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Introducing the first of what'll be an occasional edition within my daily morning brief podcast -- Founder's Briefing. In this episode, Bhaktha Ram Keshavachar, founder and CEO of Chara Technologies, talks about a new funding round at his startup.Chara, based in Bengaluru, specializes in building rare earth-free motors and matching controllers. That China, which has a near monopoly on the supply chain of rare earth minerals, has intensified its restrictions on their exports, is something of a tailwind for ventures like Chara.In this briefing, Bhaktha covers the company's Series A funding of Rs. 52 crore, or about $6 million, which was announced yesterday, and how the money will help. Plans include, ramping up sales, further investment in new technology and products, and a significant increase in motor production capacity.Also listen to:India Tech Report: In ConversationSubscribe to my posts:indiatechreport.in

IFC proposes $6M equity investment in African Catalyst FundThe International Finance Corporation (IFC) plans to invest up to $6 million in Catalyst Fund, which is targeting a corpus of $40 million for early-stage climate-tech startups across Africa, Africa Private Equity News reports. Managed by Catalyst Impact Partners, the fund focuses on fintech for climate resilience, sustainable livelihoods, and climate-smart services in multiple African countries including Nigeria and Kenya. This investment supports the growth of early-stage climate solutions continent-wide.Spain stands out for ESG and climate tech startups amid extreme weatherSpain, highly impacted by extreme climate events like heatwaves and floods, is emerging as a European leader in ESG and climate tech startups. Companies like Credibl use AI-powered platforms to help over 150 organizations meet sustainability goals, Novobrief reports. Supported by €163 billion EU green funds, Spain is advancing toward a low-carbon, resilient economy aligned with the EU Green Deal.Iceland reigns as global climate tech leader in 2025Iceland is recognised globally for its leadership in climate tech, excelling in geothermal energy, carbon capture and storage, and biotech innovations, Energy Digital reports. With projects like Carbfix converting CO2 to stone and advanced geothermal power, Iceland combines strong public leadership, research, and cross-sector collaboration to pioneer scalable, impactful climate solutions. Its renewable energy-powered tech scene is rapidly growing and influential worldwide.India and UAE deepen cooperation in climate action and biodiversityIn Abu Dhabi, India's Union MoS for Environment Kirti Vardhan Singh met with UAE Environment Minister Dr. Amna Al Shamsi to strengthen collaboration on climate action, biodiversity, and sustainable development, Ministry of Environment, Forest and Climate Change states in a press release. India praised UAE's leadership at COP28 and its Mangrove Alliance for Climate initiative. Both nations plan to boost partnerships in global climate initiatives like ISA, CDRI, and LeadIT, advancing Mission LiFE goals together.Ministry of New & Renewable Energy completes preparatory phase of Special Campaign 5.0The Ministry of New & Renewable Energy (MNRE), along with its CPSUs and autonomous institutes, successfully completed the preparatory phase of Special Campaign 5.0 from September 15-30, 2025, as stated in a Ministry of New and Renewable Energy press release. The campaign aims to institutionalise cleanliness and efficiency in government offices. GPS Renewables names ex-L&T executive as CPOGPS Renewables has appointed Harikrishnan B as its Chief Projects Officer, a critical leadership position as the company expands its portfolio of large-scale biofuel infrastructure projects, it said in a press release.GalaxEye sets 2026 Q1 for multi-sensor satellite launchSpace-tech startup GalaxEye has announced plans for its inaugural 'Mission Drishti' in the first quarter of 2026, to put its first synthetic aperture radar and high-resolution optical payloads on a single platform in space in low Earth orbit.This first satellite is said to be India’s largest privately built spacecraft, weighing 160 kg. It also has the highest-resolution, according to a press release from GalaxEye. This launch initiates a constellation programme comprising 8–12 satellites to be deployed through 2029, aiming for near real-time Earth observation.Mission Drishti utilizes GalaxEye’s proprietary SyncFused Opto-SAR technology. This multi-sensor configuration is designed to provide all-weather, all-time Earth observation data with 1.5-metre spatial resolution. The system, which recently underwent successful structural testing at ISRO, will support governments, defense agencies, and industries with geospatial analysis for applications including border surveillance, disaster management, and infrastructure monitoring.

