• Startup Pulse
    altM raises $10.3 million in a Series A round led by Rainmatter by Zerodha and Mela Ventures, with Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact and strategic angel investors participating. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal. altM raises $10.3 million in a Series A round led by Rainmatter by Zerodha and Mela Ventures, with Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact and strategic angel investors participating. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal.
  • NITI Aayog Launches India Electric Mobility Index to Accelerate State-Level EV Adoption

    India Electric Mobility Index

    New Delhi: In a landmark initiative to accelerate India’s transition towards sustainable transportation, NITI Aayog has launched the India Electric Mobility Index (IEMI) – a first-of-its-kind national framework designed to benchmark and evaluate the electric mobility progress of all Indian States and Union Territories (UTs).

    The IEMI was officially released by Rajiv Gauba, Member, NITI Aayog, in the presence of B V R Subrahmanyam, CEO, NITI Aayog, O P Agarwal, Distinguished Fellow at NITI Aayog, and Sudhendu Sinha, Programme Director – E-Mobility.

    This pioneering tool offers a holistic, data-driven approach to assess state-level advancements in the EV ecosystem and catalyze India’s journey towards net-zero emissions by 2070.

    Also Read: ZF Begins Local Production of Electric Park Brake System for Indian EV Platform

    Transparent Evaluation Across Three Key Dimensions

    The India Electric Mobility Index evaluates all States and UTs on a 100-point scale based on 16 carefully selected indicators under three core pillars:

    • Transport Electrification Progress – measures EV adoption trends and usage.
    • Charging Infrastructure Readiness – assesses availability, scalability, and accessibility of public and private EV charging stations.
    • EV Research and Innovation Status – captures the maturity of EV supply chain, investments, and R&D activities.

    The Index fosters competitive federalism by encouraging healthy competition among states while spotlighting best practices and policy innovations. It is designed to assist policymakers in identifying actionable gaps, informing evidence-based interventions, and ensuring that e-mobility growth is equitable, inclusive, and regionally balanced.

    Also Read: Born-Electric Scooters: Kinetic Green Partners with Torino Design for Futuristic EVs

    A Tool to Empower States and Strengthen Policy Implementation

    Commenting on the launch, Rajiv Gauba noted, “The India Electric Mobility Index provides a transparent and comparative framework that empowers states to evaluate their progress in electrification, infrastructure, and innovation. It enables benchmarking, gap identification, and knowledge exchange that can fast-track India’s EV transformation.”

    B V R Subrahmanyam added, “NITI Aayog continues to lead India’s EV revolution, and the IEMI is a strategic step forward in achieving our decarbonized, energy-resilient future. It builds on our existing efforts to drive policy convergence, innovation, and investment in the electric mobility ecosystem.”

    Accessing the India Electric Mobility Index Resources

    The public-facing IEMI Dashboard and full IEMI 2024 Report are now accessible:

    The launch of the India Electric Mobility Index marks a critical milestone in India’s journey to becoming a global leader in sustainable transportation and clean energy innovation. It is expected to drive data-backed planning and collaborative momentum among states, central ministries, and private stakeholders, fostering a robust electric vehicle ecosystem nationwide.

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

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