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WeeklyHello all -
Welcome to this edition of CLIMAFIX Weekly, the newsletter that provides updates and insights on the Indian climate tech startup & innovation ecosystem.
Here are the updates for this edition, for the period Jan 29, 2023 - Feb 05, 2023
Sodium-ion Battery Maker Indi Energy Wins National Innovation Award
Awarded the National Startup Award in the Energy Storage Category by the GoI's Startup India initiative.
EV battery startup Log9 has raised $40 Mn funding in its Series B round
The funding round, which was a mix of equity and debt, was led by Amara Raja Batteries Ltd and Petronas Ventures
India International Science Festival 2023, Jan 21-24 Bhopal includes a Startup Conclave
Eighth edition of the IISF will be organized at the Maulana Azad National Institute of Technology (MANIT), Bhopal, Jan 21-24, 2023
C-CAMP won at the National Startup Awards 2022 as an Ecosystem Enabler
Bengaluru-based Centre for Cellular and Molecular Platforms (C-CAMP) has built a portfolio of 350+ startups & innovators across 34 states & UTs in India supported by funding, incubation & advancement programmes
Garuda Aerospace to present a carbon-neutral drone during the World Economic Forum 2023
The farmers can increase their income by using the high-capacity Kisan drones to quickly deliver their produce. Insecticide and nutrient spraying, crop assessment, and digitalization of land data are further uses for the Kisan Drones.
Electric motorcycle from startup Devot debuts
That's a fairly powerful motorcycle from Jodhpur based Devot Motors - 9.5 kW motor, 200 Km range, 120 Km top speed
Can we expect many millet startups?
A report on India's waking up to the millet potential makes one think if this foodgrain could hold significant potential for startups too
2023, The Defining Year For India’s Climate Tech Startups
As per a Unitus and Climake India report, the Indian climate tech market needs a capital infusion of over $1 Tn by 2030
Altigreen, in collaboration with energy startup Exponent Energy, has launched the neEV Tez
The neEV Tez features an 8.2kWh e^pack (battery pack), a proprietary battery by Exponent built using regular LFP (lithium ferro-phosphate) cell chemistry January 16, 2023
Matter Energy, Luminous Power tie for home inverters, stationary applications
To collaborate around low-voltage stationary energy storage solutions, develop dual-purpose smart home dock inverter with IoT capabilities
Energy distribution startup Repos expected to grow three-fold to Rs 185 crore
Also plans to raise Rs 300 crores to to assist in expansion of business across India as well as a platform to offer carbon-neutral fuels such as ethanol and electric vehicle chargers.
All CSIR labs to turn global centres of research and innovation, assist startups
Effort will focus on academia and skill development, students from varying domain will be made better aware of research activities and facilities of the CSIR laboratories. Another focus of the campaign is to support more and more startups and entrepreneurship in India.
Electric vehicle charging aggregator ElectricPe has closed a $5 Mn Pre-Series A funding round
ElectricPe will use the funds to deepen tech investments and scale operations.
Mercedes-Benz Energy Partners With Indian Start-Up Lohum To Recycle EV Batteries
Lohum becomes MBE's first partner in Asia for battery repurposing activities
Thank you for reading this edition of the CLIMAFIX Weekly. For feedback & suggestions, please send a note to ask@climafix.in
Narasimhan Santhanam (Narsi), Co-founder, CLIMAFIX
