Tech Company Financing Transactions
Viridian Ingni Propulsion Funding Round
Viridian Ingni Propulsion, operating out of Chennai, raised $175 million from Inflection Point Ventures and private investors.
Transaction Overview
Company Name
Announced On
10/30/2026
Transaction Type
Venture Equity
Amount
$175,000,000
Round
Seed
Investors
Inflection Point Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to transition its validated prototypes into pilot production, finance manufacturing tooling, obtain official certifications from ARAI and ICAT, validate motor controller firmware, expand its engineering team, and fulfill working capital requirements for initial customer deliveries.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
RTBI, E-Block, 1st Floor, IITM Research Park, Taramani
Chennai, 600113
India
Chennai, 600113
India
Phone
Undisclosed
Email Address
Overview
VIP Propulsion, an innovative company incubated by the prestigious IITM Incubation Cell in Chennai. At VIP Propulsion, we're at the forefront of revolutionizing the electric motor industry with our commitment to Rare Earth Free and magnet-free technologies. With a keen focus on energy efficiency and sustainability, our localized manufacturing operations align seamlessly with the MAKE IN INDIA campaign, enabling us to tailor solutions for diverse climates and road conditions.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Sriram G
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