China tightens rare earth export controlsChina has expanded its restrictions on rare earth exports to safeguard national security and interests. The new rules add five more rare-earth elements to the existing control list, bringing the total to 12, Reuters reports. Export licenses will now be required for the production technologies of these minerals and for their overseas use, including for military and semiconductor applications. This move is seen as Beijing strengthening its leverage in trade talks with the US.China is seeking assurances from India that rare earth magnets supplied by it will only be used locally for civilian purposes, and also that they will not be exported to the US, Economic Times reports.India targets 5MMT annual hydrogen output by 2030India's Petroleum and Natural Gas Minister, Hardeep Singh Puri, said that the country’s “Hydrogen Age has begun,” with a target to produce 5 million metric tonnes of green hydrogen annually by 2030, ET Energyworld reports. This would account for 10% of the global market. A key project is the NTPC Green Hydrogen Hub near Visakhapatnam, which will be one of the country's largest integrated green hydrogen facilities. The government's National Green Hydrogen Mission has an outlay of Rs. 19,744 crore to help achieve these goals.Andhra Pradesh forms hydrogen advisory panelThe Andhra Pradesh government has formed a high-level advisory committee to promote the green hydrogen initiative 'Green Hydrogen Valley – Amaravati,' The Hindu reports. The panel, co-chaired by Dr. V.K. Saraswat and Chief Secretary K. Vijayanand, will guide the state's efforts in technology adoption, research, and infrastructure development. The goal is to make Andhra Pradesh India's largest green hydrogen hub by 2030, contributing to the country's sustainable hydrogen economy.Tokamak Energy and Gauss Fusion partner to advance fusionTokamak Energy and Gauss Fusion have announced a strategic collaboration to accelerate the commercialization of fusion technology. The partnership will focus on advancing high temperature superconducting (HTS) magnets. This alliance brings together Tokamak Energy's expertise in HTS technology with Gauss Fusion's leadership in industrializing fusion energy. The companies aim to pool their industrial know-how to accelerate the path to the first generation of European fusion power plants.Aavishkaar Group launches defence and deep-tech fundAavishkaar Group has partnered with Jamwant Ventures to launch the 'Jamwant Ventures Fund 2', India's first veteran-led defence and deep-tech fund. The new fund, targeting a corpus of INR 500 crore, is the first initiative under Aavishkaar's new 'OneAavishkaar' platform. The partnership aims to provide catalytic capital and strategic mentorship to indigenous startups, empowering them to drive innovation for national security.Newtral raises funds for global expansionNewtral Technologies, a climate-tech startup in Bengaluru, has raised $600,000 in funding from NOW Accelerate, Indian Startup Times reports. The capital will help Newtral expand its sustainability platform and prepare for a Series A funding round. As part of the partnership, NOW will provide venture-building resources and expertise to help Newtral scale its platform, which helps businesses measure, report, and reduce their emissions.Also listen to:India Tech Report: In ConversationSubscribe to my posts:indiatechreport.in

ABB sells robotics unit to SoftBank for $5.375 billionABB has announced it will divest its Robotics division to SoftBank Group for $5.375 billion, a decision made as an alternative to spinning off the business, the company said in a press release. The move is expected to create immediate value for ABB shareholders and use the proceeds to improve its capital allocation. The transaction is expected to close in mid-to-late 2026.Honeywell and LS Electric partner to innovate data center solutionsHoneywell and LS Electric have announced a global partnership to develop and market hardware and software for data centers and battery energy storage systems, the companies said in a press release. The collaboration will create integrated power solutions to simplify management and improve efficiency, helping data centers avoid costly downtime. They will also create a new grid and building-aware battery energy storage system.Space Ocean signs deal to explore nuclear power for deep spaceSpace Ocean Corp and Space Nuclear Power Corporation have signed a Letter of Intent to explore using advanced nuclear power systems for deep space missions, the companies said in a press release. The collaboration will test a 10-kilowatt nuclear reactor on Space Ocean's ALV-N satellite. If successful, Space Nukes could become a primary supplier for Space Ocean's future lunar and planetary missions.India's space economy projected to reach $44 billion by 2033India's space economy