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.”

Comments (0)

ADD COMMENT

Link Copied!

Bengaluru-based Daimler Truck Innovation Center India (DTICI) has appointed Radhakrishnan Kodakkal as its new Managing Director and Chief Executive Officer. He succeeds Raghavendra Vaidya, who has transitioned to the role of Global Chief Information Officer at Daimler Truck.

In his new position, Kodakkal will oversee the expansion of engineering and digital capabilities at the Bengaluru hub. His remit includes the acceleration of innovation in coordination with the global product engineering, technology and IT teams of Daimler Truck.

Kodakkal joins DTICI with 30 years of experience in technology, engineering, and research and development. He previously served as Global Head of Integrated Technology and Vice-President at Whirlpool Corporation, where he managed R&D operations and digital transformation strategies. His career has focused on the delivery of connected and intelligent technology solutions within multinational organisations.

DTICI serves as a strategic hub within the global Daimler Truck ecosystem, focusing on software, digital platforms and IT operations. The centre supports the parent company’s objectives in developing sustainable and connected transportation solutions.

Key focus areas for the new leadership include:

• Global Collaboration: Aligning Indian engineering output with international product cycles.
• Digital Platforms: Scaling software-defined vehicle technologies and IT infrastructure.
• Innovation Delivery: Transforming research into scalable automotive applications.

Thomas Ulm, Chairman, Daimler Truck Innovation Center India, said, “Radhakrishnan brings deep expertise in technology and engineering, complemented by strong global leadership experience and a proven ability to build and scale innovation. As DTICI continues to play a central role in Daimler Truck’s global engineering and IT network, we are confident that his leadership will further strengthen DTICI’s position as a trusted innovation and delivery hub across the global Daimler Truck ecosystem. I would like to express my sincere thanks to Raghavendra Vaidya for his outstanding leadership and strategic vision. Under his guidance, DTICI has grown into an integral part of Daimler Truck. We look forward to continuing our strong collaboration in his new role as CIO of Daimler Truck.”

Radhakrishnan Kodakkal, stated, “I am excited to step into this role and build on the strong foundation that has been established. The automotive industry is experiencing a period of significant transformation and there’s no better time to be part of it than now. DTICI has grown into a pivotal technology and innovation hub for Daimler Truck, driven by exceptional talent in India. I look forward to collaborating closely with colleagues across the globe to deliver solutions that are scalable, sustainable, and future-ready.”

Comments (0)

ADD COMMENT

Link Copied!

TIP Group has announced the appointment of Maurice Meijer to the newly established position of Chief Digital and Information Officer. This strategic role underscores the increasing significance of digital innovation, data management and technology in advancing the company’s long-term Strategy 2030 objectives. As TIP expands its footprint as a comprehensive transportation services provider across 17 European nations, the integration of digital solutions is viewed as essential to fostering operational efficiency, business growth and superior customer engagement.

In his capacity as CDIO, Meijer will lead the formulation and execution of the group’s digital and technological roadmap. His responsibilities encompass overseeing digital platforms, enhancing data analytics capabilities, managing IT infrastructure and strengthening cybersecurity protocols. The goal is to build resilient, scalable systems that align with TIP’s future ambitions.

Meijer joins with a robust background in board-level technology leadership. He previously served as Chief Technology and Information Officer at Nederlandse Loterij, where he spearheaded major digital transformations across various brands and platforms. Prior to that, he held key roles in digital strategy, product development and operations within both the technology sector and public institutions. Additionally, he is involved in supporting early-stage tech startups as an investor and founding partner.

His educational credentials include executive programmes at Nyenrode University and INSEAD, along with a degree in international business management. Meijer is recognised for blending strategic commercial insight with practical technological expertise.

Arjen Kraaij, President & CEO, TIP Group, said, “Digitalisation is central to TIP’s future success. With Maurice, we are bringing in a strong business and technology leader who will help us simplify complexity, strengthen our digital foundations and accelerate execution across the Group. His leadership will be instrumental as we translate our Strategy 2030 ambitions into practical, value-creating solutions for our customers and our teams.”

