A battery tech start-up E-TRNL announced that they are raising a pre-seed round of Rs 7.5 Crs from multiple investors. This, according to the company, will help him bring his revolutionary energy technology mission to market.
The round was led by Speciale Invest, a deep-tech venture capital firm. Other investors include Micelio Mobility, a clean mobility fund, and CIIE, the innovation continuum built at IIM Ahemdabad, as per reported by CXOtoday.
e-TRNL Energy intends to utilize this investment to accelerate the product cycle reducing the time-lines to deliver the products to its customers. This company developed and patented very advanced battery technology. Which is very safe and energy efficient, it also withstands harsh electrical conditions with fast charging, especially in the Indian climate.
Read also – Inflection Point Ventures Partners With BITS Goa Innovation To Support Startups
Apoorv Shaligram, Co-founder, e-TRNL Energy said “Any true electric vehicle revolution cannot revolve around import dependence in the most critical component of EVs, which is the battery. At e-TRNL Energy, we are innovating technology from the ground up to realize the true potential of batteries and bring about the most advanced cell manufacturing. We are excited to have partnered with our investors to realize the future of batteries and help set up the global supply chains from India.”
Founded by Apoorva Shaligram and Dr. Uttam Kumar Sen, e-TRNL Energy is an Indian start-up company in the energy storage space.
Read also – As part of Govt. compliance, ECOBILLZ offers C-Form automation solution for Hotels to manage Foreign guests
“We have developed a technology platform that solves the fundamental challenges of fast charging without compromising the energy density, life cycle and safety. Our innovation is chemistry and application agnostic, which means it could be deployed across all battery applications.”, commented Dr. Uttam Kumar Sen, Co-founder, e-TRNL Energy.
e-TRNL Energy is working on a fundamental battery cell technology that is chemistry agnostic and can adopt all present Li-ion and future Na-ion chemistries. The technology offers battery cells with higher energy density and lower heating compared to its peers, with better pricing economics.
Read also – Agritech Startup WayCool Partners With Yara India
Vishesh Rajaram, Managing Partner at Speciale Invest, said, “The need for smart energy storage systems is critical to meet global climate goals and provide a better and more sustainable future. e-TRNL is working towards bringing to the market one of the most advanced energy storage systems. The company’s innovative technology helps to reduce the environmental impact of battery storage while providing an advanced level of performance and reliability.”
Shreyas Shibulal, Founder & CEO, Micelio Mobility says ‘Our goal at Micelio Mobility is to create a supportive ecosystem for clean mobility that fosters innovation at scale. We are delighted to back the team at e-TRNL in their innovation at the cell technology that is chemistry agnostic as this is much needed keeping the clean mobility sector growth in our country”
Read also – [Funding alert] Agritech startup Grow Indigo raises $6 Mn funding
“Having closely followed the sustainability space and looking at the value chain in energy storage for a few years now, we do believe that e-TRNL is one of the most innovative and disruptive technologies attempting to solve a critical problem of battery storage, safety & performance. Given the advent of India being enroute an electron economy we see a big opportunity for the team to capture the market with its research first approach,” said Chintan Antani VP – Investments at CIIE.CO
About e-TRNL Energy
Experienced IITians founded Indian startup e-TRNL Energy. e-TRNL Energy is developing essential technologies to maximise energy sources. e-TRNL Energy is developing India’s first ground-up battery cell design and production platform for advanced battery chemistries.