SustVest, a platform for renewable energy investments, has raised $1.7 million in a pre-Series A funding round. The round included both equity and debt, led by Inflection Point Ventures and Antler, with contributions from WEH Ventures, Venture Catalysts, Soonicorn Ventures, and FAAD Network.
SustVest plans to use the funding to:
Founded by Hardik Bhatia and Devansh Shah, SustVest allows investors to support renewable energy while earning fixed returns. So far, the company has achieved:
SustVest works with well-known names like Lodha Group, Hitachi, Mahle Group, and organizations such as CISF, NSG, and CRPF.
Mindgrove Technologies, a semiconductor design startup, has secured $8 million in Series A funding. The round was co-led by Rocketship.vc and Speciale Invest, with participation from Mela Ventures, Peak XV Partners, and others.
The company will use the funds to:
Founded in 2021 by Sharan Jagathrakshakan and T.R. Shashwath, Mindgrove is supported by the IIT Madras Incubation Cell and IITM Pravartak Technologies Foundation.
Mindgrove has developed “Secure IoT,” a high-performance microcontroller chip for smart devices like watches and PoS machines. Its next product, “Vision SoC,” will focus on edge computing for devices like CCTV cameras and smart TVs.
The company received Rs 15 crore from India’s Semiconductor Design Linked Incentive (DLI) scheme to fund Vision SoC development.
SustVest and Mindgrove Technologies are creating significant change in their industries. SustVest promotes renewable energy investments, while Mindgrove leads semiconductor innovation. Both companies are helping build a more sustainable and tech-driven future.