Singapore-headquartered angel investment platform ThinKuvate has announced the first close of its India fund at INR 250 million. The investment comes within four months of the formal launch of the ThinKuvate India Fund — I.

The firm has made investments in four startups – Rosh.ai, Zippee, Pantherun, and NymbleUp.

Rosh.ai was founded in 2021 by Roshy John and Rajaram Moorthy. It specialises in autonomous vehicle technology, providing solutions for the automotive, seaport, and mining industries. The company has raised $1 million in Pre-Series A led by EV2 Ventures, with participation from Caret Capital and ThinKuvate.

Zippee was founded by Madhav Kasturia in 2021 and offers same-day delivery for more than 100 (D2C) brands. Zippee is scaling its operations in metro cities and expanding its brand partnership.

Founded in 2019 by Srinivas Shekar, Pantherun is a cybersecurity company specialising in advanced data protection solutions. The company has raised a bridge round led by QuickHeal Family Office and SIDBI Ventures, with participation from 8X, PiperSerica, and ThinKuvate.

NymbleUp.ai was founded in 2019 by Yogesh Bhatt & Manish Thakur. It has secured pre-series A  led by Chandigarh Angels, IVY Cap, and ThinKuvate. It provides AI-driven predictive workforce management solutions for QSRs and retail chains; forecasting demand across all sales channels at 15-minute intervals. 

ThinKuvate plans to invest in early-stage startups from seed to Series A, focusing on companies leveraging technology at the forefront.

Ghanshyam Ahuja, Managing Partner, ThinKuvate said, “We have been investing in Indian startups and saw the potential growth opportunities. That led us to launch an India-focused fund, we have reached the first milestone in little over 100 days. This validates our thesis on the next-gen innovations taking place in India, which have a global appeal.”

ThinKuvate continues to raise its target corpus, the fund plans to invest in 30 – 40 startups with an average investment size of INR 15 million to INR 40 million. The fund has also attracted top tier general partners globally, to manage the deal flow, due diligence, and overall portfolio management. More than 50 percent of investors in the fund are NRIs from various countries, top of them being Singapore, Australia, the USA, the UK, and Indonesia.

Mayank Jain, CEO, ThinKuvate, says, “We have built capabilities within our team to provide support and help to startups scale faster. The profile of limited partners, who are working professionals with senior roles in large corporates, would be a huge differentiator for the companies we back. Our vast network will not only bring in quality capital but provide access to the founders to accelerate their growth journey post funding from ThinKuvate. As we continue to raise the target corpus, we have already built a healthy deal flow and we are confident that with this fund, we will be able to build a strong portfolio and generate stellar returns for our investors.”

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Ola Cell Technologies (OCT), a subsidiary of Ola Electric, has become the first Indian company to receive Bureau of Indian Standards (BIS) certification for its indigenously developed 46100 Lithium Iron Phosphate (LFP) cylindrical cell. The certification was granted under the IS 16046 (Part 2):2018 / IEC 62133-2:2017 standards.

In addition to BIS approval, the cell has qualified under IS 16893 (Parts 2 and 3) and UN 38.3 standards, following comprehensive electrical, mechanical and safety testing at an NABL-accredited laboratory.

The 46100 LFP cylindrical cell has a claimed energy density of over 170 Wh/kg, targeting over 4,000 charge-discharge cycles. It is optimised for applications where safety, lifecycle and cost-efficiency are critical.

The cell complements Ola Electric’s existing NMC 4680 Bharat Cell portfolio. By developing both chemistries on a common 46-series architecture, the company intends to increase domestic value addition and reduce reliance on imported battery technology.

‘The successful certification and qualification of this cell reflects the strength of our R&D, engineering, and manufacturing capabilities, while reinforcing our commitment to developing world-class battery technologies in India. As we continue to expand our in-house cell portfolio, we are creating the technological foundation required to accelerate EV adoption, support future energy storage solutions, and strengthen India’s energy independence,’ the company said in a statement.

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Hindustan Zinc has signed a Memorandum of Understanding (MoU) with Advantek Associates and Aero Eagle Automobiles to explore the use of green hydrogen and clean energy solutions.

The company aims to evaluate hydrogen applications across its operations, including underground mining, heavy earth-moving machinery and surface vehicles.

This partnership is part of the company’s strategy to achieve Net Zero by 2050. It marks an effort to integrate hydrogen fuel into mining, an industry that remains difficult to decarbonise.

Arun Misra, CEO, Hindustan Zinc, said, “At Hindustan Zinc, we are focused on pioneering solutions that can redefine the future of sustainable mining. Hydrogen has the potential to support cleaner mobility, reduce emissions from heavy-duty equipment and create new pathways for decarbonising hard-to-abate industrial operations. This collaboration is a forward-looking step in evaluating hydrogen-based technologies, including their potential application in underground mining, as we continue to build a future-ready metals business aligned with global sustainability benchmarks.”

