and development activities and scale up its proprietary sodium-ion battery technology, said Indi Energy.

The start-up company claims to have achieved a breakthrough in sodium-ion batteries, with its energy density three to four times higher than commercialised lead-acid batteries. A patent is filed for its sodium-ion batteries by the company.

The negative electrode of the sodium-ion battery is formed from materials like cattle manure and paddy straw, which would further resolve the issue of burning rice or paddy straws and convert them into a valuable energy source.

The company intends to produce energy storage technologies such as lithium-ion and sodium-ion batteries, supercapacitors, and solid-state batteries. It also envisions producing high-performance battery technology for various applications.

Co-Founder and Chief Executive Officer (CEO) of Indi Energy, Akash Soni, told the media that the company’s goal is to produce low-cost, safe, and high-performance sodium-ion batteries manufactured from agricultural waste and bio waste from the earth. Further, reducing the company's dependence on scarce elements such as lithium, cobalt, and nickel.

Co-Founder and CEO, Mumbai Angels Network, Nandini Mansinghka, told the media that this funding will help Indi Energy to improve its operations and ramp up infrastructure to stimulate growth.

Image Source

Also read: ION Energy raises $3.6 million from Amazon's Climate Pledge Fund

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..