Vedanta Aluminium, V‑Spark launch MetALverse in Odisha; partners with OpenAI, Microsoft, SAP to unlock ₹2,100 crore AI‑driven value

Several MoUs to deploy deep tech solutions were announced during MetALverse, Vedanta Aluminium’s tech showcase in Jharsuguda, Odisha that featured participation from major tech leaders and emerging startups

Vedanta Aluminium, India's largest aluminium producer, in collaboration with V-Spark, India's largest manufacturing deep tech incubator, recently hosted MetALverse, an immersive tech showcase in Jharsuguda, Odisha. The company also announced partnerships with several cutting-edge technology providers, including market leaders such as OpenAI, Microsoft and SAP. Together, they will deploy innovative, multi-pronged solutions to cumulatively unlock up to ₹2,100 crore in value through the enhanced adoption of AI, digitalisation and automation technologies across Vedanta Aluminium’s operations.

Vedanta Aluminium’s MetALverse event was envisioned as a strategic platform to accelerate the deployment of breakthrough technologies across large-scale industrial operations, by bringing together global technology leaders, emerging startups, and top business experts. The partnerships will focus on evaluating, piloting and scaling next-generation solutions across Vedanta Aluminium’s operations. The value opportunity of ₹2,100 crore will be achieved through the integration of innovative solutions for enhanced plant productivity, cost optimisation, asset reliability and sustainability initiatives across Vedanta Aluminium's integrated value chain.

The event reflects a shared vision between Vedanta Aluminium and V-Spark to bridge the gap between groundbreaking deep tech innovation and real-world deployment, by identifying high-impact technologies, validating them in live operating environments and accelerating their adoption. Vedanta Aluminium has already established a fully integrated value chain that ranges from mining to alumina refining to aluminium production. By leveraging the company’s vast, cutting-edge manufacturing plants - some of which are amongst the largest in the world - as a mega incubation environment, V-Spark aims to rapidly transform promising innovations into industry-ready deployments while also co-creating a robust AI-led manufacturing ecosystem.

Priya Agarwal Hebbar, Non-Executive Director, Vedanta Limited and Chairperson, Hindustan Zinc, said "India’s manufacturing sector is entering a defining decade. The future will belong to companies that combine scale with intelligence, sustainability and the courage to rethink what is possible. At Vedanta Aluminium, we see AI as a catalyst for that transformation, with human intelligence providing the judgement and direction behind it. We are bringing together the best minds across industry and technology because we don’t want to simply make today’s plants better. We want to build the metal of the future, using the technologies of the future."

Akarsh Hebbar, Non-Executive Vice Chairman, Vedanta Aluminium and Chairman, V-Spark DeepTech Ventures, said "The greatest opportunity in industrial innovation lies in deploying new technologies at scale to create measurable business value. Vedanta Aluminium, as one of the top producers of the metal of the future globally, provides the expansive operating footprint, technical depth and determination to industrialise breakthrough solutions, while V-Spark is the engine that identifies, validates and accelerates these technologies from concept to enterprise-wide deployment. We aim to partner with several industrial solutions to scale and transform creative innovation into tangible productivity gains, stronger sustainability, enhanced reliability and significant value creation."

Pinak Dattaray, Founder & CEO, Ripik.AI, said "AI is creating new opportunities for industrial organisations to transform how knowledge is accessed, decisions are made and operations are managed. At Ripik.AI, we are focused on making advanced AI capabilities accessible through tools that help people and organisations solve complex problems and work more effectively. We are excited to collaborate with Vedanta Aluminium as it explores new applications of AI across its business. The company demonstrates how leading manufacturers can combine deep operational expertise with cutting-edge AI to unlock innovation, improve performance and create meaningful value at scale."

At MetALverse, Vedanta Aluminium announced collaborations with several top technology companies and emerging innovators to accelerate AI-led transformation across its operations. The identified partners include OpenAI for generative AI and intelligent agents; Microsoft for cloud, AI and enterprise transformation; SAP for integrated enterprise processes; AVEVA for industrial data, digital twins and advanced analytics; Rockwell Automation for smart manufacturing and control systems; Thoughtworks for digital engineering; and Fives for aluminium process technologies and carbon plant optimisation. The company has also partnered with deep-tech innovators including Ripik.AI for industrial vision and process optimisation; XYMA for high-temperature asset monitoring; Faclon for industrial intelligence and connected manufacturing; DesignX for AI-enabled factory workflows; DigitalPaani for industrial water optimisation; AutoVRse for immersive workforce training; Enmovil for AI-led logistics; and ideaForge for drone-based industrial intelligence.

These collaborations will focus on technical evaluation, data integration, pilot deployment and scale-up potential. Through its V-Spark innovation ecosystem, the company aims to rapidly validate and deploy solutions that strengthen productivity, safety, sustainability, asset reliability and operational decision-making. Presently, Vedanta Aluminium is actively collaborating with nearly 70 startups under the program, spanning one of the world’s largest alumina refineries in Lanjigarh, Odisha, the world’s largest single-location aluminium plant in Jharsuguda, Odisha, and India’s iconic aluminium producer, BALCO in Korba, Chhattisgarh.

About Vedanta Aluminium Metal Limited:

Vedanta Aluminium Metal Limited is one of the world’s leading producers of aluminium, ‘the Metal of the Future’ powering advanced manufacturing, the energy transition, and next generation technologies. As India’s largest aluminium producer, the Company operates integrated, world-class assets including a state-of-the-art alumina refinery, one of the world’s largest aluminium smelter complex in Odisha, and the iconic Bharat Aluminium Company (BALCO). With a diverse portfolio of high-quality aluminium products, Vedanta Aluminium caters to discerning customers across more than 60 countries and plays a vital role in global industrial supply chains. The company is recognised among global peers for its sustainability leadership, as reflected in its strong performance in the S&P Global Corporate Sustainability Assessment. By advancing the possibilities of aluminium - the Metal of the Future - Vedanta Aluminium continues to enable next generation industries while creating enduring value for customers, communities, and shareholders. For more information, visit: https://vedantaaluminium.com/

About V-Spark DeepTech Ventures:

V-Spark DeepTech Ventures Pvt. Ltd., Vedanta’s dedicated deep-tech and innovation arm, is accelerating technology-led transformation across the Group’s mining, metals and manufacturing businesses. Operating as a venture-client platform for all Vedanta entities, V-Spark partners closely with startups, MSMEs and global technology leaders to rapidly pilot, deploy and scale cutting-edge solutions across AI/ML, automation, robotics, drones, computer vision and advanced digital technologies. With a strong focus on operational excellence, volume-cost optimisation, reliability, sustainability and ESG integration, the platform is also enabling strategic investments in future-ready innovations. Through its robust global startup ecosystem and scalable innovation capabilities, V-Spark is positioning Vedanta at the forefront of industrial deep-tech adoption and next-generation manufacturing transformation.

L&T Technology Services Launches FARM to Fast‑Track Deep‑Tech Startup Commercialization

Program will provide startups with access to LTTS engineering expertise, global customer ecosystems, mentorship and commercialization pathways

L&T Technology Services (BSE: 540115, NSE: LTTS), a global leader in Engineering Intelligence Solutions & ER&D Consulting Services, announced the launch of LTTS FARM, a startup engagement platform designed to accelerate the commercialization journey of deep-tech startups through Engineering Intelligence-led collaboration, co-innovation and market access.

Built on the philosophy of “Collaboration First, Commercialization Next”, LTTS FARM is targeted at startups with TRL 4+ technologies that have validated their technical feasibility and are ready to explore industry adoption. The program is focused on startups aligned with LTTS’ Technology Big Bets – Software Defined Mobility (SDM), Plant Buildout & Modernization, Energy & Industrial Automation, Digital Manufacturing, Next Gen Compute & Data Centers, Software Platforms & EI and MedTech - with the potential to further advance these strategic priorities through new technologies and solutions. By leveraging LTTS’ global presence, domain expertise and customer relationships, LTTS FARM seeks to create a structured launch pad for startups to progress from validated innovation to customer adoption and long-term growth.

