Packing batteries with more punch
Indian researchers are working on cells that can store more energy, last longer
Chennai-based KritiLabs Technologies Pvt Ltd, which is a remote asset management IoT start-up, has raised an undisclosed amount in a pre-Series A round led by Pontaq, a cross-border innovation fund that invests in early-stage technology businesses in the UK, India, the US and Canada.
According to the company, it will use the money to increase the market adoption of ALS (Advanced Learning Solution), its patented, Made-in-India IoT platform for remote asset management. ALS helps secure transportation of high value cargo, asset tracking, process and compliance requirements and productivity improvements in industries such as oil and gas, dairy, jewellery, minerals and chemicals, and financial services.
A company release quoted Srikrishna Varadharajan, Co-founder, KritLabs, as saying that KritiLabs was at an inflection point and was poised to expand to over 120 cities in India and across the globe in the next 12 months with over $72 billion of assets managed annually.
LN Rajaram, Co-founder, said KritiLabs had employed more than 200 graduates and engineers this year and hoped to employ more than 1,000 in the next one year.
Prem Barthasarathy, Managing Partner, Pontaq, said KritiLabs exhibited a combination of domain expertise, unique technology and high entrepreneurial energy to address a massive global problem. They were seeing a strong pull for such a solution from some of the markets Pontaq operated in.
Indian researchers are working on cells that can store more energy, last longer
To fix a broken bone, doctors often harvest another bone from the patient’s body or from someone else. It ...
Superconductors from IIScScientists at IISc Bangalore have invented a device with a nanocrystal structure ...
Engineering and construction giant L&T has won a licence from the Council of Scientific & Industrial ...
Ensure that the investment thesis based on which you bought the IPO still holds good
Digital money-lending platforms may be hassle-free and convenient, but look before you leap
Both the Nifty 50 and the Sensex continue to record new highs, but stay alert
Care Health Insurance’s new rider offers no great benefit. We review its pros and cons
India is ready with two vaccines to beat the deadliest virus of recent times. The immunisation drive, however, ...
Legal and regulatory uncertainties hang like a sword on an industry which earned ₹2,470 crore revenues in the ...
Sopan Deb’s journey towards personal catharsis is perhaps the most honest and straightforward look a man can ...
A crackling fire, a tusker and a family scandal bring together a group of fellow travellers in Kerala
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor