Grinntech announces close of bridge funding

Chennai: Grinntech, an investor-backed start-up specialising in Lithium-Ion batteries for EVs and energy storage systems, announced that it has successfully closed a bridge funding round of approximately USD 2 Million, where all the existing investors have fully subscribed to the offer.

Grinntech also announced the launch of the new Finch and Monal series of batteries and the order to develop a larger pack incorporating advanced thermal management and utilising Grinntech’s proprietary battery management system for a US based OEM.

Puneet Jain, co-founder and director, said, “We are grateful to this sign of confidence from our investors.”