is projected to reach $44 billion by 2033, up from $8.4 billion in 2022, according to Union Minister Dr. Jitendra Singh, addressing the “Satcom” at the India Mobile Congress 2025, according to a press release from the department of space. Regulatory reforms and private sector participation have driven this growth, leading to over 300 space startups.The Minister noted that satellite communication will be critical for digital connectivity and financial inclusion in rural areas. India has commercially launched 433 foreign satellites, generating substantial revenue. The long-term roadmap includes establishing the Bharatiya Antariksh Station by 2035 and landing an Indian astronaut on the Moon by 2040.Theia Ventures secures funding to boost India's clean energy transitionTheia Ventures has announced the first close of its new $30 million fund, with British International Investment as the anchor investor, the VC firm announced in a post yesterday. The fund will support around 20 early-stage Indian startups focused on decarbonizing sectors like heavy industry and mobility. The firm, which has already begun deploying capital, will invest between $500,000 and $1 million per company.Also listen to:India Tech Report: In ConversationSubscribe to my posts:indiatechreport.in

Quantum Computing Inc. secures $750 million in private placementQuantum Computing Inc. (QCi), an integrated photonics and quantum optics company, has successfully closed an oversubscribed private placement, raising $750 million, according to a press release carried by Quantum Insider. The company will use the proceeds to commercialise its technology, fund strategic acquisitions, expand production, and for other corporate purposes.55 North launches world's largest dedicated quantum fund55 North, a new Copenhagen-based venture capital firm, has announced the first close of its inaugural quantum technology fund, raising €134 million. The fund, which aims for a total of €300 million, is backed by Novo Holdings and EIFO. Owlstone Medical receives up to $49.1 million for at-home cancer testsOwlstone Medical has been awarded up to $49.1 million by the US Advanced Research Projects Agency for Health (ARPA-H), the Cambridge, UK company said in a press release. The funding will support the development of at-home multi-cancer early detection tests using breath and urine samples, aiming to detect over 30 types of solid tumors at Stage I. The project, part of the POSEIDON program, is a collaboration with multiple partners including MIT and Boston University.Energy Robotics secures $13.5 million to scale operationsEnergy Robotics, a Germany-based AI software platform provider for autonomous robot inspections, has raised a successful $13.5 million Series-A funding round, the company said in a press release. The investment will be used to accelerate the commercial deployment of its software in critical infrastructure sectors, addressing challenges like a shrinking skilled workforce and aging equipment, while improving safety and efficiency.Australian researchers set solar cell efficiency recordA University of Sydney-led team has set a new global record for large triple-junction solar cell efficiency, Bioengineer reports. A 16 cm² perovskite-based cell achieved a certified 23.3% efficiency, while a smaller cell reached 27.06% and demonstrated superior thermal stability. The breakthrough, published in Nature Nanotechnology, is a key step towards next-generation solar technology.IIT Madras launches national employability programThe Indian Institute of Technology Madras (IIT Madras) has introduced the National Internship, Placement Training, and Assessment (NIPTA) programme, the institute said in a post. QWR and Kaynes partner to build India's first XR manufacturing hubQWR Interactive Solutions and Kaynes Technology India have partnered to create India's first integrated hub for manufacturing Extended Reality (XR) devices, Analytics India Magazine reports. The collaboration will focus on designing and producing augmented and virtual reality headsets and smart glasses, with the goal of reducing import dependency by up to 50% and creating over 1,000 skilled jobs.Indian electronics manufacturers expected to report strong growthIndian electronics manufacturing services (EMS) companies are poised for strong Q2FY26 growth, with Kaynes, Syrma, and AVAL leading the way, analysts at PL Capital said in an earnings preview report for the fiscal second quarter or the July - September period. The report predicts a rise in profitability, driven by a strategic shift towards high-margin sectors.Morphing Machines raises Rs. 38.36 crore in Series A fundingMorphing Machines, a Bengaluru-based fabless semiconductor company, has raised Rs. 38.36 crore ($4.32 million) in a Series A funding round, according to multiple news reports. The round was led by IAN Alpha Fund, with participation from Speciale Invest, IvyCap Ventures, and Navam Capital. The funds will be used to build and test the company's first chip, expand its team, and begin pilot projects with data center customers.Also listen to: India Tech Report: In ConversationSubscribe to my posts: indiatechreport.in

