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What once lived firmly in the realm of science fiction is getting a serious commercial push: a hotel on the Moon. California-based space tech startup Galactic Resource Utilization Space (GRU Space), backed by Y Combinator and part of Nvidia’s accelerator program, has unveiled bold plans to build the first hotel on the lunar surface, targeting an initial opening by 2032. A Lunar Leap in Space TourismFounded in 2025 by entrepreneur Skyler Chan, GRU Space is positioning itself at the forefront of off-world hospitality and commercial lunar infrastructure. The startup’s mission is ambitious: to construct a lunar hotel that can host multi-day stays for space tourists, complete with life-support systems and panoramic views of both the Moon and Earth. The hotel is planned as an inflatable habitat module initially built on Earth and transported to the lunar surface via a heavy-lift lander. Designed to support up to four guests at a time, this first phase would operate for about a decade and serve as a stepping stone toward larger, more permanent lunar habitation. Roadmap to the MoonGRU Space’s development plan unfolds in several stages:2029: First technology demonstration to validate inflatable habitat deployment and other key systems.2031: Deployment of larger payloads and…  ​Read More​YourStory RSS Feed

Investment firm 360 One Asset on Tuesday raised Rs 1,000 crore in a multi-stage fund to back defence and space strategy companies in India. The fund will look to provide a range of capital support from venture capital to private equity to growth-stage capital, among others. 360 One aims to back 15 to 20 companies working in defence, space, aerospace, and allied strategic technologies, with this fund. The fund announcement comes at a time when there is rising opportunities in India’s defence and space-tech ecosystem with the FY25 defence budget touching Rs 6.22 lakh crore and defence export growth growing at 84% CAGR between FY21 and FY25, the firm said.India has also seen setting up of over 250 private space entities, the firm pointed out. Also ReadAavishkaar Group partners with Jamwant Ventures to launch Rs 500 Cr fund focused on defence and deeptechAccording to the company, it has already closed four investments under this fund to-date. According to a report by The Economic Times report noted that these investments are in the space of defence electronics, space analytics, electronic warfare, and satellite-based ISR. The report also noted that the fund will have an allocation mix of about 20% for venture…  ​Read More​YourStory RSS Feed

Voice AI startup Ringg AI has raised $ 5.5 Mn (INR 48 Cr) in its Series A funding round led…

Welcome to The AI Shift by Inc42, our all-new newsletter that delves deep into the world of artificial intelligence, LLMs,…

Eversource Capital’s electric bus arm GreenCell Mobility has raised $89 million in mezzanine funding from International Finance Corporation (IFC), British International Investment (BII), and Tata Capital. Mezzanine financing is a hybrid source of capital that blends debt and equity, ideal for growth and expansion without immediate heavy equity dilution.The funds will be used to expand the company's fleet to 3,700 buses, including buses won by the company on intra-city routes across Delhi, Madhya Pradesh, Andhra Pradesh, Bihar, and the Union Territory of Puducherry in auctions. These auctions were conducted by the National E-Bus Program and the PM Seva E-Mobility initiative. GreenCell currently manages over 1,200 electric buses. The funding comes months after IFC said it was infusing $37 million mezzanine capital in GreenCell Mobility and $100 million to JBM ECOLIFE to help deploy electric buses and charging stations across 39 municipalities. Also ReadIndia’s traffic congestion might have a complex solution: private-public partnerships“Through this funding round for GreenCell Mobility (GCM), we are deepening our partnership with IFC, BII and Tata Capital (leaders in sustainable investments)," said Dhanpal Jhaveri, Vice Chairman, Everstone Group and CEO, Eversource Capital."The transaction exemplifies the catalytic role that private, development and institutional capital can play in accelerating India’s clean transport revolution. GCM’s expanded operations will drive transformation efficient transportation to cities and…  ​Read More​YourStory RSS Feed

India is growing fast. At the same time, the country is facing urgent climate pressures in energy, air quality, and industrial emissions. This is not a constraint. It is a moment of opportunity for founders who think big and build solutions that matter.ClimateTech refers to technologies that prevent, reduce, or reverse the impacts of climate change. In India, this is not a niche play. It is becoming core infrastructure for economic growth and competitiveness. With strong policy support, rising capital flows, and real market demand, ClimateTech now stands out as India’s biggest deeptech opportunity.The ClimateTech boom in IndiaThe ClimateTech sector in India has reached scale faster than many expected. In the early 2020s, ClimateTech investment was nascent. By 2023‑24, India saw more than $2.2 billion investment into ClimateTech startups, more than three times what it was just two years earlier. More than 800 startups are now working across clean energy, mobility, agriculture, water, and industrial decarbonisation. This growth is driven by real problems that cannot be solved with simple software alone. ClimateTech requires engineering, new materials, advanced analytics, and industrial-scale solutions. That is what makes it true deeptech.Why India is a strategic testing groundIndia’s climate problems are large and visible.…  ​Read More​YourStory RSS Feed

