ThinKuvate Backs Rosh.ai and Zippee Among Others In Early Age Seed Round
- By MT Bureau
- September 30, 2024
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.”
Valeo to Manufacture Localised ADAS System In Gujarat For Indian CV OEM
- By MT Bureau
- May 15, 2026
French automotive supplier Valeo has been nominated by a major Indian automotive manufacturer to supply its Valeo Smart Safety 360 (VSS360) system for commercial vehicles.
The advanced driver assistance system (ADAS) is designed specifically for the Indian market and will be produced at Valeo's manufacturing facility in Sanand, Gujarat.
The VSS360 is a ‘one-box’ ADAS solution that integrates radar fusion directly into a smart front camera. This design allows vehicle manufacturers to remove individual Electronic Control Units (ECUs), reducing costs and simplifying integration into existing vehicle architectures.
A significant technical feature of the system is the Univolt Camera, which is compatible with both 12V and 24V electrical architectures, allowing it to be used in vehicles ranging from Light Commercial Vehicles (LCVs) to heavy-duty trucks.
The system utilises three radars and one camera to provide a suite of safety and comfort functions, including:
- Moving Off Information System: Protects pedestrians and cyclists during vehicle pull-away.
- Blind Spot Information System: Monitors side zones for vulnerable road users.
- Standard ADAS Functions: Includes Forward Collision Warning, Automatic Emergency Braking, and Lane Departure Warning.
- Driver Monitoring: Software that detects driver drowsiness and fatigue to mitigate accident risks.
The system has been tailored to meet upcoming General Safety Regulations in India and handles unpredictable traffic conditions common on Indian roads. It also supports over-the-air (OTA) updates to maintain software performance throughout the vehicle's lifecycle.
Marc Vrecko, CEO, Valeo Brain Division, said, "This award demonstrates how our high-end ADAS technology can perform in the world’s most demanding environments while drastically improving road safety. India is a cornerstone of our 'Elevate 2028' strategy and Valeo is committed to providing high-tech, scalable, and cost-optimised safety solutions that meet the specific requirement of Indian roads."
Jayakumar G, Group President & Managing Director, Valeo India, added, "This award marks an important milestone in expanding our ADAS portfolio in the commercial vehicle segment in India. By localising these advanced solutions, we aim to deliver highly competitive products tailored to our customers’ needs. Regulatory momentum is a key driver accelerating ADAS adoption and supporting our journey towards safer and smarter mobility in India."
- Hyundai Motor Group
- Hyundai Centre of Excellence
- IIT Kanput
- IIT Hyderabad
- VNIT Nagpur
- Tezpur University
- IIT Madras
- IIT Delhi
- IIT Bombay
- Chang Hwan Kim
Hyundai Motor Group Expands Academic Consortium For Electrification Research in India
- By MT Bureau
- May 15, 2026
Hyundai Motor Group has expanded its Center of Excellence (Hyundai CoE) in India by forming a consortium with 7 universities to conduct research into battery and electrification technologies.
This initiative adds IIT Kanpur, IIT Hyderabad, VNIT Nagpur and Tezpur University to the existing partnership established in 2025 with IIT Madras, IIT Delhi and IIT Bombay.
The Group is managing 39 joint projects through these institutions, focusing on battery cell safety, energy density and diagnostic systems. Research is specifically directed toward battery designs and materials intended for the Indian environment.
Technical work also includes the development of an AI-powered Vehicle-to-Grid (V2G) platform and advancements in Battery Management Systems (BMS).
To facilitate technical exchange, the Group has introduced a Korea Visiting Programme for researchers and a series of global conferences and forums. These programmes are designed to connect government, industry, and academic leaders to discuss emerging electric vehicle (EV) technologies and share technical insights between India and Korea.
Chang Hwan Kim, Head of the Electrification Energy Solutions Tech Unit, Hyundai Motor Group, said, “By bringing together the distinguished professors and emerging researchers from these seven institutes, we can create powerful synergies that will yield immense value for both Hyundai and India's sustainable growth. I strongly believe that the Hyundai CoE will grow to become the premier expert network of the Indian academic community”.
The long-term objective of the project is to establish a research hub that provides solutions for the domestic automotive industry and supports the transition to electric mobility through local talent and institutional expertise.