Minister Dr. Jitendra Singh launches Emerging Science, Technology & Innovation ConclaveUnion Minister Dr. Jitendra Singh launched a curtain-raiser for the Emerging Science, Technology & Innovation Conclave (ESTIC-2025), according to a ministry press release yesterday. The three-day conclave to be held in Delhi starting Nov. 3, will focus on what are now called ‘frontier technologies’ including semiconductors, AI, quantum computing, biotech, space, and clean energy. It is designed to be a platform for young innovators, startups, and researchers to showcase their solutions and connect with industry leaders.DPIIT and Thermo Fisher Scientific to support 500 biotech startupsIndia’s Department for Promotion of Industry and Internal Trade (DPIIT) has partnered Thermo Fisher Scientific to launch the BioVerse Challenge, a national programme aimed at supporting 500 biotech startups in India over the next three years, according to a press release from the commerce ministry. The collaboration will provide mentorship, access to advanced R&D facilities, and investor connections. This initiative is a key step towards achieving India's vision of building a $300 billion bioeconomy by 2030.Eli Lilly to invest over $1 billion in India manufacturing expansionUS pharmaceutical company Eli Lilly will invest more than $1 billion to expand its manufacturing and supply capabilities in India, Reuters reports. The investment includes new contract manufacturing facilities and a new manufacturing and quality hub in Hyderabad. The company's goal is to strengthen its global supply chain and leverage India's skilled workforce to increase the availability of key medicines for conditions such as diabetes, obesity, and cancer.RoosterBio and Secretome Therapeutics complete large-scale production for clinical cell therapyRoosterBio and Secretome Therapeutics have successfully completed large-scale bioreactor production of STM-01, a cell therapy candidate for heart failure currently in clinical trials, the US companies said in a press release.California to create statewide strategy for quantum technologyCalifornia has enacted a new law, Assembly Bill 940, to establish a statewide strategy for the quantum technology sector, Quantum Insider reports. Led by the Governor's Office of Business and Economic Development (GO-Biz), the plan aims to attract investment, foster job growth, and coordinate public-private partnerships. The initiative, backed by $4 million in state funding for research, seeks to translate the state's academic research into commercial applications, ensuring California's global competitiveness in this transformative field.Firefly Aerospace acquires SciTec in $855 million dealFirefly Aerospace has acquired SciTec, a national security technology firm, for $855 million to enhance its space services, the two US companies said in a press release. SciTec’s defense software analytics and capabilities in missile warning, tracking, and intelligence will bolster Firefly’s offerings in the growing military-space sector. SciTec will operate as a unit of Firefly, which is now poised to strengthen its position as a major space technology provider, known for its small- to medium-lift launch vehicles, lunar landers, and orbital vehicles.Einride raises $100 million for autonomous freight deploymentsEinride, a startup in Sweden specializing in autonomous and electric freight technology, has secured $100 million in new funding, the company said in a press release. The capital will be used to accelerate the deployment of its self-driving trucks, advance its technology, and expand its customer base. The funding follows a year of significant growth for the company, including a doubling of its net sales and expansion into new markets.Also listen to:India Tech Report: In ConversationSubscribe to my posts:indiatechreport.in

Climate change is disrupting global wind patternsClimate change is disrupting global wind patterns, which is intensifying sand and dust storms, wildfires, and extreme weather events, Mongabay reports. This poses a growing threat to human and planetary health, with sand and dust storms affecting 330 million people annually. Conversely, some regions are experiencing "wind droughts," which can concentrate pollutants and impact renewable energy.Serena closes $215M AI and climate tech fundParis-based venture capital firm Serena has closed the first part of its fourth flagship fund at €200 million, ESG News reports. The fund will invest in early-stage startups focused on artificial intelligence and climate technology, with up to €15 million