Investment
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Genrobotics to Manufacture Sewer-Cleaning Robots and Wilboar Units in Tamil Nadu, ₹150 Cr Bet Kerala-based robotics firm Genrobotics has signed a memorandum of understanding with the Tamil Nadu government to set up a manufacturing facility for its robotics product line, with plans to invest ₹150 crore over the next five years. The MoU was inked at the Vettri Tamil Nadu Investment Conclave 2026, held in Chennai, where the state government signed agreements with 97 companies for a… |
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Andhra Pradesh Launches Twin AI Centres to Give DeepTech Startups GPU Power and Mentorship Andhra Pradesh has set up two new AI-focused facilities, one in Amaravati and one in Visakhapatnam, which began operating on July 28. The initiative comes with backing from the central government's electronics and IT ministry, working alongside the state's own IT and electronics department. Both sites will run under the… |
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Apollo Hospitals, ePlane Sign MoU for e200X Air Ambulances and Amber Wings Drones The ePlane Company and Apollo Hospitals have signed a Memorandum of Understanding to bring electric air ambulances and medical delivery drones into India's emergency healthcare system. The MoU was signed in Chennai and announced at the Farnborough International Airshow in the UK. Karthik Reddy, Director of Apollo… |
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Paras Defence to Expand Beyond Defence With ₹6,200 Crore Semiconductor Packaging Bet Paras Defence and Space Technologies has announced a ₹6,200 crore investment through its subsidiary Paras Semiconductors Pvt. Ltd. to establish a greenfield advanced semiconductor packaging facility in Madhya Pradesh. The project marks the company’s expansion into the semiconductor packaging segment alongside its existing defence and space-related operations. The company said the… |
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Seoul Semiconductor Considers India LED Facility to Access ISM 2.0 Incentives South Korea's Seoul Semiconductor is evaluating plans to establish a manufacturing facility in India, with discussions underway with multiple state governments, including Tamil Nadu, Karnataka and Gujarat. The optoelectronics company is assessing possible sites as India sharpens its pitch to global electronics and semiconductor-linked manufacturers under the next phase of its chip and… |
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Hyderabad's Raghu Vamsi Aerospace Raises $40 Million, Led by Norwest and Skegen Raghu Vamsi Aerospace Group (RVAG), a Hyderabad-headquartered precision manufacturing and deep-tech company serving the aerospace, defence and energy sectors, announced on July 20, 2026, that it has raised $40 million, approximately ₹400 crore, in its latest funding round. The round was led by Norwest and Skegen Asset Management, with participation from Indus Bridge Ventures, GJNX Ventures and… |
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Infineon Opens World's Largest Plant for Power Semiconductors Infineon Technologies AG opened its Smart Power Fab in Dresden on July 2, 2026, several months ahead of schedule, according to the company. The plant represents an investment of five billion euros, the largest single investment in Infineon's history, and creates 1,000 new direct jobs. The facility doubles Infineon's manufacturing capacity at the Dresden site, making it the world's largest… |
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Mave Health Raises $2.1 Mn to Bring Brain Stimulation Headsets to Market Mave Health, a Bengaluru-based healthtech startup, raised $2.1 Mn in a seed round led by Blume Ventures. Founded in 2023 by Dhawal Jain, Jai Sharma, and Aman Kumar, the company makes headsets based on transcranial direct current stimulation (tDCS) that help with focus, mood, and stress regulation. The raised capital is to go towards ramping up their manufacturing capabilities and launching… |
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Li-Fi and FSO Startup Velmenni Raises ₹30 Crore in Pre-Series A Round Delhi-based startup Velmenni raised ₹30 crore in a pre-Series A funding round, led by pi Ventures, which also saw participation from MountTech Growth Fund-Kavachh and Apekso. The company intends to use the raised capital to help commercialize its patented light-based wireless connectivity solutions, build customized solutions for defence and enterprise, and expand globally. The… |
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Jaipur-Based Agritech Startup Verdant Impact Raises $3M in Seed Round In a seed funding round led by Unicorn India Ventures, Verdant Impact raised $3 million, which it intends to spend on scaling its team, breaking into the North and North-East Indian markets, integrating blockchain, and advancing its Pashu.AI platform. Infynyte Club, Yash Kotak, Alok Soni, and a-IDEA NAARM make up the other investors from the round. Verdant Impact is an agritech… |
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Kochi-Based EyeROV Announces Tunnel Survey Completion at 4,000 Feet on the Heels of ₹13 Crore Raise EyeROV, an underwater robotics startup, has completed what it claims is “one of the longest tunnel surveys in North India, marking an important step forward for advanced tunnel inspection and monitoring in the country.” According to EyeROV, the tunnel leakage monitoring was notable for being carried out at an altitude of around 4,000 feet above sea level. The announcement further stated… |
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Cyient Semiconductors Announces Agreement to Acquire Controlling Stake in Kinetic Technologies Cyient Semiconductors has entered into an agreement to acquire a controlling stake in Kinetic Technologies. Expected to close in the months ahead, the acquisition can involve a transaction of up to $93 million. The existing leadership and engineering team within Kinetic Technologies will continue operating within their current structure, while synchronizing with Cyient Semiconductors' strategy… |