Aerem Solutions, a Mumbai-based full-stack distributed solar platform, has raised $15 million (Rs 136 crore) in a Pre-Series B round led by SMBC Asia Rising Fund, the venture capital arm of Sumitomo Mitsui Banking Corporation. The round also saw participation from existing investors such as British International Investment (BII), UTEC, Blume Ventures, Avaana Capital, Riverwalk Holdings, and SE Ventures.The company said the fresh capital will support the company’s efforts to expand its national footprint, strengthen EPC and installer enablement, and accelerate distributed solar adoption among MSMEs and households by enhancing affordability and execution reliability.“SMBC Group is committed to fostering the sustainable growth of the Indian economy through its financial expertise. We believe that Aerem’s integrated solutions across the solar energy ecosystem, including financing, marketplace platforms, and data-driven services, combined with SMBC Group’s financial capabilities, will play a pivotal role in accelerating the adoption of clean solar energy in India,” said Rajeev Kannan, Head of India Division, Managing Executive Officer, SMBC.Founded in 2021 by Anand Jain and Vikesh Agrawal, Aerem offers an integrated technology platform that streamlines solar financing, system design, equipment procurement, and asset monitoring for MSMEs, installers, and lending partners. Anand Jain, Founder and CEO of Aerem Solutions, said, SMBC’s partnership…  ​Read More​YourStory RSS Feed

D2C kitchenware brand Cumin Co has bagged $5 Mn (around INR 41.5 Cr) in its  pre-Series A funding round led…

Across the rails, speed and convenience chase the horizon, shaping journeys before they even begin. Plans for a Faster Bengaluru-Mumbai Link The Indian Railways is reportedly planning a Duronto Express connecting Bengaluru and Mumbai, targeting an 18-hour journey, sources say. This comes shortly after the Railway Board approved a bi-weekly “superfast” train between the two cities, covering the 1,209-km route in about 24 hours—slower than the existing Udyan Express. The service, notified on December 9, 2025, will operate as train 16553/16554 SMVT Bengaluru-LTT Mumbai-SMVT Bengaluru. Under the proposed schedule, train 16553 would depart SMVT Bengaluru at 8.35 pm on Saturdays and Tuesdays, arriving at LTT Mumbai at 8.40 pm the next day. The return service, 16554, would leave LTT Mumbai at 11.15 pm on Sundays and Wednesdays, reaching SMVT Bengaluru at 10.30 pm. The train will have 14 stoppages, including Hubballi and Pune, and run with 17 LHB coaches, with primary maintenance at SMVT Bengaluru. Despite the announcement, the long travel time has drawn criticism from passengers and experts. Duronto Express Proposal and Public Expectations Sources indicate that the Railway Board is considering a Duronto Express between KSR Bengaluru and CSMT Mumbai via Tumakuru, Davangere, Hubballi, Belagavi, Miraj, and Pune.…  ​Read MoreBusiness Archives - Trak.in - Indian Business of Tech, Mobile & Startups

During 2014, Mahindra Racing joined the Formula E championship and from then it has steadily strengthened its presence on the global electric racing stage.  Mahindra Showcasing Formula E Race Car –  M12Electro We could witness this 2024-25 season as the team achieved a commendable fourth-place finish, outperforming rivals such as Neom McLaren and Maserati MSG.  These results definitely underscored the progress Mahindra has made in the series.  It appears that the Mahindra Racing team has delivered a standout performance at the Mexico City E-Prix, where Edoardo Mortara secured second place in Round 2, showcasing both his skill and the growing competitiveness of Mahindra’s GEN3 Evo package. Considering the momentum, now Mahindra Racing has put its Formula E car on display at Davos. Although this car is not new, it is the same machine unveiled in India last October, and the same one which Mortara drove to success in Mexico. Showcasing Mahindra’s Commitment  Basically, this showcase highlights the team’s ongoing commitment to visibility on the global stage.  Its new design looks attractive with a blend of metallic red, gloss white, and carbon black, with twelve stripes symbolizing each season of the team’s journey in Formula E.  In addition to this, an…  ​Read MoreBusiness Archives - Trak.in - Indian Business of Tech, Mobile & Startups