Triolt Energy Secures Rs 7.1 Mn In Funding Led By Campus Angels Network

Triolt Energy, a startup incubated at the Indian Institute of Technology (IIT) Madras and specialising in next-generation energy storage solutions, has successfully raised Rs 71 lakh in a funding round led by Campus Angels Network. This investment follows a recent Rs 1.29 crore funding round from Little Angels Network and SIDBI, highlighting the company’s significant growth and innovation in the lithium-ion battery sector.

Chandran Krishnan, Managing Director, Campus Angels Network, said "Triolt Energy's innovative approach, backed by their strong foundation at IIT Madras, aligns perfectly with our investment philosophy. We believe their advanced energy storage solutions will play a crucial role in the future of mobility and renewable energy, and we are excited to support their journey toward transforming the industry."

Founded by IIT Madras alumni Raghu Sripada and Ananya Gangadharan, alongside IISc Bangalore alumnus Rajesh Thomas, Triolt Energy focuses on designing and fabricating advanced lithium-ion cells. Their proprietary technology in electrode material processing and innovative cell designs is aimed at addressing the increasing demands of electric vehicles (EVs) and other key applications, providing solutions that enhance safety, performance, and cost-effectiveness.

The new funding will facilitate Triolt Energy's expansion in production, further technology validation, and initial deployments to select customers. By pioneering next-generation lithium-ion cells, the company aims to improve its proprietary technologies, enabling faster EV adoption, reducing charging times from six hours to just 15 minutes, and extending battery life by 1.5 times. These advancements are set to drive the industry toward more efficient and sustainable energy practices.

Raghu Sripada, Co-founder & Chief Executive Officer, Triolt Energy, stated. "This funding will accelerate our efforts to bring our cutting-edge lithium-ion cells to market. Our incubation at IIT Madras Incubation Cell, along with invaluable mentorship from Ashok Jhunjhunwala, has equipped us to drive innovation in energy storage technology. With this investment, we are well-positioned to address the key challenges of fast charging, high discharge rates, and long cycle life, making EVs more accessible and reliable."