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Viridian Ingni Propulsion raises Rs 1.47 Cr in pre-seed round led by Inflection Point Ventures. The Chennai-based deeptech startup develops electric propulsion systems for EVs, drones, and industrial machinery.

PRIVATEOct 29, 2026

Amount Raised

₹14.7 Million

Round Type

Pre-Seed

ChennaiManufacturingAutomotive

Investors

Inflection Point Ventures

Description

Viridian Ingni Propulsion, a Chennai-based deeptech startup, has raised Rs 1.47 crore in a pre-seed funding round led by Inflection Point Ventures. The company also received Rs 53.75 lakh in grants from SIPCOT, MeitY Startup Hub, NIDHI PRAYAS, and other institutions. Founded in February 2024, Viridian develops electric propulsion systems including motors and controllers for electric vehicles, drones, and industrial applications. The funds will support manufacturing tooling, pilot production setup, certifications, and hiring as the company moves from prototype validation to production.

Who else raised in Automotive and Manufacturing around the same time

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

  • Lucid Group raised $400M (Debt Financing) on October 9, 2026.
  • SPARETECH raised $20M (Series B) on November 10, 2026.
  • Harbinger raised $240M (Series D) on November 5, 2026.
  • Clinics On Cloud raised $13M (Series A) on November 3, 2026.
  • CapGrid raised $5.3M on October 29, 2026.
  • NOVUS raised an undisclosed amount on October 19, 2026.

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Company Information

Company

Viridian Ingni Propulsion

Location

Chennai, Tamil Nadu, India

About

Viridian Ingni Propulsion is a Chennai-based deeptech startup that develops electric propulsion systems including motors, controllers, and firmware for electric vehicles, drones, robotics, and industrial machinery. Founded in February 2024, the company specializes in rare earth free ferrite PMa-SynRM motors and permanent magnet synchronous motors (PMSM) tailored for specific applications. Incubated at IIT Madras Research Park, the startup has received letters of intent for 350 motors from customers and is currently in the pilot production phase.

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Related People

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Verified contactsSriram, Founder - CEOSee plans and pricing
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Viridian Ingni Propulsion raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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