Energy storage startup Indi Energy has raised undisclosed funding as part of its seed round from Mumbai Angels Network, an investment platform for early-stage venture investments.

As per the startup, it will be utilising the funds in bolstering its R&D and scaling up its proprietary Sodium-ion battery technology.

Started by Akash Soni, Prof. Yogesh Kumar Sharma, Dr. Asit Sahoo, and Dr. Nagesh Kumar, Indi Energy is an energy storage startup involved in the R&D of next-generation battery technologies.