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Deeptech startup Sthyr Energy raises $1 million from Speciale Invest, Antares Ventures
Economic Times
·
2m ago
Medial
Sthyr Energy, a deep-tech startup founded by IIT Madras researchers, secured $1 million in seed funding from Speciale Invest and Antares Ventures. The startup is developing zinc-air battery systems for long-duration energy storage, using non-flammable, water-based electrolytes for safety. The funding will advance research, development, and scaling of their product, which presents a cost-effective alternative to lithium-ion batteries. This technology aims to support renewable energy adoption in sectors like grid operations and defense.
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Speciale Invest Closes INR 600 Cr Fund To Back Deeptech Startups
Inc42
·
21d ago
Medial
Speciale Invest has closed its third fund at INR 600 Crore (approximately $70 million) to support deeptech startups in sectors like spacetech, advanced manufacturing, energy, healthtech, and AI. The fund, originally aimed at INR 500 Crore, was oversubscribed and will formally close with additional strategic limited partners next month. Speciale Invest has previously backed startups such as Agnikul Cosmos, The ePlane Company, and GalaxEye, focusing on seed-stage investments.
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Speciale Invest, Antares Ventures co-lead The ePlane’s $14 mn Series B round
VCCircle
·
9m ago
Medial
Indian flying taxi startup, The ePlane Company, has raised $14 million in a funding round led by Speciale Invest and Antares Ventures. The funds will be used for global regulatory certifications and to accelerate commercialization efforts. The company plans to develop and certify manned aircraft with flight testing scheduled for mid-2025. The investment will also support the scaling up of ePlane's drone technology and the improvement of its prototyping and testing facilities. The ePlane Company previously raised $5 million in January 2022 and has made progress in its product development since then.
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eVTOL player ePlane raises $14 million, anticipates parallel aviation industry & new jobs
Economic Times
·
9m ago
Medial
Chennai-based ePlane Company has closed a $14m funding round, making it the largest-funded electric vertical takeoff and landing (eVTOL) player in India. The funding will support ePlane's goal of becoming a major player in India's eVTOL mobility sector. The round was co-led by Speciale Invest and Antares Ventures, with participation from Micelio Mobility, Naval Ravikant, Java Capital, and others. The Indian government's support and the announcement of certification standards have boosted investor confidence in the eVTOL sector. Several companies are working on air taxi projects, with operational services expected in India by 2026.
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Mela Ventures, Speciale Invest, IPV back separate tech startups with early-stage funds
VCCircle
·
1y ago
Medial
Spacetech startup GalaxEye Space, AI quantum startup Bloq Quantum, and deeptech company Acculi Labs have secured early-stage funding. GalaxEye Space raised $6.5 million in a round led by Mela Ventures and Speciale Invest, which will be used to launch their satellite and develop their multi-sensor payload technology. Acculi Labs raised $1.5 million in funding led by Sabi Holding India, while Bloq Quantum raised Rs 1.3 crore in a pre-seed round led by Inflection Point Ventures. The funds will be used for product development, team expansion, and accelerating growth.
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VFlowTech raises $20.5 Mn led by Granite Asia
Entrackr
·
3m ago
Medial
VFlowTech, a provider of vanadium redox flow battery (VRFB) systems, has raised $20.5 million led by Granite Asia. The round also saw participation from Antares Ventures, EDBI, MOL PLUS, PSA Ventures, and existing investors İnci Holding, UntroD Capital, Pappas Capital, Wavemaker Partners, SEEDS Capital, and Entrepreneurs First. The proceeds will be used to scale VFlowTech’s 100 MWh manufacturing plant in India to a Gigafactory and to deploy VRFB systems across microgrids, commercial and industrial energy users, and utility-scale projects. Founded in 2018 by Avishek Kumar, VFlowTech has deployed its VRFB systems in over 10 countries and is now in talks with Indian renewable energy developers to deploy up to 1 GWh of VRFB systems in the next few years. According to market research, India’s Ministry of New and Renewable Energy (MNRE) reported a 29.52 GW increase in renewable capacity in FY 2024-25, bringing total capacity to 220.10 GW. With a target of 500 GW of non-fossil fuel capacity by 2030, VFlowTech aims to contribute through long-duration energy storage and AI-integrated systems. The firm will also invest in developing an AI-driven cloud energy management platform to optimize energy use and provide grid ancillary services.
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Infosys to invest up to ₹17 crore in spacetech startup GalaxEye
Inshorts
·
11m ago
Medial
Infosys on Thursday announced it will invest up to ₹17 crore in spacetech startup GalaxEye. The IT major will acquire a minority shareholding, not exceeding 20%, in the startup. Incubated at IIT Madras and based out of Bengaluru, GalaxEye is building multi-sensor imaging satellites. It raised $6.5 million from Mela Ventures, Speciale Invest and other investors in August.
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Spacetech startup Inbound Aerospace raises $1 million in funding from Speciale Invest - The Economic Times
Economic Times
·
1m ago
Medial
Inbound Aerospace, an IIT Madras-incubated startup, raised $1 million from Speciale Invest to develop autonomous, reusable re-entry vehicles for delivering and returning space experiments. Targeting a 2028 launch, the startup aims to address challenges posed by the International Space Station's (ISS) impending retirement, facilitating in-orbit testing and microgravity research. Inbound's spacecraft will enable space-based research and manufacturing, targeting payload implementation partners as primary clients.
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India Now Home To 189 Spacetech Startups: Union Minister Jitendra Singh
Inc42
·
1y ago
Medial
According to Union Minister Jitendra Singh, the number of Indian spacetech startups has increased from 1 in 2014 to 189 in 2023. The investment in these startups has also risen to $124.7 million. The government has set up a space technology incubation centre (S-TIC) to support young students with innovative ideas and encourage research and startup formation in the space sector. The Indian Space Policy 2023 aims to facilitate participation of private spacetech companies in all aspects of space-related activities. Several spacetech startups have received funding from investors like Pi Ventures, Speciale Invest, and Peak XV.
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Nasscom Launches InnoTrek 2025 to Take 27 Indian Deeptech Start-Ups to the USA – Outlook Business
OutlookIndia
·
16d ago
Medial
Speciale Invest has successfully closed a ₹600 crore fund aimed at bolstering India's burgeoning deeptech start-ups. This funding initiative coincides with NASSCOM's launch of InnoTrek 2025, taking 27 Indian deeptech start-ups to the USA for enhanced exposure. These efforts signify a robust commitment to nurturing India's deeptech ecosystem by providing necessary financial resources and international networking opportunities, fostering growth and innovation in a rapidly evolving technological landscape.
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Deeptech VCs spot big funding momentum on government, geopolitical push
Economic Times
·
2m ago
Medial
Indian deeptech funds, like Speciale Invest and Ideaspring, are raising new funds amid growing interest in deeptech sectors such as AI and robotics. Government support and geopolitical factors favoring India over countries like China have bolstered these efforts. Investments in Indian deeptech doubled in early 2025 compared to the previous year. While challenges remain due to deeptech's long gestation and few success stories, increased global investor interest could see more capital entering the ecosystem.
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