Finvolve and India Accelerator Invest $1 Mn in Rohal Technologies to Power India’s future with Hybrid Green Energy

Finvolve, the multi-stage VC fund of IA, has announced a $1 million seed investment in Rohal Technologies, a pioneering developer of hybrid green energy solutions for mission-critical applications in defense, homeland security, disaster management, and telecom.

The funding marks a key milestone for Rohal Technologies as it accelerates efforts to scale production, deliver on its growing pipeline of government and defense orders, strengthen its R&D capabilities, and expand its engineering and operations teams.

Recognized for its indigenously developed Solid Oxide Fuel Cell (SOFC) technology, Rohal’s compact and rugged hybrid power systems are already deployed in high-altitude, extreme weather zones by the Indian Army, NSG, CRPF, BSF and other key defense and homeland security units. The company’s innovation provides clean, quiet, and highly portable alternatives to conventional diesel generators—capable of operating on multiple fuels including LPG, CNG and biogas.

Commenting on the investment, Ashish Bhatia, Founder & CEO, IA & Co-Founder, Finvolve, said, "Rohal is solving a real-world challenge for India’s security forces—how to deliver uninterrupted, off-grid power in the harshest environments. Their fuel cell innovation is not only a technological breakthrough but also a strategic one. As India moves toward self-reliance in defense tech, we’re proud to back a company that is both Make-in-India and Mission-first."

With trials successfully conducted at altitudes over 18,000 feet and temperatures as low as -35°C, Rohal’s systems are battle-tested and ready for scale. The firm also holds a patent application for its hybrid power management system and is working closely with DRDO, BEL, and other state partners to further deploy and co-develop frontier energy solutions.

Karamvir Singh, CEO & Founder of Rohal Technologies, added, “Our mission has always been to make India energy-resilient in its most sensitive and remote defense zones. With the support of IA and Finvolve, we are now ready to ramp up production, expand our research capabilities, and deliver best-in-class, zero-emission power systems where they are needed most.”

This investment underlines IA and Finvolve’s continued commitment to nurturing deep-tech, defense-aligned, and sustainability-driven ventures that align with national interest and long-term global impact.

About IA & Finvolve

IA is India’s premier startup factory with multiple sub-brands that enable the start-up ecosystem in India - India Accelerator supports the early stage startups with funding, mentorship and other benefits; Finvolve is a multi-theseis growth and late stage fund that empowers startups across their growth journey—from pre-seed to pre-IPO—through capital, strategic support, and ecosystem access. IA Spaces enables start-ups across 10+ cities in India with access to co-working hubs and Third Place, which acts as India’s premium Business Cafe. IA is the recipient of the "Best Accelerator of the Country" award from Start-up India in 2022. Our commitment to fostering innovation and supporting upcoming founders has consistently positioned us at the forefront of the Indian start-up ecosystem.