Grinntech, a startup specialising in lithium-ion batteries for electric vehicles (EVs) and energy storage systems, has closed a bridge round of around $2 million, where all the existing investors have fully subscribed to the offer.
Founded in 2013 by Nikhilesh Mishra and Puneet Jain, the IIT-Madras incubated startup is currently working on technologies that can enable fast adoption of EVs.
Grinntech also announced the launch of the new Finch and Monal series of batteries and ordered to develop a larger pack, incorporating advanced thermal management and utilising Grinntech’s proprietary battery management system for a US-based OEM.
