Discover 5 articles related to DeepTech
Union Minister Piyush Goyal has announced a ₹10,000 crore Fund of Funds to support India’s deep-tech startups in AI, quantum computing, biotech, and more. Managed by SIDBI, the fund will prioritize early-stage capital and ecosystem development, positioning India as a global leader in advanced technology innovation.
Bangalore-based EV startup iGowise Mobility has formed strategic partnerships in the UK, Switzerland, and South America to co-develop next-gen electric trikes. Using its modular LeanEV platform, iGo plans to export globally from India, roll out e-trikes by 2026, and boost India's tech and auto exports threefold by 2035.
SanchiConnect, in partnership with YourNest Venture Capital, has launched India’s largest DeepTech accelerator, investing ₹48 crore across eight transformative startups. Through the Velocity Accelerator Program, companies like Induz, LeanWorx, and Think Metal are driving innovation in AI, 3D printing, and logistics. Beyond funding, the program offers expert mentorship, go-to-market strategies, and immersive bootcamps to equip startups for global success. This initiative underscores India’s rising status as a hub for cutting-edge technology and economic growth.
Optimized Electrotech, a deep-tech defense startup, has won the ADITI 1.0 iDEX-DIO Challenge organized by the Defence Space Administration, securing a record INR 25 crore grant from the Government of India. Recognized at DefConnect 4.0, the grant will help advance the company’s space situational awareness technology, contributing to India's defense modernization and the Atmanirbhar Bharat mission. Founded in 2017, Optimized Electrotech specializes in AI-powered surveillance solutions for defense and paramilitary forces, including border surveillance, aircraft tracking, and counter-drone measures.
Yali Capital has launched an ₹810 crore venture fund, including a ₹310 crore greenshoe option, to support early-stage deep tech startups in India. Co-founded by Ganapathy Subramaniam, former CEO of Cosmic Circuits, and Mathew Cyriac, Executive Chairman of Florintree, the fund aims to invest in areas such as chip design, robotics, genomics, smart manufacturing, aerospace, and AI. Yali Capital's advisory team includes Lip-Bu Tan, former CEO of Cadence, known for taking over 130 deep tech companies to IPO globally. Tan expressed his eagerness to help create globally recognized deep tech companies from India. The fund has approved investments in four startups, finalizing by Q3 2024.