Torus Robotics was based in 2019 by Abbhi Vignesh Ok., Vibhakar Senthil and Vignesh M. in Chennai
| Photo Credit: Special Arrangement
Torus Robotics Pvt Ltd, a deep tech startup based in Chennai, and specialising in indigenous powertrain expertise for the electrical car automotive market, defence, aviation and shopper markets, has raised a seed investment of USD 470,000 led by the Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC), below the T.N. Emerging Sector Seed Fund (TNESSF).
The funding spherical additionally noticed participation from Forge Innovation & Ventures, Coimbatore, and SINE (Society for Innovation & Entrepreneurship) on the Indian Institute of Technology Bombay.
The startup mentioned that the funding will likely be utilised to scale up its analysis and growth operations. Besides, the corporate additionally goals to make use of the funds to finance different essential facets of the enterprise, together with innovation and progress.
Vibhakar Senthil, co-founder of Torus Robotics, mentioned the funding will assist the corporate to put money into R&D and introduce new merchandise that may meet the altering wants of consumers within the EV automotive house.
“This partnership is strategically crafted to expedite Torus’s commercialisation initiatives and spearhead the widespread integration of axial flux technology in the electric mobility sector,” mentioned Karthic Ramamoorthy from the T.N. Emerging Sector Seed Fund.
Founded in 2019 by Vignesh M., Vibhakar Senthil, and Abbhi Vignesh Ok. in Chennai, Torus Robotics specialises in compact, light-weight, and extremely environment friendly powertrain options for electrical automobiles. Under the FLCTD (Facility for Low Carbon Technology Deployment) programme facilitated by UNIDO (United Nations Industrial Development Organisation), the startup has secured funds earmarked for purposes inside the EV, industrial and power sectors.
Their expertise has undergone validation processes carried out by the Bureau of Energy Efficiency. In its preliminary phases, the startup additionally bagged substantial monetary backing from Startup TN and the Entrepreneurship Development and Innovation Institute – Tamil Nadu.