per company. Notable previous investments include Dataiku and Electra. The firm aims for a final target of €250 million by 2026.OpusFlow secures €3.8M for renewable energy automationOpusFlow, a European startup, has raised €3.8 million in an oversubscribed funding round, Tech Funding News reports. The company's all-in-one platform automates renewable energy installations and aims to reduce administration time by up to 80%. The new capital will be used for European expansion, including the UK, Germany, and Spain.IGRPL secures largest single-bank funding for biofuelsIndianOil and GPS Renewables joint venture, IGRPL, has secured a $95 million loan from Indian Bank, the company said in a press release last week. The funding, the largest single-bank debt for the sector, will be used to build nine compressed biogas plants. These plants will convert agricultural waste, like paddy straw, into biofuel, with all projects expected to be completed in 2026.Tata Chemicals and TERI launch biochemicals centreTata Chemicals and The Energy and Resources Institute (TERI) have launched a Centre of Excellence on Biochemicals in New Delhi, according to a press release. The center will develop technologies for sustainable biochemicals from renewable feedstocks. Its initial focus is on producing 2,3-Butanediol, a chemical used in plastics, pharmaceuticals, and bio-jet fuel. The facility is equipped with state-of-the-art bioreactors to help bridge the gap between lab-scale innovation and commercial production.Boson Whitewater wins award for wastewater treatmentBoson Whitewater, a water utility company, has won an award for Excellence in Wastewater Treatment and Reuse at the FICCI-ISC Sanitation Awards. Supported by the Ministry of Housing and Urban Affairs and the Ministry of Jal Shakti, the company was recognized for its advanced 11-step filtration process that converts treated sewage into drinking water. The award is expected to help the company expand its operations across India.SusVentures, PIEDS launch climate tech residency programmeSusMafia and the Pilani Innovation & Entrepreneurship Development Society (PIEDS) have launched the SusVentures Climate Residency Programme, a one-month in-person programme in Bangalore, according to a post by SusVentures. The programme offers founders at the earliest stage of their climate tech journey mentorship, business insights, and networking opportunities. It also provides a practical action plan and Rs. 15-20 lakhs in grant support to help founders validate their ideas and build a proof of concept. The last date to apply is this week Friday, Oct. 10.Also listen to:India Tech Report: In ConversationSubscribe to my posts atindiatechreport.in

India plans 20-year tax exemption, GST credits to boost data centresThe Indian government may grant a 20-year tax exemption and GST credits to supercharge investment in domestic data centres, Moneycontrol reports. This policy aims to attract global hyperscale players, cut costs, and accelerate infrastructure for digital services, cloud computing, and AI. The move could transform India's data centre landscape with incentives for long-term growth and sustainabilityTata Technologies acquires Germany’s ESTEC for ₹750 crore to expand in EuropeTata Technologies has acquired German company ESTEC for ₹750 crore, enhancing its capabilities in advanced driver assistance systems (ADAS) and comfort electronics, Economic Times reports. The deal supports Tata Tech’s European growth strategy, strengthens its joint venture with BMW, and will immediately boost profitability. The acquisition comes without headcount cuts, with team expansions planned in Germany, Morocco, and India.Indian scientists create foldable, eco-friendly aluminum battery for future devicesResearchers at CeNS and IISc Bengaluru have developed a flexible, safe, and eco-friendly battery using aluminum and a water-based solution to replace lithium-ion batteries, according to a press release. Their innovation features a copper hexacyanoferrate cathode and molybdenum trioxide anode, delivering stable performance even while bent. The battery maintains over 96 percent power after 150 cycles and promises safer smartphones, EVs, and smart wearables.QuiX Quantum raises €15m to build Europe's first universal quantum computerQuiX Quantum, based in the Netherlands, secured €15 million in Series A funding to deliver its first-generation universal photonic quantum computer in 2026, Oost NLreports. Their system promises room-temperature scalability and enhanced capabilities for sectors like healthcare, IT, and advanced manufacturing. The funding strengthens Europe’s quantum tech ecosystem and aims for fault-tolerant quantum computing breakthroughs.NUS Enterprise launches new VC partnerships and Stanford tie-up to boost startupsNUS Enterprise has expanded its venture capital programme with two new co-investment