EV battery startup Gegadyne raises $5 Mn from V-Guard


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Mumbai-based electric vehicle and energy storage company Gegadyne has raised $5 Mn in strategic investment from electrical appliances giant V-Guard. Founded in 2015 by Jubin Varghese and Ameya Gadiwan, Gegadyne claims that it has developed ‘game-changing’ and eco-friendly alternatives to conventional lithium-ion batteries. Gegadyne’s batteries charge from 0 to 100% in around 15 minutes; unlike lithium-ion batteries.