The initiative reflects LTTS’ commitment to fostering a thriving innovation ecosystem by bringing together startups, engineering talent and industry stakeholders to address real-world business and technology challenges. The journey will span across evaluation, onboarding, co-innovation, pilot development and commercialization opportunities for eligible startups. Suitable solutions will be considered for broader industry deployments aided by pilot projects, proof-of-concepts, customer demonstrations and diverse commercial engagements.

Amit Chadha, CEO & Managing Director, L&T Technology Services and Member of NASSCOM Executive Council, said, “Many promising technologies struggle because of limited access to customers, industry expertise and commercialization opportunities. Through LTTS FARM, we are creating a platform where startups can collaborate with our experts, gain exposure to global markets and customer requirements, validate real-world applications and accelerate their journey from solution readiness to market adoption. By nurturing innovations that align with and further our technology big bets, LTTS FARM will also expand our Engineering Intelligence ecosystem and help transform breakthrough ideas into industry-ready solutions that deliver measurable business impact”.

About L&T Technology Services Ltd

L&T Technology Services (LTTS) is a global leader in Engineering Intelligence Solutions & ER&D Consulting Services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and sustenance services across products and processes. Purposeful. Agile. Innovation. is how we drive growth across the Mobility, Sustainability and Tech segments. Our customer base includes 69 Fortune 500 companies and 57 top ER&D companies across industrial products, medical devices, transportation, telecom & hi-tech, and process industries. Headquartered in India, we have over 23,840 employees across 21 global design centers, 30 global sales offices, and 103 innovation labs, as of June 30­, 2026.

For additional information about L&T Technology Services log on to https://www.ltts.com/.

Yogi Cabinet Clears Deep Tech U-Hubs in Lucknow & Noida, Driving AI and Robotics Growth

In mid of last month, Uttar Pradesh (UP) announced a major deep‑tech expansion with the PRAGATI (Park for Robotics, Artificial Intelligence, GPU Clusters and Advanced Technical Innovation) robotics and AI hub in Noida and new U Hubs in Noida and Lucknow.

On Tuesday, UP Cabinet has approved the establishment of “Deep Tech U-Hubs” in Lucknow and Noida, aiming to position the state as a national leader in AI, robotics, and emerging technologies. These hubs will serve as integrated centres for startups, research, and advanced data infrastructure, with the goal of creating thousands of jobs and fostering innovation.

The “U” in U-Hub stands for Uttar Pradesh, symbolizing the state’s dedicated innovation and startup ecosystem initiative. The “U” also reflects the focus on Udyamita (entrepreneurship), encouraging youth to become job creators rather than job seekers. The government brands it as “U-Hub” to highlight that these hubs are specifically designed to empower Uttar Pradesh’s youth and entrepreneurs.

The Lucknow centre will be developed for application-based AI, biotechnology, healthcare, industrial AI, agriculture technology, and diagnostics.

The Noida centre will be developed for autonomous and advanced computing, semiconductor design and OSAT, fintech AI and robotics, as well as processing and high-tech industries.

For the establishment of U-Hub, an initial capital provision of ₹100 crore has been allocated for the financial year 2026-27, including ₹70 crore for capital expenditure and ₹30 crore for operational expenditure. Financial support of approximately ₹387.5 crore has been proposed for a period of three years.

Infrastructure development will be implemented in a phased manner.

Key Highlights of the Deep Tech U-Hub Initiative

• Approval by Yogi Cabinet: Decision taken in a cabinet meeting chaired by CM Yogi Adityanath, reflecting the state’s push toward deep-tech ecosystems.
• Locations: Lucknow & Noida: Two cities chosen for connectivity, talent pool, and IT/AI infrastructure.
• Focus Areas: AI, Robotics, Data Centres, Cloud Infrastructure, Quantum Computing, Biotech.
• Startup Ecosystem: Incubation, mentorship, and funding support for startups with academia-industry-government collaboration.
• Job Creation: Expected to generate over 1 lakh jobs across technology and research sectors.

Strategic Importance

City	Focus
Lucknow	Governance & policy hub; AI-driven public services, health-tech, administrative innovation.
Noida	IT corridor; global-standard data centres, robotics labs, private-sector partnerships.

Paninian Unveils Yantur, India’s First Private Compact Turbofan Engine for Next‑Gen Autonomous Aerospace Systems

Paninian India Private Limited has unveiled the Yantur 4.5 kN Turbofan Engine Programme, believed to be India's first privately developed turbofan engine in its class. The programme represents a significant step towards establishing indigenous private-sector capability in compact aerospace propulsion for next-generation autonomous systems.

Yantur 4.5 kN Turbofan Engine for Cruise Missile Applications from Paninian Aerospace

The Yantur engine is being developed to power Svayatt L1, Paninian's long-range autonomous cruise missile platform, conceived to address the operational requirements of the Indian Ministry of Defence's Make-I programme for the Long-Range Land Attack Cruise Missile (LRLACM). The programme has successfully completed its conceptual and detailed design phase and is now progressing towards subsystem testing, validation and full engine certification.It is worth noting that the same Engine core could be expanded further up to 12.5 KN for powering the Svayatt CCAV platform. 

The Yantur programme seeks to establish a sovereign Indian capability in compact turbofan propulsion—one of the most strategically important technologies underpinning future long-range autonomous aerospace systems. By developing critical propulsion technologies within India's private sector, the programme aims to strengthen national self-reliance while contributing to a resilient indigenous aerospace ecosystem.

Commenting on the programme, Dr G. Gouda, former Group Director (Propulsion), CEMILAC, who has supported and overseen certification of numerous propulsion systems over the past four decades, including the GE404 and GE 414 programme review for India’s LCA program, said, "The programme represents an important step towards establishing sovereign Indian capability in compact turbofan propulsion, engine controls, accessory systems, advanced manufacturing and propulsion-airframe integration. It complements the pioneering efforts of DRDO scientists, whose work has laid a strong foundation for indigenous propulsion development."

The Yantur and Svayatt L1 programmes incorporate five patent claims covering innovations in engine family architecture, combustor and diffuser-nozzle design, compressor technology, digital-twin health monitoring and advanced manufacturing techniques. These technologies are intended to support a scalable family of propulsion systems for future autonomous aerospace platforms.

The programme brings together expertise across propulsion engineering, autonomous systems, materials science, advanced manufacturing and digital engineering through Paninian's multidisciplinary team, supported by distinguished advisors and an expanding ecosystem of technology, manufacturing, incubation, testing and supply-chain partners. Notable contributors include propulsion specialist Dr G. Gouda, engine controls and sensors expert Mr Vaman Kulkarni, and materials and advanced manufacturing specialist Dr Vikas Kumar Saxena.

Raghu Adla, Founder of Paninian India Private Limited, said, "Yantur represents a pioneering private-sector effort to build sovereign Indian propulsion capability for future strategic autonomous systems. This milestone belongs to our young engineering team, advisors and partners who have transformed an ambitious vision into a credible engineering programme. We are now seeking strategic support from government, industry and investors to accelerate engine testing, subsystem qualification and full-system validation while helping establish a sustainable indigenous propulsion ecosystem."

Paninian is initiating a USD3 million funding round to accelerate engine testing, subsystem qualification, full-engine validation and integration with the Svayatt L1 platform.

The Yantur programme reflects Paninian's long-term vision of developing a family of indigenous propulsion systems for next-generation autonomous aerospace platforms, contributing to India's growing strategic aerospace capabilities.

Indian Deep-Tech Startup Meine Electric's Fast-Charging Iron-Air Battery Clears Independent Validation, Paving the Way for 24/7 Renewable Energy Storage

• Independent validation by Customized Energy Solutions (CES), the parent company of the India Energy Storage Alliance (IESA), confirms the performance and cycle stability of Meine Electric’s breakthrough Fast-Charge Long-Discharge (FCLD) Iron-Air battery technology.

Indian deep-tech startup Meine Electric has developed the world's first fast-charging iron-air battery system, marking a significant technical advancement for long-duration energy storage (LDES). The technology, which features a proprietary Fast Charge Long Discharge (FCLD) capability allowing the battery to charge in 6 hours and discharge over 18 hours, has been independently validated by Customized Energy Solutions (CES), a US-headquartered global energy services and technology company and the parent organization of the India Energy Storage Alliance (IESA).

