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

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement