[Funding alert] Hyderabad-based GODI Energy raises funds from Blue Ashva Capital

▤ Summary

Godi India Pvt Ltd, a Hyderabad-based energy technology startup, has raised an undisclosed amount of funding from Blue Ashva Capital through its Blue Ashva Sampada Fund. He returned to India with a mission to set up the first indigenous Lithium-ion cell Gigafactory. In 2021, the demand for Lithium-ion cells in India stands at 10 GWh, the startup said in a statement. To keep up with this demand, battery packs and EV OEMs are currently importing cells from various countries. GODI Energy aims to commercially manufacture advanced Lithium-ion cells and supercapacitors.

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