Energy Tech Series B Founded 2014

Cygni Energy

📍 Hyderabad, India · Energy Storage Tech,

www.cygni.com/ ↗ · LinkedIn ↗ · Twitter/X ↗

Funding snapshot

Last roundSeries B

Amount$12M

Date25 August 2022

Total raised$28M

Valuation31,282,503 (Aug 19, 2022)

Team size83

About

Manufacturer of lithium-ion battery packs for electric vehicles and energy storage. It provides customized solutions for various applications, including two-wheelers, e-rickshaws, and commercial/industrial energy storage systems. The company offers scalable and customizable options to meet diverse energy needs. Its battery packs are designed for high performance and low maintenance. Founded in 2014, headquartered in Hyderabad, India. Cygni Energy operates in the Energy Storage Tech, Electric Vehicles sectors. The company focuses on Lithium Ion. The company has raised $28.4M in Series B funding. Notable investors include Sasken, RTBI, Indian Overseas Bank, Meridian Global Ventures, Millennium Alliance, IndusInd Bank, among others. The company is categorized under Energy Tech > Energy Storage Tech; Energy Tech > Electric Vehicles.

Business model

Electric Vehicles > Components > Batteries > Multi Category Vehicles > Lithium Ion,

Energy Storage Tech > Battery > Secondary Battery > Lithium Ion

Team background

College Wise > Stanford University, XLRI- Xavier School of Management

Institutional investors

Sasken RTBI Indian Overseas Bank Meridian Global Ventures Millennium Alliance IndusInd Bank Endiya Partners VKS Family Trust Pks Family Trust ICICI Bank Caspian Debt Caspian Equity Prabhjot Kaur Lakashmi Narasamma Uma Jalapathy