partnerships totalling S$20 million, and began a S$2 million pilot collaboration with Stanford University, Business Times reports. The initiatives aim to connect NUS spin-off startups to global investment, reinvest profits in education, and strengthen deep-tech innovation. Students will gain hands-on experience tackling industry challenges with world-leading mentors.Stargate Hydrogen, RDI sign MoU to boost Saudi green hydrogen innovationStargate Hydrogen, in Estonia, has signed a Memorandum of Understanding with Saudi Arabia’s Research, Development, and Innovation Authority to accelerate green hydrogen innovation in the Kingdom, Hydrogen Central reports. The agreement includes setting up Stargate’s regional headquarters in Riyadh, collaborating with Saudi academic and manufacturing partners, and advancing local technology transfer, all supporting Saudi Vision 2030 and deep-tech sustainability goals.CerraCap Ventures invests in Enginius.ai to advance secure AI for engineeringCerraCap Ventures has backed Enginius.ai, an AI platform delivering bespoke solutions for regulated industries like aerospace and pharma, the firm said in a press release. Enginius integrates large language models with enterprise-grade security and specialized assistants for technical search, documentation, review, and simulation. The tools accelerate engineering workflow while ensuring compliance, accuracy and data security, supporting complex product development across sectors.Cailabs secures €57m to scale photonics, ramp up ground station outputFrench photonics startup Cailabs has raised €57 million in a funding round led by the European Investment Bank and top European investors to accelerate industrial scale-up, Silicon Canals reports. The investment will help produce up to 50 optical ground stations annually by 2027, expand international operations, and advance next-gen laser communications for space, defense, and commercial networks.Byome Labs raises €3.6M for instant microbiome-based skincare solutionsByome Labs, a French deep-tech startup, has raised €3.6 million to industrialize production of its Byome Derma kits, enabling instant, point-of-sale skin microbiome testing for personalized recommendations, Silicon Canals reports. The technology offers AI-powered suggestions using antigenic strips and will be integrated as a white-label solution for brands, with international rollout planned for 2026 and expanded R&D hiring.Supercritical names ex-BP executive Siobhan Clarke as chair to drive green hydrogenSupercritical, a UK-based innovator in high-pressure electrolyser technology for green hydrogen, has appointed Siobhan Clarke, former BP and Cisco executive, as Chair to lead its next growth phase, Fuel Cells Works reports. Clarke’s leadership comes as Supercritical prepares for a major pilot in 2027, targeting scalable, cost-effective hydrogen production for industry decarbonization.Menlo Ventures promotes Deedy Das to partner after AI investing successesMenlo Ventures has promoted Deedy Das to Partner, recognizing his achievements in launching the $100M Anthology Fund with Anthropic and driving early-stage AI investments like Goodfire and OpenRouter, the VC firm, famous for its exits from Uber, Siri and Tumblr, said in a post on its website. Das, with prior roles at Facebook, Google, and Glean, is known for technical depth and influence in the AI community, co-authoring key LLM market analysis and gaining wide following among founders and engineers.OpenAI chair Bret Taylor says AI is a bubble, but predicts lasting valueOpenAI board chair Bret Taylor, echoing CEO Sam Altman, believes the industry is in an AI bubble where many will lose money, similar to the dot-com era, TechCrunch reports. However, Taylor insists AI will transform the ...

Union Minister Gadkari unveils roadmap for sustainable transport at SIAM meetUnion Minister for Road Transport and Highways Nitin Gadkari set out India’s sustainable transport vision at the 65th annual convention of the Society of Indian Automobile Manufacturers, stressing global alignment on BS7 (Bharat Stage 7) and CAFE (corporate average fuel efficiency) norms to cut air pollution, according to a press release from the transport ministry. He highlighted biofuel adoption, the vehicle scrappage policy, and plans to lower logistics costs, while announcing rewards and insurance for road accident helpers to improve road safety and industry sustainability. Coal ministry spotlights gasification for India’s clean energy futureThe Ministry of Coal hosted a Mumbai roadshow on coal gasification, highlighting its role in India’s energy transition and industrial growth, according to a press release from the ministry. Officials stressed using coal gasification—including underground technologies—to create clean energy, chemicals, and hydrogen, while reducing imports and boosting economic