Category: All News

Zenergize Technologies, an R&D-driven deep-tech company developing indigenous Silicon Carbide (SiC)-based power electronics, has raised USD 4 million in a Pre-Series A funding round comprising equity and venture debt. The round was led by Giraffe Studios, which increased its existing investment in the company, with participation from prominent industrial entrepreneurs and existing investors.

The fundraise follows strong commercial traction for Zenergize, which has achieved an annual revenue run rate of ₹30 crore and built an order book exceeding ₹100 crore within a year of commercialization. The company plans to use the fresh capital to expand manufacturing capacity, strengthen engineering and R&D capabilities, and expand its sales and service network across India.

Zenergize has developed indigenous SiC-based DC fast chargers and solar inverter platforms, with its chargers receiving automotive certifications and its solar inverters obtaining BIS certification. The company is also expanding into hybrid inverters and Battery Energy Storage System (BESS) inverters.

The investor group includes Nikhil Sawhney of Triveni Turbine, Varun Agarwal of Ellenbarrie Industrial Gases, Shyam Bagri of Bagrry’s Holdings, Raoul Bajaj of Trafigura, Sunil Kalra, Ajith Pai and Sandeep Barasia, among others. The investors are expected to support manufacturing scale-up, supplier partnerships and customer relationships across India’s renewable energy and electric mobility sectors.

Zenergize said the investment will support its ambition to scale to an annual revenue run rate exceeding ₹100 crore, while developing globally competitive power electronics designed and manufactured in India. The company is also accelerating its product pipeline across hybrid inverters, BESS and other next-generation power electronics technologies.

Zenergize Technologies, an R&D-driven deep-tech company developing indigenous Silicon Carbide (SiC)-based power electronics, has raised USD 4 million in a Pre-Series A funding round comprising equity and venture debt. The round was led by Giraffe Studios, which increased its existing investment in the company, with participation from prominent industrial entrepreneurs and existing investors.

The fundraise follows strong commercial traction for Zenergize, which has achieved an annual revenue run rate of ₹30 crore and built an order book exceeding ₹100 crore within a year of commercialization. The company plans to use the fresh capital to expand manufacturing capacity, strengthen engineering and R&D capabilities, and expand its sales and service network across India.

Zenergize has developed indigenous SiC-based DC fast chargers and solar inverter platforms, with its chargers receiving automotive certifications and its solar inverters obtaining BIS certification. The company is also expanding into hybrid inverters and Battery Energy Storage System (BESS) inverters.

The investor group includes Nikhil Sawhney of Triveni Turbine, Varun Agarwal of Ellenbarrie Industrial Gases, Shyam Bagri of Bagrry’s Holdings, Raoul Bajaj of Trafigura, Sunil Kalra, Ajith Pai and Sandeep Barasia, among others. The investors are expected to support manufacturing scale-up, supplier partnerships and customer relationships across India’s renewable energy and electric mobility sectors.

Zenergize said the investment will support its ambition to scale to an annual revenue run rate exceeding ₹100 crore, while developing globally competitive power electronics designed and manufactured in India. The company is also accelerating its product pipeline across hybrid inverters, BESS and other next-generation power electronics technologies.

Zenergize Technologies, an R&D-driven deep-tech company developing indigenous Silicon Carbide (SiC)-based power electronics, has raised USD 4 million in a Pre-Series A funding round comprising equity and venture debt. The round was led by Giraffe Studios, which increased its existing investment in the company, with participation from prominent industrial entrepreneurs and existing investors.

The fundraise follows strong commercial traction for Zenergize, which has achieved an annual revenue run rate of ₹30 crore and built an order book exceeding ₹100 crore within a year of commercialization. The company plans to use the fresh capital to expand manufacturing capacity, strengthen engineering and R&D capabilities, and expand its sales and service network across India.

Zenergize has developed indigenous SiC-based DC fast chargers and solar inverter platforms, with its chargers receiving automotive certifications and its solar inverters obtaining BIS certification. The company is also expanding into hybrid inverters and Battery Energy Storage System (BESS) inverters.

The investor group includes Nikhil Sawhney of Triveni Turbine, Varun Agarwal of Ellenbarrie Industrial Gases, Shyam Bagri of Bagrry’s Holdings, Raoul Bajaj of Trafigura, Sunil Kalra, Ajith Pai and Sandeep Barasia, among others. The investors are expected to support manufacturing scale-up, supplier partnerships and customer relationships across India’s renewable energy and electric mobility sectors.

Zenergize said the investment will support its ambition to scale to an annual revenue run rate exceeding ₹100 crore, while developing globally competitive power electronics designed and manufactured in India. The company is also accelerating its product pipeline across hybrid inverters, BESS and other next-generation power electronics technologies.

Salasar Techno Engineering Limited, a leading engineering, procurement and construction (EPC) player in India’s railway infrastructure sector, has completed the electrification of the 210-RKM (234.99 TKM) Udaipur–Himmatnagar rail corridor, now dedicated to the Nation. Awarded by RITES Limited, a Schedule ‘A’ Enterprise of the Government of India, on behalf of the Principal Chief Electrical Engineer, North Western Railway, Jaipur, the project carried a contract value of approximately Rs. 170.17 crore and covered the section from Udaipur City (Excl.) to Himmatnagar (Excl.) in the Ajmer Division.

