• 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. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio 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. 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. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio 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.
  • Honeywell Introduces Hybrid Heating Solution for Industrial Process Electrification

    Hybrid Heating Solution

    Honeywell (NASDAQ: HON) has introduced its Hybrid Heating Solution, a flexible and automated technology designed to help industrial manufacturers potentially lower operating costs and carbon emissions by integrating traditional natural gas and electric energy sources for industrial process heating.

    The new Hybrid Heating Solution allows manufacturers to automate heating controls and switch energy sources in real time from natural gas to electricity for industrial heating.

    This approach helps optimize energy costs while reducing reliance on a single fuel source. Designed for seamless integration with existing infrastructure, the system can deliver up to 30% electric heating capacity at any given time.

    Also Read: SAF One to Deploy Honeywell UOP Ecofining Process with Tata Projects as EPC Partner

    The solution also offers predictive diagnostics and remote monitoring capabilities, providing greater operational visibility and precision for manufacturers across industries such as automotive, building materials, and food and beverage.

    Hybrid Heating Solution Enables Automated Energy Switching for Industrial Heating

    “Hybrid solutions offer a practical way for energy-intensive industrial manufacturers to not only alleviate strain off the grid, but also to help advance the energy transition at a global scale,” said John Villali, Senior Research Director at IDC Energy Insights.

    “As companies work to curb emissions and reliance on fossil fuels, their supply chains can play a critical role to help meet decarbonization goals by leveraging electrical power, including renewable sources.”

    “Today’s manufacturing landscape is increasingly challenged by rising energy costs and the need to cut back on fossil fuel usage while increasing productivity” said Tim Lee, President of Honeywell Thermal Solutions.

    Also Read: Honeywell Launches Smart Shopping Platform to Personalize In-Store Experiences Using AI

    “By merging traditional and electrical energy, including renewables, Honeywell is addressing industry challenges by offering a flexible and realistic path to emissions reduction for companies that require energy-intensive heat in their manufacturing processes.”

    In facilities where manufacturers have onsite wind, solar or battery energy storage to produce electricity, operators may be able to leverage those renewables to lower the carbon emissions of their heating operations, to the extent permitted by law.

    Honeywell’s Hybrid Heating Solution is commercially available and is currently in production across multiple manufacturing verticals following successful pilot implementations.

    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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