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Clean Electric raises $6 million in funding from Info Edge Ventures, others

Economic TimesEconomic Times · 11m ago
Clean Electric raises $6 million in funding from Info Edge Ventures, others
Medial

Clean Electric, a company specializing in fast-charging battery technology for electric vehicles and grid battery solutions, has secured $6 million in a funding round led by Info Edge Ventures, Pi Ventures, and Kalaari Capital. The funds will be used for research and development, expanding sales and operational teams, and developing new products focused on faster charging and renewable energy storage. Clean Electric's proprietary rapid charging technology can fully charge electric vehicles in under 12 minutes, addressing convenience and cost challenges in the adoption of electric vehicles. The company aims to extend its technology to electric four-wheelers and commercial vehicles in the next 12 to 18 months.

Vimano raises Rs 25 Cr in seed round led by Ankur Capital

EntrackrEntrackr · 4m ago
Vimano raises Rs 25 Cr in seed round led by Ankur Capital
Medial

Vimano raises Rs 25 Cr in seed round led by Ankur Capital Nanotechnology startup Vimano has raised Rs 25 crore (around $3 million) in its seed round led by Ankur Capital. This is the first investment from Ankur Capital’s new third fund. The proceeds will be used to help them grow their team, start pilot projects, and set up manufacturing. Started in 2019 by Murari Ramkumar and Dr. Nagesh Kini, Vimano makes special membranes used in energy systems like redox flow batteries, fuel cells, and green hydrogen production. These membranes help store and use energy more efficiently. Its technology aims to reduce the cost of green hydrogen and make long-term energy storage cheaper. Vimano works on clean energy problems by making special materials that help electricity flow better. Its membrane technology can be changed to fit different uses, making it more useful and powerful. These membranes also waste less energy and last longer than many others available today. The startup is working with partners in the energy space to test and use its tech in real-world projects. According to Vimano, it aspires to speed up the shift to green energy and support industries looking for better ways to store and use clean power. In August last year, Ankur Capital had received commitments from two of its existing Limited Partners into its third fund. Since its inception, the VC firm has been backing deep technology innovations companies such as Captain Fresh, String Bio, Vegrow, Offgrid Energy Lab, BigHaat, Cropin, and Niramai.

Clean-tech startup HYLENR raises $3 Mn in pre-Series A round

EntrackrEntrackr · 23d ago
Clean-tech startup HYLENR raises $3 Mn in pre-Series A round
Medial

Clean-tech startup HYLENR raises $3 Mn in pre-Series A round HYLENR, a clean energy startup harnessing patented Low Energy Nuclear Reactions (LENR) to develop scalable, carbon-free heat energy systems for industrial heat and power, has raised $3 million in pre-Series A funding round co-led by Valour Capital and Gyan Vardhan. Clean energy startup HYLENR has raised $3 million in a pre-Series A funding round co-led by Valour Capital and Chhattisgarh Investments Limited, with participation from other investors such as Karthik Sundar Iyer and Anant Sarda. The proceeds will be used to enable it to fast-track from pilot to market launch and signaling growing investor confidence in LENR as a viable alternative to fossil fuels, HYLENR said in a press release. Launched in 2024, HYLENR Technologies is a next-generation energy startup, and its proprietary LENR-based hybrid heat systems aim to revolutionize thermal energy generation across industries such as manufacturing, oil & gas, district heating, and clean water desalination. According to the company, LENR is now protected by two patents, one for the product architecture, and another for the underlying process innovation. “Our recent lab results show unprecedented energy gain ratios, and this round gives us the momentum to focus on our product roadmap. We have begun early proof-of-concept tests, with several government bodies and large corporations showing interest in our LENR systems. The next phase will focus on scaling manufacturing and expanding globally,” said Siddhartha Durairajan, chairman and managing director of HYLENR. HYLENR says that its pilot projects are already underway with leading government institutions and industrial players, aimed at replacing conventional fossil-based systems with sustainable, next-generation alternatives. The company’s product pipeline includes products ranging from 7.2KW for domestic consumption all the way to 1MW for large-scale industrial applications.

Essar to invest Rs 30,000 cr in green hydrogen plant in Gujarat

YourStoryYourStory · 1y ago
Essar to invest Rs 30,000 cr in green hydrogen plant in Gujarat
Medial

The Essar Group is set to invest Rs 30,000 crore in a green hydrogen plant in Gujarat, as it aims to become a leader in clean energy. The conglomerate is also looking to decarbonize its UK oil refinery and develop a green steel plant in Saudi Arabia. Additionally, Essar plans to enter the mining of critical minerals for use in electric vehicle batteries and renewable energy. The company aims to generate 1 gigawatt of hydrogen capacity and 1 million tonnes of green molecules per year over the next four years. The investment will be used for producing green molecules for export rather than green ammonia. Essar is also expanding its coal-based electricity generation and building a renewable energy platform. Furthermore, the group is working on a liquefied natural gas (LNG) and electric ecosystem for heavy trucks to contribute to a cleaner transportation sector. It currently has a fleet of LNG-powered and electric trucks.

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