The scope covered 25 kV OHE electrification, general electrification of Traction Sub-Stations, civil engineering works, track works, and signalling & telecommunication works, executed across multiple sites: Traction Sub-Stations at Dungarpur and Vantada, and nine Sectioning/Sub-Sectioning Post stations at Zawar, Jai Samand, Semari, Rikhab Dev, Bechhiwara, Lusadiya, Shamlaji, Raigadh, and Himmatnagar. At each site, Salasar carried out structure erection, transformer and equipment installation, SCADA integration, earthing and cabling works, and signalling & telecom works.

The corridor was delivered in three phases, each independently verified by the Commissioner of Railway Safety or through RITES inspection. The electrified line supports faster, cleaner train movement between Rajasthan and Gujarat, in line with India’s Net Zero Carbon vision for sustainable rail logistics.

“Completing the Udaipur–Himmatnagar corridor strengthens Salasar’s credentials as a full-scope railway electrification partner, capable of delivering complex, multi-site infrastructure to independently certified safety standards,” said Shashank Agarwal, Managing Director, Salasar Techno Engineering Limited. “This project reflects our integrated EPC execution model, spanning OHE, traction sub-stations, civil, track and signalling works, and our commitment to building infrastructure that supports India’s sustainable transport goals.”- full ownership from OHE and traction sub-stations through to civil, track and signalling, built to standards that hold up to independent scrutiny. That’s the model we want to keep scaling as India’s railway network electrifies.”

The completion adds to Salasar’s track record in large-scale railway EPC execution, as the company continues to expand its footprint across India’s electrification programme.

Salasar Techno Engineering Limited, a leading engineering, procurement and construction (EPC) player in India’s railway infrastructure sector, has completed the electrification of the 210-RKM (234.99 TKM) Udaipur–Himmatnagar rail corridor, now dedicated to the Nation. Awarded by RITES Limited, a Schedule ‘A’ Enterprise of the Government of India, on behalf of the Principal Chief Electrical Engineer, North Western Railway, Jaipur, the project carried a contract value of approximately Rs. 170.17 crore and covered the section from Udaipur City (Excl.) to Himmatnagar (Excl.) in the Ajmer Division.

The scope covered 25 kV OHE electrification, general electrification of Traction Sub-Stations, civil engineering works, track works, and signalling & telecommunication works, executed across multiple sites: Traction Sub-Stations at Dungarpur and Vantada, and nine Sectioning/Sub-Sectioning Post stations at Zawar, Jai Samand, Semari, Rikhab Dev, Bechhiwara, Lusadiya, Shamlaji, Raigadh, and Himmatnagar. At each site, Salasar carried out structure erection, transformer and equipment installation, SCADA integration, earthing and cabling works, and signalling & telecom works.

The corridor was delivered in three phases, each independently verified by the Commissioner of Railway Safety or through RITES inspection. The electrified line supports faster, cleaner train movement between Rajasthan and Gujarat, in line with India’s Net Zero Carbon vision for sustainable rail logistics.

“Completing the Udaipur–Himmatnagar corridor strengthens Salasar’s credentials as a full-scope railway electrification partner, capable of delivering complex, multi-site infrastructure to independently certified safety standards,” said Shashank Agarwal, Managing Director, Salasar Techno Engineering Limited. “This project reflects our integrated EPC execution model, spanning OHE, traction sub-stations, civil, track and signalling works, and our commitment to building infrastructure that supports India’s sustainable transport goals.”- full ownership from OHE and traction sub-stations through to civil, track and signalling, built to standards that hold up to independent scrutiny. That’s the model we want to keep scaling as India’s railway network electrifies.”

The completion adds to Salasar’s track record in large-scale railway EPC execution, as the company continues to expand its footprint across India’s electrification programme.

Salasar Techno Engineering Limited, a leading engineering, procurement and construction (EPC) player in India’s railway infrastructure sector, has completed the electrification of the 210-RKM (234.99 TKM) Udaipur–Himmatnagar rail corridor, now dedicated to the Nation. Awarded by RITES Limited, a Schedule ‘A’ Enterprise of the Government of India, on behalf of the Principal Chief Electrical Engineer, North Western Railway, Jaipur, the project carried a contract value of approximately Rs. 170.17 crore and covered the section from Udaipur City (Excl.) to Himmatnagar (Excl.) in the Ajmer Division.

The scope covered 25 kV OHE electrification, general electrification of Traction Sub-Stations, civil engineering works, track works, and signalling & telecommunication works, executed across multiple sites: Traction Sub-Stations at Dungarpur and Vantada, and nine Sectioning/Sub-Sectioning Post stations at Zawar, Jai Samand, Semari, Rikhab Dev, Bechhiwara, Lusadiya, Shamlaji, Raigadh, and Himmatnagar. At each site, Salasar carried out structure erection, transformer and equipment installation, SCADA integration, earthing and cabling works, and signalling & telecom works.

