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!

South Korean auto major Hyundai Motor Group has appointed Junghyun Kwon as Executive Vice-President and Head of the Autonomous Driving Development Center.

Kwon will oversee software engineering, deep learning integration, perception systems and commercialisation pathways for the group's autonomous mobility programs, reporting directly to Minwoo Park, President and Head of the Advanced Vehicle Platform (AVP) Division.

He joins the group following technical management roles in software development and artificial intelligence across international technology firms. Kwon previously managed autonomous driving software development and deployment at NVIDIA before directing intelligent robotics development at Samsung Electronics. His technical background covers machine learning models, computer vision systems and vehicle perception frameworks.

The executive appointment forms part of a broader recruitment sequence targeting software-defined vehicle architectures and autonomous driving systems.

Earlier in July, Hyundai Motor Group appointed Dongwuk Kim as Senior Vice-President and Head of the SDV Platform Development Center, following his work on wireless communication systems for mobile devices, robotics and vehicles at Apple and Tesla. The group also added Jeremy Ma as Senior Vice-President and Head of AVP Silicon Valley, drawing on his experience in robotics and autonomous systems at Apple, Toyota Research Institute and NVIDIA.

Comments (0)

ADD COMMENT

Link Copied!

Automechanika Frankfurt, one of the leading automotive aftermarket trade fairs, will introduce a technology exchange platform, named ‘HighTech4Mobility’, in September 2026.

The format will address the impact of software-defined vehicles, connected platforms, and artificial intelligence on vehicle maintenance, parts distribution and aftersales business models.

The event will gather original equipment manufacturers, Tier-1 suppliers, software companies, investors and workshop representatives at the Festhalle venue. Program topics encompass software architectures, advanced driver assistance systems, autonomous driving, cybersecurity, data management and digital services. Discussions will evaluate how vehicle data access, over-the-air software updates, and predictive diagnostics alter traditional repair and service workflows.

Olaf Mubhoff, Director, Automechanika Frankfurt, said, “The pace of technological development in the mobility sector is breathtaking. This means it is more important than ever that developments are quickly recognised and understood, so that people can share their experiences and assess the opportunities presented by new technologies. HighTech4Mobility addresses this need by providing a forum for exchange between key industry players.”

The event schedule includes joint presentations on artificial intelligence applications in aftersales by the IBM Institute for Business Value, Google Cloud and the Boston Consulting Group.

Benteler Mobility will present developments in autonomous driving and robotics, while German digital association Bitkom will conduct sessions on cybersecurity in software-defined vehicles. Additionally, the Technical University of Braunschweig will provide two demonstration vehicles to test vehicle monitoring software.

The platform follows a series of pre-fair events, including the HEY/PIONEER receptions in Berlin and Las Vegas, the Innovation4Mobility Talk in Munich and webinars hosted with industry partners.

Comments (0)

ADD COMMENT

Link Copied!

Daimler Truck, the Volvo Group, Cellcentric, and Toyota Motor Corporation have signed a binding agreement for Toyota to join Cellcentric as an equal partner and shareholder. Under the terms of the deal, each owner will hold a one-third stake in the joint venture.

The binding contract follows a non-binding agreement signed in March. Completion of the transaction is expected by the end-2026 or early-2027 and remains subject to regulatory approvals.

Through the partnership, the companies intend to expand Cellcentric’s technological lead, industrial scale and competitiveness in fuel cell systems for heavy-duty commercial applications. The partners also plan to work with industry associations and entities across the hydrogen value chain to support hydrogen supply and infrastructure development.

Cellcentric will continue to operate as an independent company, supplying heavy-duty on-road and off-road transport, as well as applications such as coaches, stationary power generation, rail and heavy off-highway equipment.

Daimler Truck, the Volvo Group and Toyota Motor Corporation will continue to compete independently across all other business areas.

Comments (0)

ADD COMMENT

Link Copied!

InfiMotion hosted the launch event for the Geely 16-in-1 intelligent electric drive system at its headquarters in Wuxi on July 16. The electric drive system is scheduled for debut in the Geely Galaxy TT series.

The company operates research and development (R&D) centres in Wuxi, Shanghai, Ningbo, Hangzhou and Gothenburg, supported by a testing facility featuring a 30,000 rpm motor test bench and five production bases in China. InfiMotion supplies electric drive solutions to automotive brands including Geely, Volvo and Jaguar Land Rover.

Joe, CEO of InfiMotion, highlighted InfiMotion’s global R&D footprint spanning Wuxi, Shanghai, Ningbo, Hangzhou and Gothenburg, Sweden. More than 1,000 engineers, including over 100 specialists in Sweden, work collaboratively through a cloud‑based development platform, enabling synchronised hardware, software and algorithm development across continents.

“Global collaboration is not simply about working across different locations – it is about moving at the same pace. Our development process is built around real‑world global driving conditions, from sustained high‑speed operation on Germany’s unrestricted highways, to sub‑zero cold starts in the Nordic region, and continuous high‑load performance in Southeast Asia’s hot and humid climate,” said Joe. 

Comments (0)

ADD COMMENT

Link Copied!