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Deep-tech startup Vimag Labs raises $5 Mn led by Accel

EntrackrEntrackr · 10h ago
Deep-tech startup Vimag Labs raises $5 Mn led by Accel
Medial

Deep-tech startup Vimag Labs has raised $5 million in a funding round led by Accel along with participation from Chakra Growth Fund and Thinkuvate. The proceeds will be allocated to accelerate the commercialisation of its patented platform, the virtual magnet synchronous motor platform, and expand engineering and manufacturing capabilities, Vimag Labs said in a press release. Co-founded in Sept. 2025 by Manish Seth and Piyush Desai, Vimag Labs is a deep-tech startup developing innovative, magnet-free electric motor technology to reduce reliance on rare earth metals. It aims to provide high-efficiency electric motors (for EVs, industrial machines, HVAC) without using rare earth metals, addressing cost volatility and supply-chain constraints. According to the Bengaluru-based startup, its motors are largely software-defined. Using advanced electronics and control software, it generates magnetic fields inside the motor electronically. This allows it to get all the benefits of magnet-based motors without the drawbacks. The startup is currently focusing on two- and three-wheeler EVs for commercialisation. Industrial applications such as HVAC, refrigeration, and defence are other use cases for its motors. Vimag Labs said that its technology is undergoing real-world vehicle testing and is at technology readiness level (TRL) 7. It has already begun commercialising parts of its electronics stack and is working with multiple large original equipment manufacturers (OEMs) in India and overseas. For automakers, the solution is designed as a plug-and-play, drop-in system, requiring no major changes to existing manufacturing lines or vehicle platforms.

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Deeptech startup Acculi Labs raises $1.5 Mn

EntrackrEntrackr · 1y ago
Deeptech startup Acculi Labs raises $1.5 Mn
Medial

Acculi Labs, a deep-tech life growth solution provider, has raised $1.5 million in a new investment round at a valuation of $25 million led by Sabi Holding India Ltd. The Bengaluru-based company had earlier raised Rs 5 crore in a seed funding round led by PirE Ventures back in 2020. The fresh fund will be utilized to accelerate the development of its conscious AI insights systems, enhance its manpower, operational efficiency, infrastructure development, Acculi Labs said in a press-release. Co-founded in May 2017 by Rupam Das and Hari Prasath M, Acculi Labs aims to make home-based care available to the patients. The company’s flagship product, Lyfas, enables easy and regular early diagnostics and monitoring for early-stage asymptomatic patients and helps them to approach their doctor at an early stage. According to Acculi Labs, it expanded offerings from an initial cardiac health assessment system to a comprehensive suite of health solutions with the launch of Lyfas.The platform claims that its mobile application is capable of non-invasively capturing psychophysiological biomarkers and delivering a detailed health report within three minutes. The company has developed Lyra, a cutting-edge, conscious AI that bridges the gap between carbon and silicon life forms. It has also launched Lyfas Udyam initiative, which provides a micro entrepreneurial circular economy for small entrepreneurs to start and run their businesses, leveraging the ecosystem, processes, and finance.

Marine robotics startup EyeROV raises $1.2 Mn in pre-Series A

EntrackrEntrackr · 1y ago
Marine robotics startup EyeROV raises $1.2 Mn in pre-Series A
Medial

Marine robotics deep-tech startup EyeROV has raised INR 10 Crore (about $1.2 million) in a pre-Series A round led by Unicorn India Ventures. The company had previously raised $788K from GAIL and others. The funds will be used to strengthen its geographical expansion into international markets and develop advanced marine robotics products and solutions, EyeROV said in a press-release. Co-founded in 2016 by Johns T Mathai and Kannappa Palaniappan P, EyeROV is a deep-tech company which is specialized in marine robotics and AI. The Company aims to empower industries such as energy, maritime, defense, and infrastructure through its cutting-edge unmanned technologies. According to the Kochi-based company, it has introduced commercial underwater drones/ROVs and launched an unmanned surface vehicle (USV) that provides solutions in both India and the MENA region. EyeROV also manufactures solutions for infrastructure inspections and collaborating with defense R&D labs and forces through the Innovations for Defence Excellence (IDEX) initiative to develop maritime intelligence, surveillance, and reconnaissance (ISR) solutions. EyeROV claims that it serves prominent clients including Tata, Adani, BPCL, DRDO, and the Indian Coast Guard, having completed over 100 underwater inspections. It intends to triple its revenue by the end of the financial year by boosting sales in both domestic and international markets.

Stackbox raises $4 Mn led by Enrission India Capital

EntrackrEntrackr · 2m ago
Stackbox raises $4 Mn led by Enrission India Capital
Medial

Logistics tech startup Stackbox has raised $4 million in a fresh funding round led by Enrission India Capital. The latest investment will help Stackbox accelerate its product innovation and expand across Southeast Asia while strengthening its footprint in India. The Mumbai-based startup, founded by IIT alumni Sabyasachi, Shanmukha, Venktesh, and Nitin, leverages deep-tech solutions including its AI-powered Warehouse Management System and Transportation Management System to streamline operations in sectors such as FMCG, manufacturing, and e-commerce. Backed by a team with proven expertise in supply chain management and enterprise software, Stackbox has attracted clients among leading FMCG and manufacturing companies seeking efficiency and scalability. Stackbox’s founders said that the funding enables them to “build the digital backbone of tomorrow’s logistics,” supporting intelligent processes from warehouse to last-mile delivery. According to startup data intelligence platform TheKredible, Stackbox has raised over $2 million, including a $1.2 million seed round led by Ecosystem Ventures in August 2021. For the fiscal year ended March 2024, the Bengaluru-based company posted a profit of Rs 6 crore on operating revenue of Rs 25.7 crore.

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