NIT-Tiruchi incubated startup gets Rs 2.61 cr

Chennai: The Chennai Angels (TCA) has announced an investment of Rs 2.61 crore in Blaer Motors, an NIT-Tiruchi incubated startup based in Chennai.

Founded by four engineering students, Blaer Motors builds and develop technological solutions in the transportation and mobility space.

The company focuses on developing clean, smart and efficient solutions that are cost efficient to meet the needs of the consumer.

Blaer has been working on hybrid and electric drivetrain solutions for two and three wheelers and collaborating with multiple OEMs for commercialising the drivetrain solutions.

Abinesh Ekambaram, co-Founder, Blaer Motors, said, “this is our first round of external investment and we are very excited about this partnership with The Chennai Angels who share our vision towards sustainable mobility.”

 

NT Bureau