As a result of its development of Sodium-ion battery technology, Indi Energy, headquartered in TIDES Business Incubator, IIT Roorkee, has been awarded the First place in the startup category of the competition. A breakthrough sustainable energy solution based primarily on bio-waste found in the country along with Sodium salt precursors will dramatically reduce the need for imports and dependency on lithium, cobalt, and nickel (components used in making Li-ion batteries).

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Mumbai Angels Network, a premium startup investment platform for early-stage venture investments, has invested in Indi Energy, an energy storage startup committed to developing energy storage technologies such as Lithium-ion and Sodium-ion batteries, solid-state batteries, supercapacitors, etc. as a part of its seed round.

Multiplier, a professional employment organisation (PEO) platform that simplifies international hiring, has raised $4 million in funding led by Surge, the accelerator programme of venture capital and growth-stage investor Sequoia Capital.

New Delhi: Mumbai Angels Network, a start-up investment platform, on Wednesday said it has invested in an energy storage start-up, Indi Energy, for an undisclosed amount.

Energy storage startup India Energy has raised an undisclosed amount in startup investment platform Mumbai Angels Network as a part of its seed round.

Mumbai Angels Network, a premium startup investment platform for early-stage venture investments, has invested in Indi Energy, a forward-looking energy storage startup committed to developing energy storage technologies such as Lithium-ion and Sodium-ion batteries, solid-state batteries, Supercapacitors, etc. as a part of its seed round. While the funding amount remains undisclosed, Indi Energy will be utilizing the funds in bolstering its R&D and scaling up its proprietary Sodium-ion battery technology.

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