The independent testing was conducted by the CES Battery Laboratory through a structured testing protocol designed to assess electrochemical performance, capacity retention, and operational stability. Testing two iron-air electrochemical cells, the assessment validated the system's operational stability under an asymmetric duty cycle comprising a rapid 6 hours of charging followed by 18 hours of discharging per cycle.

Historically, iron-air battery chemistry has been limited by longer charge cycles, with existing approaches focused on multi-day storage applications. According to DataM Intelligence’s Iron Air Battery Market Size, Long-Duration Energy Storage Forecast 2035; 2026 Report, Iron-Air batteries are emerging as a promising solution for long-duration energy storage due to their ability to provide reliable and scalable storage using abundant materials such as iron. Global players, including Form Energy (US) and Ore Energy (Europe), have built Iron-Air systems focused on long-duration applications, with existing approaches demonstrating storage durations of up to 100 hours. However, these longer cycle times have restricted its suitability for daily renewable energy balancing.

Meine Electric has addressed this limitation through its proprietary Fast Charge Long Discharge (FCLD) technology, electrode development processes, and new system architecture. The technology enables a 6-hour charge and 18-hour discharge cycle, making it the world’s first fast-charging Iron-Air battery technology designed for daily-cycling renewable energy applications. The chemistry also offers fundamental advantages including inherent safety, reliance on abundant raw materials, and lower system costs compared to lithium-ion.

"Traditional iron-air systems are restricted to multi-day cycles, making them largely incompatible with the intermittent nature of renewable energy generation. Furthermore, solar-heavy grids don't need a 100-hour battery. Unlike regions that require seasonal storage, the renewable challenge across Asia and MEA is fundamentally a daily balancing problem. By engineering our system to capture a full charge within a tight 6-to-8-hour window, we are finally turning iron-air batteries from a sluggish backup chemistry into a foundational, daily-cycling asset," said Priyansh Mohan, Co-founder and CEO of Meine Electric.

This daily-cycling capability aligns precisely with the requirements of rapidly growing renewable energy markets like India, where the grid demands storage technologies that can consistently capture excess solar generation during the day and discharge it reliably overnight. For Meine Electric, it reinforces the company’s progress from laboratory-scale development towards real-world deployment of next-generation storage solutions.

Founded in 2023 by Priyansh Mohan and Stuti Kakkar, Meine Electric is the first company in APAC, and the third player globally, pioneering iron-air long-duration energy storage. As India races towards its 500 GW renewable energy target by 2030, Meine Electric is positioned to deliver key strategic advantages:

• Market-Leading Costs: The proprietary technology operates at a levelised cost of storage (LCOS) of less than $0.05/kWh (~₹5/kWh).
• Daily-Cycling Capability: Affordable, daily-cycling batteries that seamlessly complement lithium-ion to unlock true round-the-clock renewable power.
• Grid Infrastructure: Systems capable of functioning as foundational assets to firm renewables and flexibilize thermal assets.

"The energy industry prioritizes lower costs and higher reliability, and iron-air technology is structurally positioned to deliver on both. We are betting on iron-air as a foundational infrastructure play to support the renewable grid," stated Stuti Kakkar, Co-founder and COO of Meine Electric.

The validation by CES adds critical third-party credibility to Meine Electric’s technology roadmap as the company moves towards larger-scale demonstrations, pilot deployments, and continues developing indigenous energy storage solutions to secure India’s transition to renewable energy.
About Meine Electric

Meine Electric is an Indian deep-tech startup pioneering the world’s first fast-charging Iron-Air battery for Long-Duration Energy Storage (LDES). By shrinking traditional charge times from 100 hours to just 6 hours, paired with an 18-hour discharge, the company utilizes a proprietary, low-cost "reversible rusting" chemistry to provide reliable & affordable 24/7 baseload power. Engineered specifically for the daily-cycling demands of modern power grids, Meine Electric's systems enable renewable firming and thermal asset flexibilization at a fraction of the cost of alternative storage technologies. As a first-mover in the high-growth APAC and MEA markets, the company is now working towards partnering with utilities and heavy industries to build the critical infrastructure required for a secure global energy transition. Backed by leading investors and institutional partners, Meine Electric is pioneering India-built, practical engineering to drive the shift to a future of limitless renewable energy. Meine Electric has won several industry awards, including The National Startup Award 2026, Nasscom Emerge 50 Award, besides others.

Vision: Limitless renewable energy.

Mission: Make iron-air batteries the backbone of long-duration storage and lead globally in this category.. 

Long-term goal: Enable $1B in revenue by 2032 through grid-scale Iron-Air Battery deployments.

Bengaluru's Vimag Labs Secures Patent for India’s Ist Software-Defined, Magnet-Free Motor Platform

Volektra Motor

• Fifth patent granted to the Accel-backed deep-tech company, protecting the core architecture of its Virtual Magnet Synchronous Motor (VMSM) - a rare-earth-free, software-controlled electric motor platform

Vimag Labs has been granted its fifth patent in India. The patent, titled "A Robust Rotating Transformer Excited Synchronous Motor and Its Control," covers the foundational motor architecture of the company’s proprietary Virtual Magnet Synchronous Motor (VMSM) platform.

Unlike conventional Permanent Magnet Synchronous Motors (PMSMs), which rely on fixed rare-earth magnets embedded in the rotor, VMSM generates and controls its magnetic field in real time using power electronics and proprietary control algorithms. The result is a brushless, slip-ring-free synchronous motor that matches or exceeds the performance of permanent magnet solutions — without any magnets.

This latest grant brings the company’s intellectual property portfolio to five patents granted, ten in the pipeline, and fifteen trademarks filed spanning motor architecture, software controls, power electronics, and application-specific implementations.

Commercial Deployment

The patent strengthens Vimag Labs’ competitive position as it scales commercial deployments. The company currently has active pilots under way with established two-wheeler and passenger car manufacturers, with expansion planned into light commercial vehicles, commercial vehicles, and high-power industrial systems ranging from 200 kW to 600 kW. Additional application areas under development include robotics, defence, and cooling systems.

For OEMs, the platform offers a dual advantage: lower motor costs and freedom from the supply-chain risks of rare-earth magnets, the majority of which are currently sourced from China. For India, the technology directly supports the Make in India and Atmanirbhar Bharat objectives by enabling indigenous development of critical electric motor technology.

Manish Seth, Co-founder and CEO, Vimag Labs, said: “This patent is the outcome of over 87,600 engineering hours. It strengthens every dimension of our commercial roadmap- OEM partnerships, licensing, manufacturing scale-up, and future growth.”

He added: “Our long-term vision is to build scalable, software-driven, magnet-free motor systems for global electrification. This innovation strengthens India’s deep-tech base across electric mobility, power electronics, robotics, defence, and clean-energy systems.”

Funding and Partnerships

Vimag Labs recently raised USD 5 million in its Series A round led by Accel, with participation from Chakra Growth Fund and Thinkuvate. The company has also signed a manufacturing MoU with Jendamark Pvt. Ltd. to support VMSM production scale-up.

About Vimag Labs

Vimag Labs is a Bengaluru-based deep-technology company building a new class of electric motor. Its patented VMSM platform replaces rare-earth permanent magnets with software-defined magnetic fields, delivering equivalent or superior performance across mobility, industrial, and defence applications. The company is scaling operations across India, Europe, and the United States.

Axis Bank & BITS Pilani Launch ₹100 Cr Deep-Tech Research Park in Hyderabad to Drive Affordable Healthcare Innovation

Axis Bank, one of the largest private sector banks in India, has signed a Memorandum of Understanding (MoU) with Birla Institute of Technology and Science (BITS) Pilani, an Institution of Eminence, to establish the Axis Bank–BITS Industry Research, Technology & Innovation Park at the BITS Pilani Hyderabad Campus. This collaboration, with a ₹100 crore CSR marks a significant step towards strengthening India’s deep-tech and translational research ecosystem by creating an integrated launchpad for facilitating deeper industry-academia collaboration, driving innovation and entrepreneurship.