Meijer said, “I’m really looking forward to joining TIP at this important stage in its journey. With strong foundations, great people and clear ambitions under Strategy 2030, there’s a lot to build on. At the same time, we’re ready to take the next step by accelerating our shift towards more digital solutions. By embracing digital, data and AI in a focused and practical way, we’ll turn opportunities into solutions that truly improve the customer experience and make day-to-day work simpler, smarter and more effective for both our customers and our teams.”

Comments (0)

ADD COMMENT

Link Copied!

Swedish battery technology firm Holyvolt has finalised the acquisition of US-based materials specialist Wildcat Discovery Technologies in a deal valued at USD 73 million. The transaction consists of a combination of cash, equity and deferred milestone payments.

The merger integrates Wildcat’s High Throughput Platform (HTP) for material synthesis with Holyvolt’s water-based screen-printing production processes. The combined entity intends to operate as a technology development partner for the automotive, aerospace and energy storage sectors, offering licensing and pilot-scale production services.

Wildcat’s HTP system allows for the simultaneous screening of thousands of material combinations. This method is reported to be up to 10 times faster than standard research and development protocols, generating terabyte-scale datasets suitable for machine learning and AI applications.

Key capabilities of the integrated group include:

• Material Discovery: Use of combinatorial chemistry to identify optimal battery systems.
• Manufacturing Process: Holyvolt’s water-based processing serves as a replacement for conventional organic solvent-based slurries.
• Data-Driven Optimisation: Integration of structured datasets into AI models to accelerate development cycles.
• Sustainability: Focus on cobalt- and nickel-free materials to reduce capital requirements and supply chain dependencies.

The acquisition follows a EUR 20 million funding round for Holyvolt. The new group aims to address production costs and supply chain independence in Europe and North America by combining chemistry expertise with modular manufacturing technology.

Mathias Ingvarsson, Founder & CEO, Holyvolt, said, “The acquisition of Wildcat is a perfect complement to our intended strategy of developing new technologies for the battery industry. Holyvolt is focused on developing new processes to make batteries cleaner and more affordable, and Wildcat has been pursuing the same goals via materials development and better chemistry. Combined, we are building what we believe is the most compelling technology to deliver on these objectives.”

Mark Gresser, President and CEO, Wildcat Discovery Technologies, stated, “The Wildcat team is thrilled with this acquisition by Holyvolt. Mathias and team are very thoughtful with regard to their objectives in the battery industry, and recognise the value that Wildcat’s High Throughput Platform can deliver to our combined company and the industry at large. With Holyvolt’s vision and financial backing, Wildcat can finally unlock the true potential of high throughput combinatorial chemistry for battery materials.”

Prof. Peter Schultz, Founder, Wildcat Discovery Technologies, noted, “With Holyvolt, we can do for batteries what high throughput and AI have done for drug discovery.”

Comments (0)

ADD COMMENT

Link Copied!

Chinese automotive major BYD has revealed its second-generation Blade Battery alongside FLASH Charging technology, aimed at improving charging speeds and battery performance in low temperatures.

The system achieves a claimed charge from 10 percent to 70 percent state of charge (SOC) in five minutes, and reaches 97 percent in nine minutes. In temperatures of -30deg C, the charging time from 20 percent to 97 perrcent increases by three minutes compared to performance at room temperature.

The second-generation Blade Battery increases energy density by 5 percent over the previous version. To manage thermal loads during rapid charging, BYD integrated a ‘Lithium-Ion High-Speed Channel’ and a thermal management system.

Key technical specifications include:

• Range: The Denza Z9GT, equipped with this battery, achieves a range of 1,036 km.
• Thermal Management: Full-spectrum systems to regulate heat dissipation.
• Safety Standards: The battery has passed national safety tests regarding puncture and thermal runaway.
• Infrastructure: A world-leading single-connector output of 1500 kW.

BYD plans to build 20,000 FLASH Charging Stations in China by end-2026, with a global rollout scheduled to follow. These stations will feature a pulley-based charger design to improve user ergonomics and keep cables off the ground.

To manage the high-power requirements of 1500 kW charging, the stations use energy storage systems to buffer the demand, reducing the load on the local power grid.

Comments (0)

ADD COMMENT

Link Copied!