HomeInsightFUNDING NEWS- Newly Funded Startups 2024 IIT Kanpur Startup Simactricals Secures INR 75 Lakh Funding

[Funding alert] IIT Kanpur Startup Simactricals Secures INR 75 Lakh Funding

Mihir Mishra, Founder and Director, Simactricals
Mihir Mishra, Founder and Director, Simactricals

Using the SanchiConnect pre-seed cohort initiative, Startup Incubation and Innovation Centre at IIT Kanpur, Simactricals secured Rs 75 lakh. Furthermore, it generated 44 lahks in government funding.

The flagship product from Simactricals is an advanced wireless charging system made to work with a variety of electric vehicles, such as drones, rovers, two-, three-, and four-wheelers.

Read also – Tata Passenger Electric Mobility and Shell Partner to Deliver Superior EV Charging Experiences Across India

Speaking on this Mr. Mihir Mishra, Founder and Director, Simactricals said – “Simactricals is driven by a passion for innovation and a commitment to simplifying the electric vehicle charging experience. Our wireless charging technology represents a leap forward in convenience and efficiency, making it easier than ever for EV owners to power up. We’re excited to continue pushing the boundaries of what’s possible in the EV industry.”

Currently, Simactricals is working on five Proof of Concepts (POCs) with top 2- and 3-wheeler manufacturers to show off the effectiveness of its wireless charging network.

“At SanchiConnect, we are proud to support hardware deep tech startups like Simactricals that are leading the charge in sustainable technology. Simactricals’ wireless EV charging system aligns perfectly with our mission to foster environmental responsibility and drive positive change.’’ – said, Sunil Shekhawat, CEO at SanchiConnect.

About Simactricals

Cutting-edge technology business Simactricals is leading the way in unmanned aerial vehicle (UAV) and high-voltage product creation, as well as electric vehicle charging.

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