Grinntech looks to accelerate EV battery productions in India With $2 Mn infusion
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IIT Madras-incubated electric vehicles startup Grinntech has raised $2 Mn funding from a clutch of investors, including venture capitalist V Sumantran, who was ex vice president at Ashok Leyland, Cognizant CEO Lakshmi Narayan, NAPC’s KS Manian, and a member of the UCAL family. Grinntech plans to use the funding to set up a lithium-ion manufacturing unit in Chennai and work with EV makers to expand their business opportunities.