The corridor was delivered in three phases, each independently verified by the Commissioner of Railway Safety or through RITES inspection. The electrified line supports faster, cleaner train movement between Rajasthan and Gujarat, in line with India’s Net Zero Carbon vision for sustainable rail logistics.

“Completing the Udaipur–Himmatnagar corridor strengthens Salasar’s credentials as a full-scope railway electrification partner, capable of delivering complex, multi-site infrastructure to independently certified safety standards,” said Shashank Agarwal, Managing Director, Salasar Techno Engineering Limited. “This project reflects our integrated EPC execution model, spanning OHE, traction sub-stations, civil, track and signalling works, and our commitment to building infrastructure that supports India’s sustainable transport goals.”- full ownership from OHE and traction sub-stations through to civil, track and signalling, built to standards that hold up to independent scrutiny. That’s the model we want to keep scaling as India’s railway network electrifies.”

The completion adds to Salasar’s track record in large-scale railway EPC execution, as the company continues to expand its footprint across India’s electrification programme.

Bijliride, an EV mobility and infrastructure platform, has partnered with Swiggy and Zomato to provide their delivery partners access to electric two-wheelers through its rental platform. With more than 5,500 EVs deployed, Bijliride is enabling riders to access electric vehicles without the upfront cost of ownership, supported by battery swapping, battery delivery, and 24/7 on-road assistance.

From an enterprise perspective, the partnership helps address the vehicle-access and uptime challenges faced by delivery platforms. By enabling delivery partners to access EVs without purchasing a vehicle, Bijliride can help create a larger pool of riders with access to electric mobility, while its battery support and on-road assistance infrastructure helps reduce vehicle downtime during delivery operations. The company currently has an operational presence across Hyderabad, Bengaluru, Delhi, Mumbai and Pune.

For riders, Bijliride’s rental model reduces the financial barrier to switching to an EV by removing the need for a significant upfront vehicle purchase. Riders also have access to battery swapping, doorstep battery delivery and 24/7 roadside assistance, helping address concerns around charging, battery availability, maintenance and breakdowns. Bijliride also provides rider onboarding covering EV operation, battery swapping or charging, safe riding practices and access to support.

“Our role is to make EV mobility more accessible and practical for the people who depend on their vehicles for their livelihood. The partnership with Swiggy and Zomato gives delivery partners another way to access an EV without taking on the upfront cost and operational responsibilities of ownership. At the same time, our battery and support infrastructure is designed to ensure that riders can keep working with minimum downtime,” said Shivam Sisodiya, Co-Founder & CEO, Bijliride.

Bijliride has facilitated more than 35,000 battery swaps and 9,000 battery deliveries, with over 200,000 app downloads to date. The company plans to deepen its presence across existing markets and continue building partnerships across the food delivery, quick-commerce and last-mile ecosystem. Its larger ambition is to build a full-stack mobility platform combining EV rentals, fleet management, battery infrastructure, technology and on-ground support for India’s growing gig economy.

Bijliride, an EV mobility and infrastructure platform, has partnered with Swiggy and Zomato to provide their delivery partners access to electric two-wheelers through its rental platform. With more than 5,500 EVs deployed, Bijliride is enabling riders to access electric vehicles without the upfront cost of ownership, supported by battery swapping, battery delivery, and 24/7 on-road assistance.

From an enterprise perspective, the partnership helps address the vehicle-access and uptime challenges faced by delivery platforms. By enabling delivery partners to access EVs without purchasing a vehicle, Bijliride can help create a larger pool of riders with access to electric mobility, while its battery support and on-road assistance infrastructure helps reduce vehicle downtime during delivery operations. The company currently has an operational presence across Hyderabad, Bengaluru, Delhi, Mumbai and Pune.

For riders, Bijliride’s rental model reduces the financial barrier to switching to an EV by removing the need for a significant upfront vehicle purchase. Riders also have access to battery swapping, doorstep battery delivery and 24/7 roadside assistance, helping address concerns around charging, battery availability, maintenance and breakdowns. Bijliride also provides rider onboarding covering EV operation, battery swapping or charging, safe riding practices and access to support.

“Our role is to make EV mobility more accessible and practical for the people who depend on their vehicles for their livelihood. The partnership with Swiggy and Zomato gives delivery partners another way to access an EV without taking on the upfront cost and operational responsibilities of ownership. At the same time, our battery and support infrastructure is designed to ensure that riders can keep working with minimum downtime,” said Shivam Sisodiya, Co-Founder & CEO, Bijliride.

Bijliride has facilitated more than 35,000 battery swaps and 9,000 battery deliveries, with over 200,000 app downloads to date. The company plans to deepen its presence across existing markets and continue building partnerships across the food delivery, quick-commerce and last-mile ecosystem. Its larger ambition is to build a full-stack mobility platform combining EV rentals, fleet management, battery infrastructure, technology and on-ground support for India’s growing gig economy.