Chennai-based deep tech startup Reneonix has raised Rs 1.7 crore in a pre-seed funding round led by Inflection Point Ventures.
The round also saw participation from the Department of Science and Technology (Government of India), NSRCEL–IIM Bangalore, SustainTN, ITEL Foundation, and other angel investors and grant bodies.
The proceeds will be used towards research and development, with a focus on hardware innovation and material science to advance its commercial prototypes.
Founded in 2023 by Iwan Richard along with Karthik Sankar, Varun Pandithurai…

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