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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Zenobe, a fleet electrification and battery storage specialist, has acquired California-based Revolv to expand its electric truck operations in the United States. The transaction marks Zenobe's entry into the North American commercial fleet and truck segment.

The acquisition adds to Zenobe's established portfolio in student transportation and public transit across the U.S. and Canada.

Key additions to Zenobe’s network include:

• Operational Sites: 13 customer sites located in California.
• Fleet Size: More than 100 electric trucks integrated into the service network.
• Project Pipeline: Additional commercial projects currently under development.

Zenobe intends to integrate the Revolv team to maintain continuity for existing customers and leverage regional expertise. The combined platform provides end-to-end solutions, including vehicle provision, charging infrastructure, financing and battery lifecycle management.

The expansion follows a period of growth in the U.S. Zero Emission Truck (ZET) market, where over 59,000 vehicles have been deployed nationwide. Zenobe’s strategy focuses on a battery-as-a-service (BaaS) model, which involves performance guarantees and the management of second-life battery applications to reduce risks for fleet operators.

The acquisition is supported by Zenobe’s major investors, KKR and Infracapital, as part of a broader effort to scale electrification in hard-to-decarbonise sectors.

Andreas Lips, President of EV North America, Zenobe, said, “Revolv's end-to-end fleet electrification model is highly complementary to Zenobe's global experience and our growth plans in North America. As commercial fleet electrification enters its next phase, operators are increasingly seeking partners who can deliver vehicles, infrastructure, financing and long-term battery performance under one roof. This acquisition strengthens our ability to provide flexible, end-to-end solutions at scale across North America.”

Steven Meersman, Founder Director, Zenobe, said, “This is a strong opportunity to accelerate electrification at scale, by pairing Revolv's fleet electrification platform with our deep experience and unique financing models. We're grateful to Revolv CEO Scott Davidson and the team at GDEV Management for backing Revolv early on. Now we are taking it to the next stage.”

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51WORLD has been named as Nvidia’s global Level 4 simulation partner. The companies announced an integration between Nvidia Omniverse NuRec and 51WORLD’s SimOne platform during the Nvidia GTC Conference on 16 March 2026.

The collaboration utilises neural rendering technology to convert static, real-world collected scenario data into interactive simulation environments. This process is intended to address limitations in autonomous driving development workflows by making recorded data reactive.

The platform is designed to support the training of reasoning-based autonomous systems, including – world models, vision-language-action (VLA) models and physical AI development tools.

By transforming real-world data into interactive simulations, the integration increases the volume and variety of edge cases available for developers working on Level 4 autonomous systems.

At present, 51WORLD holds a 53.5 percent share of the L3+ simulation market in China. The partnership with Nvidia is intended to extend the company's reach into international autonomous driving programmes and provide development tooling for global automotive partners.

The announcement coincided with several related partnerships involving Nvidia’s DRIVE Hyperion, Omniverse and Alpamayo technologies, focused on the advancement of autonomous vehicle platforms.

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Volvo Cars has earned the highest possible rating for software-defined vehicle (SDV) capabilities from S&P Global Mobility, standing alone among legacy automakers as the only one to achieve a Level 5 designation. This top-tier ranking underscores the company’s capacity to enhance nearly all aspects of a vehicle throughout its lifespan, delivering greater long-term value to customers. Through over-the-air (OTA) updates, Volvo can introduce new safety functions, accelerate charging speeds, extend driving range and refine the overall user experience.

The transition to software-defined vehicles represents a transformative leap for Volvo, empowering its cars on the road to continuously evolve and setting a new benchmark for safety. As part of its most significant technological overhaul in nearly a century, the company now leverages real-world data to generate insights that inform the development of future safety and driver assistance systems.

Central to this capability is HuginCore, Volvo’s internally developed core system. Featuring a sophisticated electrical architecture, a central computing platform, zone controllers and integrated software, HuginCore is the foundation of the company’s three software-centric models: the EX90, ES90 and EX60. This architecture enables scalable enhancements, faster innovation cycles and superior experiences across the entire vehicle lineup.

S&P Global Mobility, a premier provider of automotive intelligence, offers the comprehensive data and expert analysis that informed this evaluation, assisting the industry in making more informed, lower-risk decisions.

Håkan Samuelsson, CEO, Volvo Cars, said, “Years of focused engineering efforts and investments have given Volvo software capabilities that only a select few in the industry have achieved. This has enabled us to deliver a step change in customer experiences and development speed.”

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Marelli has developed an AI-driven System Test Generation (STG) Agent in collaboration with Amazon Web Services (AWS). The tool automates the creation of system test cases from engineering requirements, addressing a traditionally labour-intensive phase of the automotive validation cycle.

The STG Agent was developed alongside the AWS Generative AI Innovation Center and utilises Amazon Nova foundation models, Amazon Bedrock Knowledge Bases and the Strands Agents framework.

The system is designed to integrate with existing requirement management tools and automotive engineering workflows. By automating the analysis of system requirements, the tool identifies expected behaviours and generates structured, traceable test cases to verify that product features align with customer specifications.

As vehicle platforms transition toward software-defined architectures, engineering teams must manage increasing volumes of data and specifications. The STG Agent aims to reduce validation time for new vehicle functionalities, improve consistency in product behaviour across global programmes and accelerate product development for vehicle manufacturers.

Daniele Russo, Head of System Performance Optimisation in Marelli’s Electronics Engineering team, said, “The STG Agent represents an important step forward in how we validate solutions for software-defined vehicles. By combining our engineering expertise with advanced AI capabilities from AWS, we significantly accelerate validation cycles and ensure consistent quality across global programs. This solution enables us to support our customers faster and more efficiently, strengthening the foundation for the next generation of software-defined vehicles.”

Giulia Gasparini, Country Leader of AWS Italia, commented, "Marelli's approach to automating system validation demonstrates the transformative potential of generative AI in automotive engineering. By leveraging Amazon Nova foundation models and Amazon Bedrock, companies are setting new standards for how software-defined vehicles are developed and validated. This solution shows how advanced AI can accelerate innovation while maintaining the rigorous quality and safety requirements that define the automotive industry."

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