Netrasemi, a Kerala-based semiconductor startup building system-on-chips (SoC), has raised INR 100 million in a Pre Series A round from Unicorn India Ventures to build Edge AI for IoT products.

Netrasemi, founded in 2020 by Jyothis Indirabhai, Sreejith Varma and Deepa Geetha, has designed three SoCs, namely Netra-R1000, Netra-A2000 and Netra-A4000. Built on an effective Netrasemi DSA (Domain Specific Architecture), all three chips are high-performance ML-capable devices using the company's unique graph-stream hardware acceleration architecture. Solution providers may create sophisticated ML and vision application use cases more quickly and easily with the help of Netrasemi processors. Targeting the surveillance, smart sensors, smart infrastructure, machine vision & industry 4.0, robotics, drones and autonomous vehicles segments, Netrasemi will market its SoCs to end-user verticals such as government, industrial, BFSI, transportation and others.

Anil Joshi, Managing Partner, Unicorn India Ventures, said, “There are attractive opportunities in the Edge AI software market, and there is absolutely no denying that the AI industry has the potential to transform various sectors. The funding accelerates Netrasemi’s mission to deploy the solutions on a better scale. We believe Netrasemi will continue to sustain its momentum with its most powerful AI chip for edge devices and strengthen its position in this space. The company has witnessed remarkable progress in the last 12 months and has designed new solutions. Hence, we believe the market opportunity is huge and the company has built the right momentum to capitalise on this segment.”

Jyothis Indirabhai, Co-Founder, Netrasemi, said, “Netrasemi family of chips will be the first AI/ML SoCs from India for intelligent edge devices, with a full array of digital IPs inhouse developed. We not only own the chip but also own what goes inside. We are excited to be backed by Unicorn India Ventures and believe this funding will play a crucial step for us to fuel our continued expansion and success.”

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German tier 1 supplier ZF has introduced SolarBoost, a retrofittable solar panel system designed to support the 24-volt on-board electrical systems of city buses and coaches. The technology generates electricity during vehicle operation to recharge batteries, intended to reduce fuel consumption and maintenance requirements for fleet operators.

The system reduces the load on the drive engine by providing an alternative power source for on-board systems, which are traditionally supplied by the alternator. According to ZF, the additional energy can reduce fuel consumption by up to 3.5 percent, depending on weather conditions and application profiles.

The company states that key benefits for operators include battery longevity, as continuous recharging extends battery life. ZF reports potential savings equivalent to one battery per vehicle per year.

Furthermore, it enhances uptime by reduced requirement for stationary battery recharges and lower maintenance frequency. The system includes Bluetooth connectivity, allowing operators to track energy generation in real-time via a mobile application.

SolarBoost utilises a plug-and-play architecture designed for installation in an operator's own workshop using standard tools. The process does not require drilling into the vehicle structure or extensive rewiring, allowing for fleet-wide scaling with minimal disruption to service.

The hardware is engineered to withstand vibrations and weather conditions associated with heavy-duty transit. ZF provides a 5-year warranty and repair kits to support the long-term durability of the flexible panels.

The product is positioned as a scalable solution for bus operators to meet environmental targets. By utilizing renewable energy for electrical loads, the system assists in reducing the carbon footprint of intercity and urban transport fleets. It aligns with ZF’s broader strategy to deliver innovations that improve vehicle efficiency while supporting climate-friendly mobility.

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Recyclekaro, an e-waste and lithium-ion battery recycling firm, has been cleared for eligibility under the Incentive Scheme for Promotion of Critical Mineral Recycling. The scheme is administered by the Ministry of Mines under the National Critical Minerals Mission.

The company has committed an investment of approximately INR 3 billion to expand its operations. This brownfield expansion aims to increase total processing capacity to 50,000 metric tonnes.

Its targeted waste streams for mineral recovery include spent lithium-ion batteries, electronic circuit e-waste, rare earth magnets and spent catalytic converters.

The project is designed to increase the domestic recovery of lithium and rare earth elements, reducing reliance on mineral imports for the electric mobility and renewable energy sectors.

Recyclekaro plans to invest over INR 5 billion over the next five years into a research and development facility. This centre will focus on technologies for the recovery of rare earth and critical minerals. The objective of the expansion is to align with national resource security and circular economy targets.

