[Funding alert] Deep tech battery technology startup Gegadyne Energy raises Series A round
Gegadyne Energy will use the funding to expand the startup s operations and set up a world-class battery research lab in India a one of its kind in the country.
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Gegadyne Energy, a deep tech startup developing non-lithium based quick charging battery technology for the EV space and other battery dependent applications, on Tuesday announced that it has raised Series A funding of
~$5 million from V-Guard Industries.
According to the startup, the funds raised will be utilised to scale up the research and the ramp up the business globally. A major chunk of the fund will be used to expand operations and setup a world class Battery Research lab in India a one of its kind in the country.