+
Indi Energy receives seed fund from Mumbai Angels
POWER & RENEWABLE ENERGY

Indi Energy receives seed fund from Mumbai Angels

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

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

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?