Viridian Ingni Propulsion Secures ₹1.47 Crore Pre-Seed From IPV

31 Oct 2026, 5:29 pm · 1d ago · 1 min read · Indian Startup News

Amount

₹1.47 Cr

Stage

Pre-Seed

Lead

Inflection Point Ventures

Chennai-based deeptech startup Viridian Ingni Propulsion has raised ₹1.47 crore in a pre-seed funding round led by angel investing network Inflection Point Ventures. Incubated at IIT Madras, the startup develops rare earth-free electric vehicle motors designed to eliminate dependence on imported magnetic materials. The newly secured capital will be deployed to transition its proprietary motor technology from the laboratory stage into pilot production and facilitate initial commercial testing. Viridian aims to address critical supply chain vulnerabilities in India's rapidly growing electric mobility sector by offering sustainable, indigenously manufactured propulsion systems for commercial and personal electric vehicle applications.