Nikita and Nishita Baliarsingh, co-founders of Nexus Power | Photo Credit:
Nexus Power
Solving three problems at once, Odisha startup Nexus Power uses crop remnants to create bio-organic, fast-charging batteries for electric vehicles An old Biochemistry book from their grandfather’s library was the inspiration for Odisha-born sisters Nikita and Nishita Baliarsingh to create an electric vehicle (EV) battery from crop residue. “It is still so clear in my mind. There was a statement that read, ‘Proteins may have potential benefits in electrolytes’. That was the turning point. We pushed ourselves into continuous research and development and founded Nexus Power in April 2019,” recalls Nikita.
How HDFC Bank’s SmartUp grants is empowering social sector startups
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India is home to one of the largest startup ecosystems in the world. And while all these startups are bringing innovation, disruption and advancement to their respective industries; access to funds for product development, research, and market reach, among others, continues to be limited to startups based out of metros and other large cities in India.
However, Tier II and Tier III city-based startups are bringing about a paradigm shift in the ecosystem by building products, services and solutions that have a far reaching social impact.