Battery tech startup e-TRNL Energy has bagged ₹27.4 Cr (around $3 Mn) in its seed funding round led by IAN Alpha Fund, with participation from Navam Capital, Anicut Capital, Ather Energy cofounders Tarun Mehta and Swapnil Jain, and existing investors Speciale Invest, Micelio Mobility, and IIMA Ventures. The startup plans to use the funds to complete product development and demonstrate manufacturing capability of Lithium-ion battery cells at scale in India, it said in a statement. Founded in 2021 by Apoorv Shaligram and Uttam Kumar Sen, e-TRNL Energy is working on a battery cell technology which it claims is chemistry agnostic and can adopt all present Li-ion and future Na-ion chemistries. It claims its technology can enable improvements in safety, fast-charging capability, cycle life, and energy density, while enhancing scalability and reliability in manufacturing. The startup has developed a full-stack solution spanning battery cell design, manufacturing technology, and machinery development. It claims that all machinery for cell production, from initial concept to full automation, is engineered in-house. “With this funding round, we move towards demonstration, testing and scaling our innovation for commercialisation. Beyond positioning India as a leader in energy storage innovations, these efforts will also strengthen our resilience against global… Read MoreInc42 Media
