e-TRNL Energy raises INR 7.5Crs pre-seed round led by Speciale Invest to build safe, efficient batteries

Micelio Mobility, a clean mobility fund and CIIE.CO, the innovation continuum built at IIM Ahmedabad also participated in the round

• e-TRNL Energy has developed a patented manufacturing technology that offers safe and dense energy batteries, with fast charging.
• This investment will help e-TRNL Energy to launch the next gen batteries to the market.

A battery tech start-up, e-TRNL Energy, today announced raising a pre-seed round of INR 7.5 Crs from multiple investors to further its mission of bringing revolutionary energy technology to the 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 Ahmedabad. e-TRNL Energy intends to  utilize this investment for accelerating the product cycle reducing the time-lines to deliver the products to its customers. The company has developed advanced battery technology which is safe, withstands the harsh conditions of electric mobility especially in the Indian climate, and still provides value add with fast charging and cost efficiency.

Founded in 2021, by two IITians, Apoorv Shaligram, an alumnus of IIT Roorkee and Michigan State University, and Dr. Uttam Kumar Sen, an IIT Bombay alumnus with a doctorate in high energy density batteries, e-TRNL Energy draws upon a combined research experience of 27 years to bring about this pioneering battery technology. The mission of e-TRNL Energy supports the larger cause of India’s target of transitioning to 100% electric vehicles by 2030.

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.”

“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.

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.”

He further said, “We at Speciale Invest believe that climate and sustainability are increasingly becoming business drivers in India as well as globally. We are focused on partnering with like-minded businesses and founders using technology to disrupt this sector. We are excited to be a part of e-TRNL journey and look forward to seeing them succeed.”

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”

“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

Note to Editor

About e-TRNL Energy

e-TRNL Energy is an Indian start-up company founded by experienced IITians. e-TRNL Energy is innovating core technologies aimed at unlocking the true potential of energy sources. e-TRNL Energy is also working on India’s first ground up developed battery cell design and manufacturing technology platform for advanced battery chemistries.

For more information on e-TRNL Energy, visit  https://e-trnl.energy/

About Speciale Invest

Founded in 2017 by Co-founders Vishesh Rajaram and Arjun Rao, Speciale Invest is a seed stage venture capital firm that invests in founders building technologies of tomorrow. The firm backs indigenious entrepreneurs developing and utilizing disruptive technology to develop ground-breaking, novel solutions. Enterprise Software Products (arising from deep technology in Cloud, Voice & Vision ML/AI, Image Analytics, AR/VR) and Industrial Hardware Products (arising from deep technology in Propulsion tech, Robotics, Rocket engines, Lithium tech, Micro-electronics, Optical Communication tech) are among the interests of the fund.

For more information, visit https://www.specialeinvest.com/

About Micelio Mobility

Micelio Mobility has been on the forefront of strengthening the future of e-mobility by building a clean mobility ecosystem in India and enabling the mass adoption of clean mobility solutions and removing specific entry level barriers that startups may face while navigating this landscape.

Micelio Fund is India’s first ever seed fund with a vision to enable innovation towards clean energy and creating a sustainable mobility ecosystem. Micelio’s investment philosophy is to employ patient capital to grow companies and build a community that is focused on EVs to promote clean mobility.

About CIIE.CO

CIIE.CO is the Innovation Continuum spreading from incubation, acceleration, seed, and growth funding to research. Founded at IIM Ahmedabad in 2002, initially as an academic center, CIIE.CO has since grown and pivoted to fill the multiple, ever-evolving gaps in the innovation-driven entrepreneurship ecosystem in India. Among its various initiatives, CIIE.CO has conceptualized and hosted India’s first and only CleanTech-focused fund, incubated 5000 startups, accelerated over 1000 startups, funded over 300 startups, inspired over a million with our publication – Stay Hungry, Stay Foolish.