self-reliance. The government is scaling R&D, innovation, and private partnerships to ensure safe, sustainable deployment of gasification projects nationwide. IIT Madras start-up deploys cleaner, cost-saving wastewater techJSP Enviro, incubated at IIT Madras, has launched and field-proven its BEADS wastewater treatment system in industries in Tamil Nadu, according to a press release from the Press Information Bureau. The technology, which operates anaerobically without electricity or chemicals, reduces sludge and recovers energy. Each 100m³/day installation avoids 80 tons of CO₂ annually, promising ROI in 3–4 years. JSP Enviro aims to scale nationwide, unlocking climate and financial gains for manufacturers. Bartronics India enters climate tech with carbon credit pushBartronics India has partnered RenewCred, a climate-tech start-up, to launch blockchain-based carbon credit solutions for Indian farmers, according to a press release. The collaboration will enable over 40 million rural farmers to earn revenue by adopting sustainable practices, verified via drones and blockchain. The move marks Bartronics’ pivot from rural fintech to agri- and climate-tech, aiming to boost rural incomes and climate action. IFC boosts responsAbility Asia climate tech fund past $400MUK money manager M&G’s responsAbility Investments has raised more than $414 million for its Asia Climate Strategy, following a $50 million IFC investment, ESG Today reports. The fund targets renewable energy, battery storage, e-mobility, and circular economy, aiming to cut 16 million tons of CO₂. With completion near its $500 million goal, it mobilizes capital for Asia’s energy transition and offers diversification for institutional investors. Vireo Ventures closes €50M fund to back Europe’s clean electrificationBerlin-based Vireo Ventures has closed its €50 million Electrification Fund I to support early-stage startups in Europe’s energy transition, Tech Funding News reports. The fund targets pre-seed to Series A companies advancing grid electrification, storage, and decarbonization. Investors range from pension funds to corporates, and the portfolio includes innovators in energy management, storage, and e-mobility—boosting the region’s path to net zero. Solenery raises $750K to scale AI-powered clean energy platformToronto-based Solenery raised $750,000 in pre-seed funding to expand its AI platform, which streamlines clean energy adoption for Canadian homeowners and businesses, Clean Energy reports. Solenery delivers local feasibility, savings, and incentives by postal code, connecting users to vetted installers and rebates. The company aims to accelerate Canada’s net-zero transition by making solar and clean tech adoption more accessible and frictionless. UNICEF backs climate tech to protect world’s most vulnerableUNICEF is investing in frontier climate tech solutions, focusing on open-source and local innovations that protect children from climate change impacts like extreme heat and pollution, the UN children’s unit said in a recent post. Its Venture Fund supports early-stage startups using AI, data, and digital tools for health and resilience, aiming for scalable, equitable impact in emerging markets. The initiative also shapes global digital policy on child-centered climate action. Amazon picks 11 climate tech startups for its 2025 net zeroAmazon has invited 11 new start-ups and scale-ups to join the second edition of the ClimateTech cohort of the Amazon Sustainability Accelerator, a programme designed to accelerate the development of climate breakthrough technologies, the company said in a post last week. The four-week programme combines expert-led workshops, mentoring sessions, and leadership panels. It also gives some participating companies the opportunity to run a pilot with Amazon’s European operations. Selected from more than 550 applications, these innovative companies address three crucial environmental challenges: energy efficiency, waste reduction, and water management. The selected startups are:Mhor Energy (UK): Flow batteries storing energy in liquid for long-term, high-temperature use.Cartesian (Norway): State-changing thermal batteries storing and releasing energy for grid management.Over Easy Solar (Norway): Lightweight, upright solar panels for buildings unable to use conventional panels.Active Surfaces (US): Ultra-thin, flexible perovskite solar sheets for quick, material-efficient installations.Omniflow (Portugal): Hybrid wind-solar streetlights saving 90% energy, supporting smart city features.Blue Frontier (US): Air conditioners using liquid desiccant to cut energy use by up to 90%.Shayp (Belgium): AI water monitoring solution to reduce leaks and cut consumption in buildings.Solaq (Netherlands): Shipping container-based systems converting atmospheric moisture into drinking water.NANDO (Italy): Smart waste monitori...