With a focus on Life Sciences, Biopharma, healthcare and medical devices, the proposed Axis Bank–BITS Industry Research, Technology & Innovation Park at the Hyderabad campus is being developed as a dedicated platform to strengthen India’s innovation ecosystem, with a focus on enabling cost-effective healthcare solutions that benefit the public at large. The Park's location in Hyderabad places it at the heart of Telangana's thriving life sciences corridor, anchored by Genome Valley. By embedding academia-led biopharma and deep-tech capabilities within this ecosystem, the partnership supports national priorities for affordable healthcare, translational research, and self-reliance in critical technologies under the Government of India’s ‘Atmanirbhar Bharat’ and ‘Make in India’ initiatives.

Under the partnership, BITS Pilani shall guide the Research Park’s governance and research agenda, while Axis Bank shall support its infrastructure development.

Spread across approximately 120,000 sq. ft., the Axis Bank–BITS Industry Research, Technology & Innovation Park shall house laboratories, incubation spaces, and diverse shared facilities under one roof, especially supporting innovators from academia, startups and MSME domains through structured partnerships, co-design and co-creation of projects. This will support technology transfer and IP management, and provide ready access to BITS Pilani’s academic expertise and talent.

Mr. Kumar Mangalam Birla, Chancellor, BITS Pilani, said, “The partnership between BITS Pilani and Axis Bank is exactly the kind of forward-looking collaboration India needs to build stronger innovation systems. The Research Park will help BITS Pilani deepen its work in cutting-edge research and entrepreneurship, while also contributing to solutions that can make a meaningful difference to society. It is encouraging to see academic and industry leaders come together with a shared commitment to research, talent development and lasting national impact.”

Speaking on the occasion, Mr. Amitabh Chaudhry, Managing Director & Chief Executive Officer, Axis Bank, said, “At Axis Bank, we believe that the future of inclusive and sustainable progress lies at the intersection of knowledge, innovation, and purpose. Our collaboration with BITS Pilani resonates strongly with our organizational ethos and our commitment to nurturing ecosystems that can solve real-world challenges. As institutions, we share a collective vision of building conscientious leaders equipped with knowledge and the unwavering resolve to make a difference.”

Prof. V. Ramgopal Rao, Vice-Chancellor, BITS Pilani, said, “This MoU represents a powerful alignment of vision between academia and industry. At BITS Pilani, we have always believed that the future of higher education lies in creating ecosystems that are interdisciplinary, research-intensive, and deeply connected to society and industry. The Axis Bank–BITS Research Park will help us build precisely such an ecosystem, one that supports faculty-led innovation, nurtures doctoral research, accelerates translation, and prepares our students to solve complex problems at scale.”

The MoU signing ceremony held in Mumbai brought together leaders from both the organisations around a shared goal of turning ideas into impact and strengthening the bridge between research and industry.

Viasat and WiSig Networks Collaborate to test 5G NB- NTN Chipset Solution for Global Satellite IoT

• Viasat, a global leader in satellite communications, and WiSig Networks, an IIT Hyderabad–incubated 5G/6G deep-tech company, today announced a collaboration to bring a new 3GPP Release 17 NB-IoT Non-Terrestrial Network (NTN) chipset and module into Viasat's L-band satellite IoT ecosystem.

The WiSig solution — built on technology originating from research at IIT Hyderabad — is currently undergoing testing at Viasat's UK laboratories for potential use with Viasat's highly reliable, global satellite network, with the goal of enabling standards-based satellite IoT services across maritime, government, enterprise and safety-of-life applications worldwide.

Extending Viasat's L-band satellite IoT ecosystem

The collaboration is intended to add a purpose-built, standards-compliant device class to Viasat's growing satellite IoT and NB-NTN portfolio. As the satellite IoT market evolves toward 3GPP-defined NTN standards, the WiSig NB-IoT NTN module could complement Viasat's existing L-band services with a low-power, low-cost device option for maritime, government, enterprise and safety-of-life use cases — from asset monitoring, tracking and control for industries like agriculture, energy, utilities and mining, to remote telemetry and humanitarian logistics in disaster zones.

A standards-based satellite IoT solution

WiSig's NB-IoT NTN solution is designed to comply with the 3GPP Release 17 standard for satellite IoT and supports both L-band and S-band operation. It is engineered for compact, low-power end devices delivering two-way messaging, location and low-rate data over satellite, with target battery life measured in years and a forward path to 5G Advanced and future 6G NTN evolutions.

The chipset and module are currently undergoing testing at Viasat's UK laboratories with Viasat's highly reliable L-band geostationary satellite network, which supports a range of safety-of-life, mobility and mission-critical communications services worldwide.

System-on-Chip designed in the country, developed under India's semiconductor and 5G/6G missions

The complete solution stack — including the baseband and RF SoC, module and reference end devices — was developed by WiSig Networks, building on research originating at IIT Hyderabad, where WiSig is incubated. Development has been supported by Government of India research grants under the Department of Telecommunications (DoT)'s 5G/6G research initiatives and the Ministry of Electronics and Information Technology (MeitY), including the Design Linked Incentive (DLI) Scheme administered under the India Semiconductor Mission. The product is among the early DLI-supported communication chip designs from India to undergo testing with a global satellite operator. Government funding has supported the indigenous R&D of the chipset; the collaboration with Viasat is a demo and testing cooperation between both organizations.

Indian market focus, global deploy-ability

A core objective of the collaboration is to explore how to enable satellite IoT services for the Indian market, including fisherman safety and tracking along the Indian coastline, maritime, disaster response, and connectivity for central and state government agencies operating in remote regions where terrestrial mobile coverage is unavailable.

Viasat operates a global L-band geostationary satellite network, including satellite coverage in India with its partner Bharat Sanchar Nigam Limited (BSNL). In October 2024 at India Mobile Congress, the company demonstrated standards-based direct-to-device satellite connectivity in India in collaboration with BSNL. The introduction of WiSig's NB-IoT NTN device-class module aims to broaden the satellite IoT ecosystem available over Viasat's network in India.

Designed to operate over Viasat's worldwide satellite network, the WiSig module is positioned for global availability following successful completion of testing, with India serving as both a foundational market and a centre of indigenous chip-design talent.

Gautam Sharma, MD Viasat India, said: “Viasat continues to be excited by the potential for NTN technology to extend satellite connectivity to billions more devices around the world. By collaborating with partners like WiSig on its NB-NTN solution, we aim to expand the ecosystem to bring standards-based NTN connectivity for major industries. Our collaboration represents our continued commitment to innovation in India, where we can work with emerging technology leaders to make a global impact.”

Prof. Kiran Kuchi, Founder, WiSig Networks and Faculty, IIT Hyderabad, said: "This collaboration with Viasat is a significant moment for India's deep-tech ecosystem — taking a standards-compliant communication SoC, developed at WiSig Networks on a foundation of research at IIT Hyderabad, into testing with one of the world's leading satellite operators. We are grateful for the support of DoT and MeitY, and we look forward to the impact this collaboration with Viasat can have for users in India and globally."

Announced in the context of Bharat Innovates 2026

The announcement is being made in the context of Bharat Innovates 2026, India's deep-tech showcase in Nice, France, held as part of the India–France Year of Innovation 2026. The initiative was announced by Prime Minister Shri Narendra Modi and is intended to showcase India's leading deep-tech ventures on a global platform. WiSig Networks has been selected to participate.

About Viasat

Viasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people’s lives anywhere they are — on the ground, in the air or at sea — while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com, the Viasat News Room or follow us on Facebook, Bluesky  Instagram, LinkedIn, X or YouTube

About WiSig Networks

WiSig Networks’ vision is to become a leading Indian supplier of programmable, intelligent and future-ready 5G/6G networks, semiconductors, software and services. Its mission is to build indigenous, standards-driven wireless platforms that serve India’s strategic needs while competing in global telecom and satellite markets. WiSig develops full-stack 5G FWA networks, O-RAN-based CU/DU/radio systems, Massive MIMO and ULPI radios, and private/enterprise 5G solutions. The company’s semiconductor portfolio includes 5G NB-IoT NTN SoCs, modules and satellite-IoT devices for remote, defence, maritime, asset-tracking and IoT applications. With deep IP in 5G/6G, field-proven deployments and IIT Hyderabad incubation, WiSig is positioned as one of India’s emerging full-stack wireless deep-tech companies.

