Start-ups secure funding to drive lithium-ion battery market in India bestmag.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bestmag.co.uk Daily Mail and Mail on Sunday newspapers.
[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.
0 claps
Share on
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.