Quantum reference hub launched in AmaravatiThe Andhra Pradesh government inaugurated what is said to be India’s first Quantum Reference Facility in Amaravati, backed by Rs 40 crore and support from the National Quantum Mission, Dev Discourse reports. The project focuses on testing, benchmarking, and characterizing quantum hardware, with strategic partnerships from IBM and TCS. This move aims to turn Amaravati into a global quantum innovation hub, accelerating India's quantum computer manufacturing ecosystem and reducing import dependency. Ascent launches advanced PCB manufacturing hub in HosurAscent Circuits, which is part of Gurugram-based Amber Group, is establishing a PCB manufacturing facility in Hosur, Tamil Nadu, with a Rs 1,100 crore investment, the company said in a press release. The greenfield project is the first PCB facility acknowledged under the Electronics Components Manufacturing Scheme. Specializing in complex multilayer and HDI PCBs for telecom, automotive, and aerospace sectors, it will produce 1 million square meters annually, supporting the Atmanirbhar Bharat vision and reducing import dependency. IIT Madras expands free 'AI for All' courses to K-12 teachers nationwideIIT Madras has expanded its ‘AI for All’ initiative, offering six free online courses via SWAYAM Plus to school teachers nationwide, including a new ‘AI for Educators’ course for K-12, according to a post on the institute’s website. Designed for all disciplines, these courses require no coding experience and promote AI literacy, employability, and inclusive teaching. Registration is open until October 10, with certification available for a nominal fee. Robotics tech market size to surge with AI and healthcare pushThe global market for robotics technology will grow 4X from about $95 billion in 2024 to $376 billion by 2034, driven by automation, AI, cobots, and healthcare innovations, Precedence Research projects, according to a press release. Asia Pacific leads the sector, while Europe is set for fastest growth. Cobots and healthcare applications are expanding rapidly, supported by Industry 4.0, e-commerce logistics, and robotics-as-a-service model. Sustainability and IoT/cloud integration are major industry trends. SpeedBot Robotics raises $14m for smart factory visionSpeedBot Robotics has raised $14 million in Series B+ funding aimed at expanding its industrial machine vision offerings, IMV Europe reports. The funding will support development in automated inspection and measurement technologies, crucial for improving efficiency and quality in smart manufacturing. This growth positions SpeedBot to drive innovation in robotics, AI, and automation for the industrial sector. Caeli secures ESA funding for climate techCaeli, an Amsterdam based startup, has received funding from the European Space Agency to expand its use of space-derived data and technology, named Carbon Eye, for climate resilience and environmental innovation, CoinTurk Finance reports. The funding will help accelerate the company’s product development and scale impact in climate monitoring, supporting its mission to deliver advanced data-driven solutions for a sustainable future. Crion Technologies raises ₹3.5 crore for digital twinCrion Technologies, a startup incubated at the IIT Madras Research Park, has raised ₹3.5 crore funding from SIG Tattva, boosting its flagship Clonos digital twin platform, Indian Startup Times reports. Founded in 2016, Crion specializes in AI, IoT, AR/VR, and cloud tech for industrial asset simulation and monitoring. The investment helps scale Crion’s enterprise partnerships and product deployment, while supporting SIG Tattva’s Pilot Before Pitch program for early-stage deep-tech startups. Edinburgh regional deep tech supercluster programme launchedA regional deep tech supercluster programme was launched in Edinburgh, designed to unite industry, academia, and government to foster cutting-edge R&D, boost investment, and create high-impact jobs, Digit reports. This is part of a wider deep tech initiative in Scotland, according to the report. By providing funding, networking, and infrastructure, the programme will help scale regional startups, encourage collaboration, and strengthen the deep tech ecosystem for global competitiveness. India targets domestic solar cell manufacturing by 2028Union Minister Pralhad Joshi announced yesterday India’s plan to build a complete domestic solar value chain by 2028, advancing beyond modules to wafer and ingot production, according to a press release from the ministry of new and renewable energy. Schemes like PM Surya Ghar and PM-KUSUM help drive renewable deployment, with 251.5 GW of non-fossil capacity already installed. The PLI scheme and GST cuts further spur manufacturing, jobs, and sustainability in the renewable energy sector. India launches ₹100 crore scheme to boost hydrogen innovationMinister Joshi also announced new funding of ₹100 crore to support start-ups focused on hydrogen technology, offering up to ₹5 crore per pilot project, according to a press release. The conference highlighted India's rapid progress under the National Green Hydrogen Mission, including port-based pilots, major corporate investments, and international collaborations. By 2030, India targets five million metric tonnes of green hydrogen production, 125 GW new renewable capacity, massive CO₂ reduction, and six lakh new jobs. Also listen to India Tech Report: In Conversation Subscribe to my posts at India Tech Report