Rajesh Gupta, Founder and Managing Director, Recyclekaro, said, “We are proud to have secured eligibility under the Government of India’s Critical Mineral Recycling Incentive Scheme and sincerely commend the Ministry of Mines for instituting a visionary and robust framework under the National Critical Minerals Mission. This marks a decisive step toward strengthening India’s energy security that relies on securing critical minerals domestically. This will support India’s net zero goals. Over the past 15 years, we have built world-class in-house technologies, conducted thousands of pilot-scale experiments, and are now investing over INR 5 billion next 5 years in our newly developed R&D facility. It is going to be amongst the biggest privately owned facilities in India dedicated to rare earth and critical mineral recovery. At Recyclekaro, we remain deeply committed to this national movement and invite researchers, innovators, and technology partners to collaborate in accelerating India’s clean energy and circular economy transition.”

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Kochi-headquartered deep-tech company RoshAi has raised INR 220 million in funding, which was led by IAN Alpha Fund, part of the IAN Group.

The capital is designated for product development, expansion of deployments and scaling operations across international industrial markets.

RoshAi develops autonomy solutions that can be retrofitted to existing heavy vehicles in sectors such as ports, mining and logistics. This approach allows operators to implement driverless operations without the requirement for new fleet investments.

The technology stack comprises three primary components:

Retrofit Hardware: Physical kits to enable autonomous control of conventional vehicles.

In-Vehicle Autonomy System: AI-powered software and sensors for navigation and obstacle detection.

Cloud-Based Fleet Management: A platform for remote monitoring and operational coordination.

The company reports that its systems have completed over 100,000 km of testing with no safety incidents.

The global industrial autonomous vehicle market is projected to reach USD 162.8 billion by 2030, up from USD 47.6 billion in 2024. RoshAi aims to capture this growth by targeting the United States, Australia and Southeast Asia. It currently collaborates with Tier 1 original equipment manufacturers (OEMs) and industrial operators on pilot projects.

Sarika Saxena, Managing Partner, IAN Alpha Fund, said, “RoshAi is solving industrial autonomy through a retrofit-first approach, enabling operators to upgrade existing fleets rather than invest in new infrastructure. With strong early validation, repeat customer engagement, and a scalable autonomy platform, the company is well-positioned to build a globally relevant deep-tech business from India.”

Roshy John, Founder & CEO, RoshAi, added, “Our focus is to make industrial operations safer and more efficient by enabling existing fleets to operate autonomously. This investment allows us to accelerate product development, scale deployments across global markets, and continue building a robust autonomy platform for industrial use cases. We are glad to have IAN’s support as we move into this next phase.”

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Yuma Energy, a battery-as-a-service (BaaS) and infrastructure provider, has partnered with Quantum Energy, an Indian electric two-wheeler manufacturer. The collaboration enables battery swapping compatibility for the Quantum Bziness, an electric scooter designed for commercial and last-mile mobility applications.

The partnership aims to address vehicle downtime by integrating Quantum’s vehicle engineering with Yuma’s energy network. Yuma Energy reports a network uptime of 99.9 percent, allowing users to exchange depleted batteries for charged units.

The collaboration will focus on fleet operators, businesses and independent commercial riders. The aim is to maximise vehicle uptime by removing the requirement for stationary charging.

The collaboration is intended to lower operational costs and environmental impact for commercial EV users. By providing a scalable energy infrastructure, the companies seek to remove barriers to adoption in the high-utilisation transport segment.

Muthu Subramanian, MD & GM, Yuma Energy, said, "Electric mobility must work for the people who depend on their vehicles every day. Our partnership with Quantum Energy ensures that riders using the Quantum Bziness can operate without interruptions. By making battery swapping as fast and simple as refuelling, we are enabling productivity, improving earnings potential, and accelerating India’s transition to sustainable mobility."

Chakravarthi C, Managing Director, Quantum Energy, added, "At Quantum Energy, we design and manufacture vehicles that solve real mobility challenges. Integrating Yuma’s battery swapping solution with the Quantum Bziness enhances convenience and operational efficiency for commercial users, reinforcing our commitment to delivering practical and scalable EV solutions."

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