Fundz

PointO raises Rs 6.2 crore in a seed round led by Equirus InnovateX Fund

Apr 30, 2024

Amount Raised

₹62 Million

Round Type

Seed

KolkataManufacturingEnergyRenewable Energy

Investors

Equirus Innovate X Fund

Description

Lithium battery startup PointO has raised Rs 6.2 crore in a Seed funding round led by Equirus InnovateX Fund (EIF). The company aims to potentially triple or quadruple e-rickshaw drivers’ take-home income with the introduction of lithium-ion batteries.

Quick answer

PointO raised ₹62 Million in a Seed round, dated April 30, 2024. Investors: Equirus Innovate X Fund. PointO is based in Kolkata, West Bengal, India.

How much did PointO raise?
PointO raised ₹62 Million in a Seed round on April 30, 2024.
Who invested in PointO?
Equirus Innovate X Fund is named as investors in this round.
What does PointO do?
Pointo's mission is to provide a comprehensive EV battery solution with focus on Financial Inclusion and Climate.
Where is PointO based and how big is it?
PointO is based in Kolkata, West Bengal, India. Fundz records about 201 employees.
Who are the decision-makers at PointO?
Fundz holds 1 contact at PointO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as PointO that raised within 45 days of this round, from Fundz verified event records.

  • UNIGRID Battery raised $12M (Series A) on June 13, 2024.
  • Aptera Motors raised $134K (Seed) on June 6, 2024.
  • Soluna Holdings raised $30M (Funding Round) on May 21, 2024.
  • Matel raised $4M (Seed) on May 16, 2024.
  • Piersica raised an undisclosed amount (Grant) on May 13, 2024.
  • Lucid Group raised $1B (Funding Round) on March 25, 2024.

Who to call at PointO, and when

A new round usually means PointO is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day PointO raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at PointO, from your own LinkedIn network

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Company Information

Company

PointO

Location

Kolkata, West Bengal, India

About

Pointo's mission is to provide a comprehensive EV battery solution with focus on Financial Inclusion and Climate. We are currently working on expanding the EV ecosystem through AI/ ML based battery-tech to estimate the life for Lithium Batteries. Using battery-tech, we are able to leverage battery lifecycle over the course of 8-10 years in different use cases to create 2nd hand market and generate better returns. Our unique network of VLE partners help us reach our customers through community connections and create jobs for the underserved segments in the process. This also help us provide best possible solutions to meet their customised needs. With a deep understanding of the EV ecosystem, we are well-positioned to offer extensive solutions that cover the entire value chain.

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