The collaboration will follow a phased approach, beginning with feasibility studies covering green hydrogen generation, storage and dispensing infrastructure. Assessment of Hydrogen Internal Combustion Engine (H2-ICE) and fuel cell technologies. Potential use in underground mining equipment, heavy earth-moving machinery and power generators.

This initiative aligns with Hindustan Zinc’s ESG roadmap and its commitment to the Science Based Targets initiative (SBTi). The company has already increased its renewable energy usage to nearly 18 percent of its power mix. Hindustan Zinc was ranked as a sustainable metals and mining company in the S&P Global Corporate Sustainability Assessment 2025.

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KPIT Technologies has inaugurated a new technology centre in Hanoi, Vietnam, marking an expansion of its operations in Southeast Asia. The company has also established strategic partnerships with the Hanoi University of Science and Technology (HUST) and VinUniversity.

The new facility will serve as a hub for engineering and innovation, supporting mobility programmes across the Asia-Pacific region. KPIT currently employs local engineers in Vietnam and plans to add over 100 positions in the near future.

The partnerships with HUST and VinUniversity aim to foster industry-academia collaboration, develop talent in the mobility sector, and create employment opportunities for students and professionals.

Sachin Tikekar, President & Joint MD, KPIT Technologies, said, “Vietnam is an important long-term market and talent hub for KPIT in Southeast Asia. We see strong potential in its talent, energy, and pace of innovation, with both homegrown and global vehicle makers continuing to invest in the country. With our new technology centre and partnerships with leading universities, we are committed to building local talent, creating high-quality jobs, and establishing a meaningful long-term presence in the region.”

KPIT aims to support the mobility industry’s focus on manufacturing efficiency, vehicle development speed, and consumer experience. The company currently operates in markets including Germany, Japan, the USA, China and India.

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AutoVRse, a Bengaluru-based enterprise VR platform, has secured USD 2.4 million in a funding round co-led by Singularity AMC’s Large Value Fund III and Early Opportunities Fund, with continued participation from Lumikai. The investment arrives as automotive manufacturers face pressure from the EV transition, complex assembly, supply chain disruptions, labour shortage, and production line defects. Many of the world’s largest auto makers have already turned to AutoVRse’s technology.

The company provides VR simulation and smart-glasses-enabled field guidance for manufacturing, heavy industry and energy. It serves over 500,000 users across 50 enterprise clients in North America, Europe the GCC, and India, including Bosch, TVS Motors, Ashok Leyland, Tata Autocomp, Panasonic, KPIT and Godrej.

Three forces are driving Indian automotive interest in AI-driven training. The EV shift has made legacy internal combustion engine training obsolete, forcing manufacturers to rebuild training libraries. A shortage of skilled labour has made faster onboarding a necessity. AI-powered smart glasses now enable real-time guidance for line workers. Use cases include assembly training for new vehicle launches, EV battery safety, quality inspection and technician training for ADAS-equipped vehicles.

With the new capital, AutoVRse plans to expand its smart-glasses-based guidance product, which it believes will become standard on assembly lines within two years. It also aims to scale its North American presence, where deployments are running at several Fortune 500 firms, while strengthening its dominance in India and the GCC.

Ashwin Jaishanker, Co-Founder and CEO, AutoVRse, said, “AutoVRse moves safety and training culture from documentation to evidence. Our training products meet workers where they are – e-learning modules, dynamic SOPs, VR simulations – so they're certified before they ever go on-site. Our AI products replace tedious safety busywork like form-filling and performative inspections with real intelligence: helping workers make better decisions in dangerous situations or catch unsafe conditions before they arise. We're grateful to Singularity AMC for backing this vision, and to Lumikai, who've believed in this bet for years.”

Vikram Jaish, Head – HSE, WCL Pipes Anjar, Welspun Corp, said, “Pipe coating operations involve multiple high-risk touchpoints where early hazard recognition is critical. With AutoVRse’s VR training, our teams can experience and identify these hazards in a realistic, controlled environment before stepping onto the shop floor. This has significantly improved awareness, preparedness and safe decision-making compared to traditional training methods.”

Yash Kela, Founder & Chief Investment Officer, Singularity AMC, said, “Most people think of AI in the context of consumer apps. AutoVRse is creating real impact with AI on the assembly line, and that is what our investment thesis is built on. The company operates at the intersection of AI and India's manufacturing revolution. We believe this is how the world will train and operate its industrial workforce over the next 10 years. AutoVRse sits at the edge of a massive, largely untapped market, and we believe the growth from here will be extraordinary.”

Aditya Deshpande, Principal, Lumikai, said, “We're thrilled to deepen our partnership with AutoVRse as they build out cutting-edge AI and VR infrastructure for Fortune 500 enterprises. With VRseBuilder, AutoVRse has demonstrated how immersion, participation and personalisation are finding consequential real-world applications across industrial training in warehouses, labs, plants and field operations of high-precision industries such as pharma, life sciences, manufacturing and petrochemicals, globally. We're excited to back Ashwin, Adarsh and the team as they make immersive AI the operating layer for global industry.”

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