SanchiConnect’s PreSeed Accelerator announces Preseed Funding and Market Access Support to 6 Green Mobility Innovation
New Delhi 23rd August 2023 – SanchiConnect, a community focused on deep-tech start-ups, investors, and corporations unveiled its PreSeed Accelerator’s latest milestone in driving innovation and sustainability. Six exceptional startups have been selected for acceleration and capital infusion of INR 75 Lac, coupled with 100 days of focused market access support, through the pioneering PreSeed Accelerator program. This initiative is set to catapult the development of innovative solutions in the realm of green mobility.
The program received 552 applications from all over the country of which 6 startups after 75 days of intense screening and diligence were picked for investments. The selected cohort startups include EVhicle, Simactricals, Dockervision, Swappdesign, PerUse and The Energy Company.
“India stands on the cusp of a revolution in the field of sustainable mobility, and our partnership with Sanchi Connect for the Green Mobility Accelerator program serves as an exceptional platform to gain access to the entire Indian Mobility landscape along with providing a comprehensive pipeline of ongoing developments across the ecosystem, as we see great potential in these new age tech companies” said Karan Mittal, Partner, Ev2 Ventures
Addison Appu, ThinKuvate VP Investments said he and the team is excited to participate in this unique program and believes that “EV sector is going to witness unprecedented growth in the coming years, Be it battery tech, charging tech or EV financing, all the sub sectors present plethora of opportunities where we will see new unicorns emerging”.
The PreSeed Accelerator with cohort 1 as “Green Mobility,” is a testament to SanchiConnect’s unwavering commitment to fostering entrepreneurial talent and propelling innovation. With the backing of leading micro VC partners Ev2 ventures, Sea Fund, and ThinKuvate, the selected startups will benefit from not only substantial funding but also unparalleled mentorship and strategic guidance. The accelerator was launched in partnership with Yamaha Motors Solutions India, Desai & Diwanji law firm, and IDFC First Bank.
Speaking on the Preseed Funding Mayuresh Raut, Managing Partner at Seafund said “We are extremely bullish about the 6 startups that we are backing in this program. It’s a great representation of Indian entrepreneurs using their domain understanding and technical skills to solve India specific problems in Mobility that is going to change the face of this industry in the coming days.”
“Today, we mark a pivotal moment in our mission to champion innovations in deep and emerging tech,” said Dr. Sunil Shekhawat, CEO of SanchiConnect. “Our PreSeed Accelerator program, in partnership with esteemed micro VCs and industry majors is poised to empower these startups to redefine the future of green mobility.”
SanchiConnect itself is fortified by the formidable backing of the management of BaringIndia PE fund and IP Ventures, further solidifying the program’s foundation. This strategic collaboration reflects a shared vision to foster an ecosystem where groundbreaking ideas can thrive, ultimately contributing to a more sustainable and vibrant future.
In line with its commitment to addressing pressing global challenges, Dr. Sunil Shekhawat announced the imminent launch of the next PreSeed Accelerator cohort, which will centre around climate technology and sustainability. This announcement underscores SanchiConnect’s dedication to being a driving force in advancing solutions that hold the potential to reshape industries and positively impact the world.