Grinntech, a start-up which manufactures LithiumIon batteries for EVs and energy storage systems, has raised $2 million from four investors, including from Cognizant Co-founder Lakshmi Narayanan and Ashok Leyland’s Former Vice Chairman V Sumantran. <\/p>\n
Following the investment, the two investors will be joining the company’s Board. <\/p>\n
The other two investors are UCAL Group and K S Manian, promoter of Radiance Group. <\/p>\n
The fund raising comes at a time when the company is foraying into manufacturing. Up till now it was only involved with Research and Development (R&D). The company will be manufacturing batteries for two-wheelers, cars and commercial vehicles in phased manner at Chennai. Initially, it will cater to the domestic market and expand via export routes.<\/p>\n","protected":false},"excerpt":{"rendered":"
Grinntech, a start-up which manufactures LithiumIon batteries for EVs and energy storage systems, has raised $2 million from four investors, including from Cognizant Co-founder Lakshmi Narayanan and Ashok Leyland’s Former Vice Chairman V Sumantran. Following the investment, the two investors will be joining the company’s Board. The other two investors are UCAL Group and K S Manian, promoter of Radiance Group. The fund raising comes at a time when the company is foraying into manufacturing. Up till now it was only involved with Research and Development (R&D). The company will be manufacturing batteries for two-wheelers, cars and commercial vehicles in […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-370354","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=370354"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370354\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=370354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=370354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=370354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}