India’s EON Space Labs Unveils Germanium‑Free AI Imaging System for Next‑Gen ISR Missions

EON LUMIRA

Deep-tech startup EON Space Labs has launched an indigenously developed ultra-lightweight Germanium-free EO and infrared imaging system designed for advanced aerial Intelligence, Surveillance, and Reconnaissance (ISR) missions. Lumira_E40I50 was designed and engineered to eliminate reliance on germanium, a critical mineral for defence electronics and long-wave infrared imaging.

Designed and manufactured in India, Lumira bypasses the global germanium supply chain, riddled by ongoing export restrictions and price volatility. India is currently 100% import dependent, and geopolitically motivated trade restrictions have caused prices to shoot more than 3 times since mid-2023.

“We made a deliberate decision early to design and engineer a germanium-free infrared imaging system. By eliminating any dependence on its use for thermal imaging, we’ve developed a system that’s resilient not only to supply chain disruptions but also enables scalable, cost-effective domestic manufacturing,” said Sanjay Kumar, Co-founder of EON Space Labs.

Lumira delivers real-time Edge AI detection and classification capabilities that can detect humans from a distance of up to 2 kms and vehicles at 8 kms. The complete suite includes 40X optical zoom, a long-wave infrared (LWIR) thermal sensor, and gimbal. Weight as per specs ranges from 800g to 2.2kg, making it suitable as a plug and play payload for compact UAVs, drones, aerostats and eVTOLS, that engineered to MIL-STD-810H standards, and capable of performing in extreme temperatures from -20°C to +55°C.

 

Cofounders of EON Space Labs (Left to Right, Punit Badeka, Sanjay Kumar, Manoj Kumar Gaddam)

“Lumira is much easier to manufacture domestically at scale and has global export potential. The future of military-grade imaging relies on innovations that combine advanced performance, mission endurance, and payload flexibility, with a zero-compromise mindset on technological sovereignty," added Punit Badeka, Co-founder of EON Space Labs.

The ongoing conflict in the Middle East has forced Israel, accounting for almost 15% of India’s defence imports, to temporarily halt critical exports that include missiles, UAVs, radars, sensors, electro-optics and EW systems. EON Space Labs is also readying the launch of a ground-based ISR platform, named Raven, by mid-2026, to address the present-day reality of asymmetric warfare, driven by the threat of loitering munitions and kamikaze attack drones.

ideaForge inks MoU with Japan's DMP to Expand Global Footprint in Next-Gen AI Drones

ideaForge Technology Limited, India’s leading drone technology player, has signed a strategic Memorandum of Understanding (MOU) with Digital Media Professionals Inc. (DMP), a leading AI technology provider in Japan. Under this partnership, ideaForge will develop next-generation Di1-powered AI drones and enter the Japanese market with DMP's support, marking a major step forward for India's deep-tech global expansion.

As the global drone market surges from USD 54.9 billion in 2024 to USD 117.6 billion by 2030, Japan’s market is slated to grow from USD 2.0 billion in 2025 to USD 5.1 billion by 2034. To enable this growth, Edge AI is critical for drone-based autonomous solutions in defense, security, & industrial applications. The Di1 edge AI SoC from DMP has FP4-based NPU for high-performance, low-power, 4-channel camera for 360-degree vision, and strong imagery, which works in tandem with ideaForge’s rugged, secure, autonomous, and resilient field-proven VTOL drones to perform robust autonomous flight in severe environments and complex terrains. Together, ideaForge’s UAS end-to-end expertise and DMP’s Physical AI arm bring smarter and safer autonomous systems for accelerated adoption.

The partnership is focused on two key areas where ideaForge will provide the Di1 integration in its UAV platforms to enable new features, and DMP will be the Go To Market (GTM) partner for ideaForge’s drone solutions portfolio in Japan, enabling demonstrations, customer outreach, distribution, training, and after sales support.

On this occasion, Mr. Ankit Mehta, CEO and Co-founder, ideaForge Technology Ltd said, “Our vision at ideaForge is to build next-generation intelligent unmanned aircraft systems by seamlessly integrating advanced design, engineering, manufacturing capabilities, and cutting-edge AI technologies. This collaboration with DMP aligns perfectly with our broader strategy to develop high-performance, customizable AI for defense autonomy drones that efficiently address diverse global market needs from defense surveillance and border security to industrial infrastructure inspection and precision agriculture. Through this collaboration, we would be able to leverage DMP’s strong presence and understanding of the Japanese market to accelerate our global expansion initiatives and will provide smarter, more efficient, and sustainable autonomous drone systems that deliver real-time decision-making, extended endurance, and unmatched reliability in the most demanding environments.”

Tatsuo Yamamoto, Chairman, President & CEO, Digital Media Professionals Inc., added: “We are thrilled to partner with ideaForge, a global leader in mission-critical drones, to integrate our Di1 edge AI SoC into their next-generation UAV platforms. This MOU accelerates Di1’s accelerated deployment while enabling DMP to bring ideaForge’s rugged, high-endurance, and resilient drones to Japan’s defence, security, and industrial markets. We will work together to create Physical AI-powered solutions that change the way drones operate in terms of safety, accuracy, and independence.”

This collaboration is a critical milestone in the global expansion of ideaForge, leveraging Indian deep-tech innovation and Japanese AI expertise to create mission-critical defense, security, and industrial drones for the Japanese market. ideaForge already has an established presence in the United States through its joint venture, First Forge Technology, focused on manufacturing and distribution in the region. By creating a flexible framework for joint development and market entry, the two companies are poised to capitalize on high-growth opportunities while pioneering sustainable, autonomous aviation technologies that transform resilience and efficiency in operations.

India's Ist Quantum Testbed Powers Up in Amaravati

India’s first quantum reference facility has been inaugurated in Amaravati, Andhra Pradesh, marking a major leap in deep‑tech research. The Amaravati Quantum Reference Facility (AQRF) at SRM University and Medha Towers will serve as open‑access testbeds for quantum hardware, enabling indigenous research, certification, and training.

Key Highlights

• Launch Date: April 14, 2026 (World Quantum Day)
• Location: SRM University, Amaravati, and Medha Towers, Gannavaram
• Inaugurated By: Andhra Pradesh Chief Minister N. Chandrababu Naidu
• Facilities: Amaravati 1S (academic testbed) and Amaravati 1Q (industry certification)

Purpose and Impact

• Open‑access infrastructure for researchers, startups, and companies
• Supports India’s first home‑grown quantum computer by Qbit Force
• Strengthens sovereign quantum capabilities under the National Quantum Mission
• Positions Amaravati as a future “Quantum Valley”

Comparative Context

Facility	Location	Focus	Significance
Amaravati 1S	SRM University	Academic testbed	Enables students & researchers to experiment
Amaravati 1Q	Medha Towers	Industry certification	Provides standards & validation for hardware
QU‑414	Amaravati	Open‑source reference	Supports training & indigenous hardware

Future Challenges

• High cost of quantum infrastructure
• Need for rapid talent development
• Global competition from U.S. and China

Strategic Importance

• For India: Reduces dependency on foreign labs, accelerates innovation
• For Andhra Pradesh: Positions Amaravati as a deep‑tech hub
• For Academia & Industry: Bridges research and commercialization

In short, Amaravati’s Quantum Reference Facility is India’s first sovereign quantum testbed ecosystem, designed to empower indigenous research, industry certification, and global competitiveness in deep‑tech.

NetApp Excellerator Cohort-14 Demo Day Showcases India’s Deep-Tech Startups Driving AI and Cloud Innovation

NetApp, the Intelligent Data Infrastructure company, today hosted the Demo Day for the 14th cohort of its flagship accelerator program – NetApp Excellerator. The event brought together some of the most promising deep-tech startups working at the intersection of AI, data, and cloud. The event showcased how the selected startups are redefining possibilities in enterprise technology, responsible AI, and digital infrastructure.

