Incubated at the “Incubation cell” of IIT Madras, Cygni has emerged as India’s leading storage technology company with established cutting-edge expertise in EV and Energy Storage. Focused on building alternative energy storage solutions for EVs 2W and 3W. Solving challenges of traditional Li-Ion batteries for mass adoption of EVs across automotive platforms. Cygni has deployed over 125MWh of storage solutions and powered over 60,000 Electric Vehicles.
Hyderabad-based Cygni Energy Private Limited; a leading technology-led energy storage company announced that it has raised funds of USD $12.5 Million (Rs. 100 Crores) through a combination of Equity and Debt. The equity funding is led by Meridian Global Ventures and the debt by Indian Overseas Bank... (more)
Aug 26, 2022 13:30 IST
Cygni Energy Private Limited
