Private Equity PE-VC Fund Investments
Rechargeable battery maker Sthyr Energy raises $1-M led by Speciale Invest
Source Sthyr Energy (opens in a new tab)Business Line (opens in a new tab)
Chennai-based Sthyr Energy has raised USD 1 million in a round led by Speciale Invest. The round also saw participation from Antares Ventures.The new funds will be used to expand the firm’s R&D efforts, build pilot systems and engage with grid-scale energy and industrial partners.Founded in 2024 by Gunjan Kapadia, Akhil Kongara and Muhammed Hamdan, Sthyr Energy develops mechanically rechargeable Zinc-Air batteries designed for seasonal energy storage and fossil-free peaker plant replacement.