The Demo Day marked the culmination of an intensive, mentorship-driven journey for Synthefy, Filo Systems, TrueFoundry, Sentra, and Genloop.ai — five innovative startups that were part of the current cohort. Over the past few months, these startups worked closely with NetApp’s global leadership and technology experts to fine-tune their solutions, build scalable go-to-market models, and explore proof-of-concept (PoC) opportunities with NetApp customers and partners.

“Through NetApp Excellerator, we aim to nurture innovation that has real-world impact — supporting startups building the next generation of data and AI infrastructure. Each cohort reinforces our belief that collaboration between startups and established enterprises can accelerate meaningful change,” said Vasanthi Ramesh, VP & Engineering Head, NetApp India. “As we celebrate another successful Demo Day, we’re proud to see how these founders are pushing boundaries and strengthening India’s position as a global innovation hub.”

Speaking about the impact of the program, Anuraag Gutgutia, COO, Co-Founder, TrueFoundry, shared, “NetApp Excellerator has been instrumental in refining our platform which will help us scale our business vision. The mentorship, technical guidance, and access to NetApp’s network with real business value delivered, helped us accelerate faster than we imagined while building for global markets with confidence.”

Since its inception in 2017, NetApp Excellerator has emerged as one of India’s leading corporate accelerator programs, dedicated to empowering deep-tech and AI-led startups. To date, the program has accelerated 90 startups over eight years and 13 cohorts. Its alumni have collectively raised over USD 600 million, and eight startups have achieved successful exits. Recognized among the top five accelerator programs in India for corporate innovation by the NexTT Awards, NetApp Excellerator continues to play a pivotal role in building innovation-driven businesses.

As the Demo Day for Cohort 14 concluded, the spotlight was on collaboration, responsible innovation, and the power of India’s deep-tech ecosystem to drive future-ready solutions. With each new cohort, NetApp continues to strengthen its mission to empower startups that are building for scale, sustainability, and global relevance.

About NetApp

For more than three decades, NetApp has helped the world’s leading organizations navigate change – from the rise of enterprise storage to the intelligent era defined by data and AI. Today, NetApp is the Intelligent Data Infrastructure company, helping customers turn data into a catalyst for innovation, resilience, and growth.

At the heart of that infrastructure is the NetApp data platform – the unified, enterprise-grade, intelligent foundation that connects, protects, and activates data across every cloud, workload, and environment. Built on the proven power of NetApp ONTAP, our leading data management software and OS, and enhanced by automation through the AI Data Engine and AFX, it delivers observability, resilience, and intelligence at scale.

Disaggregated by design, the NetApp data platform separates storage, services, and control so enterprises can modernize faster, scale efficiently, and innovate without lock-in. As the only enterprise storage platform natively embedded in the world’s largest clouds, it gives organizations the freedom to run any workload anywhere with consistent performance, governance, and protection.

With NetApp, data is always ready – ready to defend against threats, ready to power AI, and ready to drive the next breakthrough. That’s why the world’s most forward-thinking enterprises trust NetApp to turn intelligence into advantage.

NETAPP, the NETAPP logo, and the marks listed at www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.

L&T-Cloudfiniti and QpiAI Partner to Drive Quantum Computing Workloads Including Quantum Computing as a Service (QCAAS)

To revolutionise the quantum computing landscape globally, L&T-Cloudfiniti has forged a strategic partnership with Bengaluru-based deep-tech company QpiAI. The collaboration will focus on driving quantum computing workloads, including Quantum Computing as a Service (QCAAS), enabling scalable deployment of quantum solutions across domains.

L&T-Cloudfiniti and QpiAI will explore collaborative opportunities under India’s National Quantum Mission. QpiAI is the company that has built Indus, India's most powerful 25-qubit quantum computer. Going forward, they will offer 256-qubit quantum computer, followed by a fault-tolerant quantum computer with 100 logical qubits, thus opening up large-scale commercial applications.

Combining L&T’s industry leadership with QpiAI’s technical capabilities, the two companies will initiate and execute joint R&D programmes focussed on next-generation solutions at the intersection of artificial intelligence and quantum computing. This will lead to the development of innovative solutions that address complex challenges across domains, including finance, healthcare, logistics and more.

Commenting on the collaboration, Ms Seema Ambastha, Chief Executive, L&T Cloudfiniti, stated: “We are thrilled to partner with QpiAI to drive quantum computing workloads globally. This collaboration will leverage our cloud infrastructure to host and execute quantum algorithms, enabling scalable deployment of quantum solutions across domains. Together, we aim to deliver innovative and efficient solutions to our customers and enhance operational efficiency.”

Dr Nagendra Nagaraja, CEO, QpiAI, added: “The collaboration with L&T-Cloudfiniti marks a significant milestone in the advancement of quantum computing technology. By combining our technical expertise with L&T’s industry leadership, we are poised to drive innovation and deliver cutting-edge solutions to our customers. We are excited about the opportunities this partnership will bring under India’s National Quantum Mission.”

The partnership marks a significant milestone in the advancement of quantum computing technology and its application across industries.

India Seeks Japanese Tech to Power Next-Gen Fighter Jets & Tanks

In a move that promises to reshape India's defence manufacturing landscape, the Indian government is reportedly exploring the incorporation of Japanese technology for the co-production of next-generation engines for fighter jets and tanks. This strategic dialogue, initiated at the historic Manekshaw Centre in Delhi, was marked by a high-level meeting between Indian Defence Minister Rajnath Singh and his Japanese counterpart, General Nakatani.

Tapping into a Legacy of Engine Excellence

IHI F7 engine for test (Source - Wikipedia) 

Japanese expertise in aero-engine and tank propulsion technologies spans nearly a century. Companies such as Kawasaki Heavy Industries, Mitsubishi Heavy Industries, and Ishikawajima-Harima Heavy Industries, which form the backbone of Japan's Aero Engine Corporation, have a long track record of designing and manufacturing high-performance powerplants for global markets.

These engines, built using advanced materials like high-temperature alloys and precision machining techniques, are used in some of the world's most demanding aviation and armored applications.

By collaborating with Japan, India intends to leverage this deep technical know-how to overcome persistent bottlenecks in its indigenous engine programs, such as those for the Advanced Medium Combat Aircraft (AMCA) and Tejas Mark II.

Engine Technologies: From Fighter Jets to Tanks

The technical challenges involved in developing engines for modern fighter jets and tanks are formidable but distinct. For fighter jets, propulsion systems must feature an exceptional thrust-to-weight ratio, high fuel efficiency, and the ability to operate reliably at high altitudes and speeds. They incorporate cutting-edge combustion systems, turbine blades made from exotic alloys, and advanced digital control systems that optimize performance under extreme conditions.

On the other hand, tank engines require immense low-end torque and efficient power delivery to support heavy armor and unpredictable terrains. They must also deliver consistent performance across long operational periods without compromising on durability.

By joining forces, India and Japan hope to combine India’s robust manufacturing practices—evident in its success in maintenance, repair, and overhaul (MRO) contracts for US warships—with Japan’s innovative engine design capabilities, creating a synthesis that could set new standards for military propulsion technologies.

Enhancing Broader Defence Capabilities

General Electric GEnx engine, specifically designed for the Boeing 787 Dreamliner.
Japan's IHI has responsibility for the design, manufacture and assembly of about 13% of the engine, which primarily include the rotating members of the low pressure turbine, the aft part of the high pressure compressor airfoils, and fan mid-shaft. GEnx is a trademark of GE

The discussions between India and Japan were not confined solely to engine technology. Both leaders recognized the value of a holistic defence partnership, which included mutual cooperation in emerging domains such as automation, artificial intelligence, cyber security, and space technology. This broader approach is expected to boost the overall capabilities of Indian forces aboard air, land, and sea. Notably, Japan’s invitation to India to join the Global Combat Air Programme (GCAP), aimed at developing a sixth-generation stealth fighter jet, underscores the strategic depth of this multifaceted collaboration.