NXP And Quanta Partner To Deliver Deterministic Zonal Networking For SDVs
- By MT Bureau
- May 14, 2026
NXP Semiconductors has announced a collaboration with Quanta to launch a deterministic zonal networking solution designed for next-generation Software-Defined Vehicle (SDV) architectures.
The platform combines NXP’s S32 automotive processing platform with TrustMotion’s MotionWise middleware to provide predictable, real-time communication across vehicle networks.
The solution is engineered to solve a primary challenge for automotive manufacturers: ensuring precise timing across distributed compute and network components. By providing end-to-end determinism, the platform reduces the risk of errors during late-stage system integration.
The solution features an automated workflow for topology discovery and schedule generation designed to accelerate SDV program timelines. It combines NXP S32 processors, SJA1110 TSN-enabled switches and multi-PMIC power management into a single, validated system.
It provides low jitter and predictable latency across Electronic Control Units (ECUs) and in-vehicle networks, supporting Quality of Service (QoS). Thus making it scalable to support latency-sensitive applications including audio over Ethernet, high-performance compute (HPC) integration and real-time control.
Sebastien Clamagirand, SVP and GM, NXP Semiconductors, said, “Software defined vehicles require a fundamentally different approach to vehicle architecture – one that delivers deterministic timing across both compute and network at scale. We are helping OEMs overcome the limitations of legacy architectures, reduce integration risk and accelerate development of scalable zonal systems.”
Terrisa Chung, Vice-President and General Manager, Quanta, added, “Quanta’s Adaptive Zonal System is designed to deliver deterministic performance and system level scalability for next generation vehicle platforms. Working with NXP, we’re providing a ready to deploy foundation that helps our customers move faster while meeting strict timing, safety, and reliability requirements.”
The partnership aims to streamline the transition from domain-based designs to zonal E/E systems. NXP and Quanta have also confirmed they are working toward aligning this solution with the NXP CoreRide zonal reference system to support broader SDV integration in future vehicle programs.
Volvo Cars Selects Aptiv’s Gen 8 Radar For Next-Generation Safety Systems
- By MT Bureau
- May 13, 2026
Aptiv has announced that Volvo Cars has awarded its Gen 8 radar platform for deployment in future vehicle programs, with production scheduled to begin in 2028.
The partnership centres on enhancing the perception capabilities of Volvo’s Advanced Driver Assistance Systems (ADAS) as both companies shift toward software-defined architectures.
The Gen 8 platform is Aptiv's latest advancement in high-resolution sensing, utilising proprietary antenna and silicon designs to support AI-powered and machine learning-powered safety functions.
Key Capabilities of the Gen 8 Radar Platform:
- High-Resolution Perception: Superior angular measurement and discrimination allow the system to resolve complex driving scenarios with high precision.
- Environmental Robustness: Engineered to maintain high performance in adverse weather and challenging urban environments where traditional sensors may struggle.
- Sensor Fusion Optimisation: Designed for seamless integration with cameras and other perception layers, providing a more reliable "world model" for the vehicle's computer.
- Scalability: A modular architecture that allows Volvo to deploy the technology across various vehicle lines and global markets efficiently.
Alwin Bakkenes, Head of Software Engineering at Volvo Cars, said, “Volvo Cars has always been guided by a belief that safety should be designed around people and real‑world driving conditions. Aptiv’s Gen 8 radar platform helps us deliver even more robust perception capabilities to our advanced driver assistance systems across increasingly complex environments and driving scenarios.”
Matthew Cole, Senior Vice President, Sensors & Compute at Aptiv, added: “Volvo Cars’ commitment to protecting people inside and outside the vehicle has set the benchmark for automotive safety. Aptiv’s Gen 8 radar was designed with that same purpose in mind: delivering dependable, high-resolution perception that performs in a wide range of use cases and environmental conditions. We’re proud to support Volvo Cars as they continue advancing their safety ambitions across future vehicle programs.”
The collaboration reinforces Volvo Cars' long-term safety mission – aiming for a future with zero accidents, while positioning Aptiv as a primary technology partner in the evolution of intelligent, software-led vehicle safety systems.

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