About Indi Energy
Indi Energy is a company based in Roorkee (India) founded in 2019 by Asit Sahoo, Akash Soni, Yogesh Kumar Sharma, and Nagesh Kumar. Indi Energy has raised $1.59 million across 3 funding rounds from investors including Mumbai Angels, FinKurve and TIDES Business Incubator. Indi Energy offers products and services including Sodium-ion Batteries, Hard Carbon (BioBlack™), Sodium-ion Cathode, Sodium-ion Electrolyte, and Customized Sodium-ion Battery Packs. Indi Energy operates in a competitive market with competitors including Natron Energy, Peak Energy, Faradion, LiNa Energy and Blue Current, among others.
- Headquarter Roorkee, India
- Founders Asit Sahoo, Akash Soni, Yogesh Kumar Sharma, Nagesh Kumar
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Indigenous Energy Storage Technologies Private Limited
- Date of Incorporation 29 Apr, 2019
- Jurisdiction Noida, Uttar Pradesh, India
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Annual Revenue
$5.93 K (USD)31196.75as on Mar 31, 2022
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Net Profit
-$493.71 (USD)95.48as on Mar 31, 2022
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EBITDA
$2.67 K (USD)126.18as on Mar 31, 2022
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Total Equity Funding
$1.59 M (USD)
in 3 rounds
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Latest Funding Round
$1.5 M (USD), Seed
Apr 21, 2022
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Investors
Mumbai Angels
& 29 more
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Employee Count
Employee Count
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Products & Services of Indi Energy
Indi Energy offers a comprehensive portfolio of products and services, including Sodium-ion Batteries, Hard Carbon (BioBlack™), Sodium-ion Cathode, Sodium-ion Electrolyte, and Customized Sodium-ion Battery Packs.
Cost-effective batteries for renewable energy and mobility applications
Anode material from agricultural waste for Sodium-ion systems
High-performance material for efficient energy storage
Conductors for advanced liquid-state batteries
Tailored packs for diverse environmental applications
Funding Insights of Indi Energy
Indi Energy has successfully raised a total of $1.59M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.5 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $1.5M
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First Round
First Round
(14 Mar 2020)
- Investors Count 30
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Seed - Indi Energy | Valuation | BIG Capital | |
| Jul, 2021 | Amount | Seed - Indi Energy | Valuation | Mumbai Angels , Finkurve Financial Services | |
| Mar, 2020 | Amount | Seed - Indi Energy | Valuation | TIDES Business Incubator |
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Investors in Indi Energy
Indi Energy has secured backing from 30 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mumbai Angels, FinKurve and TIDES Business Incubator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity focused on software companies
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Founded Year | Domain | Location | |
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Early-stage venture investments are facilitated by Mumbai Angels network.
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Founded Year | Domain | Location | |
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Startups in industrial, B2B, and enterprise verticals are invested in.
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Founded Year | Domain | Location |
Investments & Acquisitions by Indi Energy
Financial Statements - Indi Energy
Indi Energy Comparisons
Competitors of Indi Energy
Indi Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Natron Energy, Peak Energy, Faradion, LiNa Energy and Blue Current, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Manufacturer of sodium ion batteries and energy storage systems
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| domain | founded_year | HQ Location |
Peak Energy is recognized as a vertically integrated energy storage company.
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| domain | founded_year | HQ Location |
Sodium-ion batteries using silicon materials are developed.
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| domain | founded_year | HQ Location |
Sodium-ion batteries are provided without cobalt or lithium.
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| domain | founded_year | HQ Location |
Battery electrolytes are developed using PFPE and polymer-ceramic composites.
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| domain | founded_year | HQ Location |
Grid battery solution
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Frequently Asked Questions about Indi Energy
Indi Energy was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Indi Energy is headquartered in Roorkee, India. It is registered at Roorkee, Uttarakhand, India.
Akash Soni is the current CEO of Indi Energy. They have also founded this company.
Indi Energy is a funded company, having raised a total of $1.59M across 3 funding rounds to date. The company's 1st funding round was a Seed of $13.5K, raised on Mar 14, 2020.
Annual revenue of Indi Energy is $5.93K as on Mar 31, 2022.
Indi Energy was founded in 2019 in Roorkee, India, within the energy storage sector. Sodium-ion batteries, along with hard carbon anodes, cathodes, and electrolytes, are developed and commercialized as alternatives to lithium-ion and lead-acid options. Customized battery packs are provided for various applications and environmental conditions, emphasizing energy efficiency and cycle life while adhering to quality standards.
Indi Energy's top competitors include Natron Energy, LiNa Energy and Peak Energy.
Indi Energy offers Sodium-ion Batteries, Hard Carbon (BioBlack™), Sodium-ion Cathode, Sodium-ion Electrolyte, and Customized Sodium-ion Battery Packs.
Indi Energy has 30 investors. Key investors include Mumbai Angels, FinKurve, TIDES Business Incubator, BIG Capital, and AddVentures.
The valuation of Indi Energy is $919.65K as of Apr 2022.