Such initiatives not only bolster the immediate technological edge but also set the stage for long-term transfer of cutting-edge technology and skills—a critical component in India's "Make in India" vision for self-reliance in defence production.

Geo-strategic Implications and Future Prospects

F7-10 Turbo fan engine rear, at Iwaguni Air Base.

Amid shifting power dynamics in the Indo-Pacific, the India–Japan co-production initiative marks a significant step forward in strategic defence ties. Deepened military collaboration between the two nations is expected to serve as a counterbalance to regional threats while reinforcing maritime cooperation and regional stability.

Over the coming years, joint production ventures like the engine co-development project could catalyze further innovation in both nations’ defence sectors and stimulate a ripple effect across related high-tech industries.

Moreover, the successful fusion of Japanese technological finesse with India’s robust industrial base may pave the way for additional collaborative projects and enhance not only combat performance but also the resilience of supply chains in critical defence domains.

The initiative signals a new era where international co-production is not merely about sharing costs but is fundamentally about integrating complementary strengths. For India, this is not just a stop-gap measure to overcome current challenges in fighter jet and tank engine development—it is a strategic investment in future technological capabilities.

By harnessing the established expertise of Japanese manufacturers, India can fast-track its journey toward building world-class defence hardware that meets the rigorous demands of modern warfare. In doing so, the Indo-Japan partnership is setting a gold standard in defence innovation—one that will undoubtedly capture the attention of global defence analysts and industry leaders alike.

Harnessing Deep-Tech: India's Path to Global Tech Dominance

Authored by Pramod Gummaraj, Founder and CEO of Aprecomm

India's tech ecosystem is witnessing a remarkable resurgence, with the first quarter of 2025 witnessing tech startups securing $2.5 billion in funding which is a 13.64% increase from the previous quarter and an 8.7% rise year-over-year. This achievement positions India as the third most-funded country globally, trailing only the US and the UK.

This influx of capital signifies a deliberate shift from the traditional focus on consumer-centric ventures to an emphasis on deep-tech domains. Investors are now channelling resources into startups specializing in artificial intelligence (AI), robotics, blockchain, and other advanced technologies. This strategic reallocation is not merely a trend but a response to the escalating global demand for sophisticated technological solutions that address complex challenges across various industries.​

Global Momentum for India's Deep-Tech Startups

Indian deep-tech startups are gaining unprecedented global traction. The number of these startups securing Series A funding and beyond has surged, indicating a maturing ecosystem. This trend is further bolstered by increased collaboration between academia, government, and industry, fostering an environment conducive to innovation and the commercialization of research.​

The current trajectory aligns with India's ambitions to lead in AI and advanced technologies. The government's focus on fostering innovation, as evidenced by policies promoting deep-tech growth, is creating an ecosystem where startups can thrive. This strategic emphasis is essential for India to not only keep pace with global advancements but to set new benchmarks in technological innovation.

The government's proactive initiatives have played a pivotal role in this evolution. For instance, the Atal Innovation Mission (AIM) has been extended until March 2028, with a budget allocation of ₹2,750 crore. AIM 2.0 aims to underscore global competitiveness, introduce new initiatives, emphasize public-private partnerships, address the rural-urban imbalance, and focus on the growth and expansion of India's entrepreneurship ecosystem. This strategic emphasis enhances India's positioning as a global tech powerhouse.

Implications for Emerging Technologies

The strategic infusion of capital into deep-tech sectors has profound implications for emerging technologies. As industries grapple with increasing complexities and data proliferation, the demand for intelligent systems capable of autonomous management and optimization has intensified. Investments in AI and related technologies are crucial to developing solutions that can enhance operational efficiency, security, and scalability.​

Furthermore, the global recognition of India's deep-tech capabilities opens avenues for international collaborations and market expansion. Startups demonstrating robust, scalable solutions are well-positioned to attract further investment and establish a global footprint, thereby contributing to India's emergence as a global technology leader.

Among the various deep-tech domains, network intelligence has emerged as a pivotal area, especially as network operators confront escalating complexities and demands. The integration of advanced technologies into network management enables networks to self-optimize, self-heal, and adapt to dynamic conditions, thereby enhancing performance, security, and reliability.​

The current funding surge into deep-tech startups focusing on network intelligence is timely. As networks become more complex, the necessity for intelligent systems that can autonomously manage and optimize network performance grows. Investments in this sector are not merely about enhancing existing infrastructures but are aimed at pioneering solutions capable of addressing future challenges in network management.​

Major Telecommunications Companies Investing in Digital Infrastructure

Recognizing the transformative potential of advanced technologies, major telecommunications companies are proactively investing in digital infrastructure to support the AI era. These investments are strategically directed towards enhancing network capabilities, improving customer experiences, and unlocking new revenue streams. The focus is on integrating intelligent systems that can autonomously manage and optimize network performance, ensuring resilience and efficiency in the face of growing data demands.

While the momentum is promising, deep-tech startups face unique challenges, including longer gestation periods for research and development, higher capital requirements, and the need for specialized talent. However, the current funding surge provides a ray of hope, offering the necessary resources to navigate these challenges and bring groundbreaking technologies to market.​

Indian-Norwegian Deeptech Aerospace Startup SiriNor Successfully Tests World’s 1st All-Electric Jet Engine

SiriNor, a deeptech aerospace startup based in India and Norway, has successfully completed the on-ground test of its all-electric jet engine in Pune, marking a key milestone for the future of clean aviation.

The test, which achieved Technology Readiness Level 6 (TRL-6) under NASA’s framework, proved that SiriNor’s proprietary engine can deliver both the performance and scalability needed for commercial use. The engine exceeded its design targets, reaching over 40,000 RPM and delivering 10 kgf of thrust, demonstrating its readiness for commercial development and real-world applications.

SiriNor is addressing a jet engine market projected to exceed USD 100 billion by 2030, at a time when aviation emissions and costs are under growing scrutiny. With a power-agnostic design compatible with both batteries and hydrogen fuel cells, the electric jet engine is built for application across drones, unmanned aerial vehicles (UAVs) to regional aircraft and seaplanes, targeting both civilian and defence markets.

Approaching commercialisation in a phased manner, SiriNor will integrate its engine with UAVs, targeting rollout by mid-2026. Building on this foundation, SiriNor will expand to seaplanes and ground-effect vehicles, aiming for certification and market entry in 2027. The final phase focuses on scaling up for regional and civil aircraft, with integration and certification planned for 2030. This staged process allows SiriNor to validate its technology, gain operational experience, and accelerate adoption—starting with drones and scaling to mainstream, zero-emission flight across the aviation sector.

SiriNor has already attracted early-stage investment from Shell E4, DCM Shriram, and several prominent angels, and has secured a valuation exceeding USD 20 million. The company is preparing to raise another USD 5 million in 2025 to accelerate commercialization.

Seven Letters of Intent (LOIs) have been signed with global partners in the UAV, ground-effect vehicle, and small aircraft sectors. SiriNor has also already signed an MoU with Genser Aerospace earlier in 2025 to integrate its electric jet engine into Genser’s Light Business Programme.

“We had the fortune of meeting Abhijeet at a startup conference and were deeply impressed by his passion and commitment to building a sustainable electric jet engine. After hearing Abhijeet’s pitch, it was clear to me that this was serious, homegrown technology being developed right here in India. I truly believe this represents the future of aviation, and I’m proud to be part of this journey,” said Mr. Alok B Shriram, CEO, DCM Shriram Industries Ltd.

By eliminating combustion and the need for exotic materials, the SiriNor engine cuts manufacturing costs by 30% and reduces maintenance by 40%. The flexible engine architecture lowers barriers to adoption, enables easier retrofitting, and is highly relevant for both emerging and established aviation manufacturers.

Ivar Aune, Chairman & CEO, SiriNor, said –

This ground test is not just a technical milestone. It’s a moment of validation for our amazing team and our common vision. I’m incredibly proud of our team, who have dedicated five relentless years to reaching this point. Their hard work, perseverance, and never-say-die attitude made this achievement possible. TRL6 is a result of their hard work and a testament to their belief in our mission.

