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Single-walled carbon nanotubes (SWCNTs), which Bengaluru-based NoPo makes, have applications of a wide range, from EV battery manufacturing, where the material can improve energy density, to design of semiconductors.
Pine Labs is valued at over $5 billion and backed by investors such as Invesco, Temasek, Peak XV, and Alpha Wave.
VC funding in tech start-ups in 2023 plummeted by 72 per cent to just $7 billion, compared with the previous year’s $25 billion.
VCs, armed with record dry powder in a buyer’s market, are sharpening the focus on unit economics as green shoots in funding activity emerge. Is it signalling the beginning of the end for the funding winter?
Bellatrix achieved a significant milestone with the launch of its propulsion systems – Rudra and Arka – on board the national space agencys PSLV C-58 launch vehicle on January 1. This gives the company its first space qualification.