Abhijeet Inamdar, Co-founder and CEO, SiriNor India, added,

Our engine architecture is designed for flexibility at its core, enabling us to usher in a new era of emission-free, electrified aviation. I’m proud to be part of this transformative journey and to contribute meaningfully to the Make-in-India mission.

This breakthrough aligns with India’s push for sustainable aviation and could disrupt the USD 100 billion jet engine market.

Disclaimer by SiriNor: The electric jet engine highlighted in this news has completed laboratory testing at Technology Readiness Level 6 (TRL6) under controlled conditions. Some figures and projections shared are based on assumptions regarding current market conditions and supply chain constructs. These results are preliminary and subject to further validation through real-world testing and regulatory review.

The World's First Fully-Electric Jet Engine(s) 

SiriNor claims its jet engine is the world’s first all-electric jet engine, However, verifying whether it is truly the first requires comparing it to other electric propulsion systems developed globally.

While electric aircraft propulsion has been explored before—such as NASA’s X-57 Maxwell and Rolls-Royce’s Spirit of Innovation —these systems primarily use electric propellers rather than a true jet engine. SiriNor’s design appears to be distinct in that it mimics traditional jet propulsion while being fully electric.

SiriNor's engine uses true jet propulsion, whereas electric aircraft like NASA's X-57 Maxwell and Rolls-Royce's Spirit of Innovation rely on electric propellers.

If Power Source is considered, SiriNor's design is power-agnostic, meaning it can run on battery systems or hydrogen fuel cells, making it more adaptable.

SiriNor's engine achieved 40,000 RPM and 10 kgf thrust, proving its feasibility for UAVs, seaplanes, and regional aircraft.

For the scalability, the young Indian startup company plans to scale up to regional aircraft by 2030, whereas most electric propulsion systems today are limited to small planes and drones.

About SiriNor

Operating between Norway and India, SiriNor has pioneered a tip-driven propulsion system using distributed edge-mounted motors instead of a central hub that results in significantly lower operating temperatures, simplified manufacturing resulting into at least 30% lower costs. SiriNor aims to license its technology and partner with established global suppliers for contract manufacturing. The engine is power-agnostic and compatible with both electric battery packs and hydrogen fuel cells, enabling adaptable deployment across aviation's evolving energy landscape.

SiriNor will now advance to TRL 7 testing of its 40cm x50 cm prototype, with plans to commercialise the UAV engine by mid-2026 with the goal of scaling toward commercial aviation platforms by 2030. The company’s staged approach from UAVs to regional aircraft positions it as a pragmatic, innovation-driven player in the race to decarbonise the aviation sector.

SiriNor has already raised early-stage funding, crossing USD 20 million valuation following its successful TRL-6 test, with plans to raise another USD 5 million in Q2 of 2025.

The Founders

Ivar Aune

Based in Stavanger, Norway Ivar Aune is the CEO and Chairman of SiriNor. With over 20 years of leadership experience in venture capital, energy technology, and engineering, Ivar leads SiriNor’s global strategy and product roadmap.

At SiriNor, Ivar drives the company’s mission to develop power-agnostic electric jet engines, scaling from UAV to aircraft. His leadership bridges Norway’s deep engineering tradition with India’s emerging aerospace ecosystem, positioning SiriNor at the forefront of clean aviation. Prior to SiriNor, Ivar served as Investment Director at Equinor Ventures, where he was involved in 30 transactions including investments in hydrogen and fusion energy companies as well as several successful exits.

He has served on the boards of over a dozen startups in energy transition, drilling technology, and industrial automation. Ivar holds an MSc in Petroleum Engineering from NTNU and has formal training in project management from OsloMet. His career spans roles at Statoil, Norsk Hydro, and global advisory boards, giving him cross-functional expertise in engineering, finance, and scaling deeptech ventures.

Abhijeet Inamdar

Abhijeet Inamdar is the co-founder and India CEO of SiriNor, a Norwegian-Indian aerospace startup developing the world’s first scalable electric jet engine. With more than 20 years of global experience across energy, aviation, and deeptech, he brings a unique blend of technical expertise and commercial leadership to the clean aviation sector.

At SiriNor, Abhijeet along with Ivar, leads strategy, team building, fundraising, and partnerships, driving the company’s mission to build zero-emission, power-agnostic jet engines for UAVs, seaplanes, and regional aircraft. His work focuses on aligning advanced propulsion technologies with the future needs of sustainable aviation.

Prior to SiriNor, Abhijeet served as an investment manager at Equinor, where he led strategic technology investments in areas such as emissions monitoring, artificial intelligence, hydrogen, and mobility. During his time there, he held board positions in several high-growth startups, including SeekOps, Reveal Energy Services, and Ambyint, and also advised Advanced Aircraft Company, a US-based hybrid drone startup.

Abhijeet holds a master’s degree in petroleum engineering from the University of Alaska Fairbanks. He was featured in Hart Energy Journal’s 40 Under 40 Investors in North America in 2019, and in 2022, was recognized by Passion Vista Journal as one of the Most Admired Global Indians.

How Will ANRF Support Startups and Small Businesses?

The Anusandhan National Research Foundation (ANRF) was established through the ANRF Act, 2023 to provide strategic direction for research, innovation, and entrepreneurship across various scientific disciplines in India. It serves as an apex body guiding scientific research in alignment with the National Education Policy (NEP).

ANRF has subsumed the Science and Engineering Research Board (SERB), which was originally set up in 2008, and now fosters collaborations between industry, academia, and government institutions. It aims to seed, grow, and promote research and development (R&D) across universities, colleges, research institutions, and R&D laboratories.

The foundation plays a crucial role in India’s scientific ecosystem, ensuring that research efforts align with Viksit Bharat 2047 and global best practices.

ANRF is launching initiatives to support startups and MSMEs, particularly in deep tech innovation. Here’s how it plans to help:

• Small Business Deep Tech Innovation Program: ANRF is rolling out a program inspired by global best practices to help startups and small businesses scale up technologies for real-world applications.
• Cloud of Research and Innovation Infrastructure: This initiative will allow deep-tech startups and institutions to access underused research equipment across India, maximizing national research infrastructure.
• Private Sector Collaboration: ANRF is positioning itself as a catalyst for private sector investment, ensuring that research outcomes align with market needs and public utility.
• AI-for-Science Initiative: ANRF is leveraging AI to accelerate scientific research, helping startups integrate AI-driven solutions into their solutions.

These efforts aim to bridge the gap between research and commercialization, ensuring that scientific advancements translate into scalable business solutions.

How does ANRF support differ from other startup programs?

ANRF’s support for startups and small businesses stands out in several ways compared to traditional startup programs:

• Deep-Tech Focus: Unlike many startup incubators that emphasize broad entrepreneurship, ANRF specifically targets deep-tech innovation, ensuring that research-driven startups receive tailored support.
• Hub-and-Spoke Model: Through the Partnerships for Accelerated Innovation and Research (PAIR) initiative, ANRF connects startups with top-tier research institutions, fostering mentorship and collaboration.
• Access to National Research Infrastructure: ANRF’s Cloud of Research and Innovation Infrastructure allows startups to utilize underused research equipment across India, reducing costs and accelerating R&D.
• AI-Driven Research Acceleration: ANRF integrates AI-for-Science initiatives, helping startups leverage AI for scientific breakthroughs and commercialization.
• Government-Industry Collaboration: Unlike standalone startup accelerators, ANRF facilitates cross-ministerial missions, ensuring that research aligns with national economic and technological priorities.

ANRF has been instrumental in supporting deep-tech startups and MSMEs through its Small Business Deep Tech Innovation Program. While specific startup names aren't widely publicized, some of the key areas where ANRF-backed ventures are making an impact are — AI-driven scientific modeling, Next-Gen battery technologies, Space-based applications, Healthcare and biotech, and startups focusing on medical diagnostics, drug discovery, and AI-powered health solutions.

ANRF’s Cloud of Research and Innovation Infrastructure has also helped startups access underused research equipment, reducing costs and accelerating development.