Viridian Ingni Propulsion Raises Rs 1.47 Crore Led by IPV
Chennai deeptech startup Viridian Ingni Propulsion closes a pre-seed round led by Inflection Point Ventures.
Key Takeaways
- Viridian Ingni Propulsion raised Rs 1.47 crore in a pre-seed round.
- Inflection Point Ventures (IPV) led the round.
- The company also received Rs 53.75 lakh in grants.
- It holds letters of intent for 350 motors from two customers.
- The company is pre-revenue and has a five-member team.
Viridian Ingni Propulsion, a Chennai-based deeptech startup that builds electric motors, controllers and firmware, has raised Rs 1.47 crore in a pre-seed round led by Inflection Point Ventures (IPV). The round was announced on 29 October 2026.
The company has also received Rs 53.75 lakh in grants from SIPCOT, MeitY Startup Hub, NIDHI PRAYAS, the IIT Madras Research Park's RTBI programme and Cummins CSR. It is pre-revenue and has a five-member team.
Viridian Ingni Propulsion funding at a glance
| Detail | Viridian Ingni Propulsion |
|---|---|
| Amount | Rs 1.47 crore |
| Round | Pre-seed |
| Lead investor | Inflection Point Ventures (IPV) |
| Grants received | Rs 53.75 lakh |
| Grant providers | SIPCOT, MeitY Startup Hub, NIDHI PRAYAS, IIT Madras Research Park RTBI, Cummins CSR |
| Sector | Deeptech, electric propulsion |
| City | Chennai |
What Viridian Ingni Propulsion does
Viridian Ingni Propulsion develops electric propulsion systems, which include motors, controllers and firmware, for electric vehicles, drones, robotics and industrial machinery. It is incubated at the IIT Madras Research Park.
Its products include ferrite-based PMa-SynRM motors for e-rickshaws, two-wheelers, HVAC systems, compressors and solar pumps. It also makes PMSM motors for drones, collaborative robots, automated guided vehicles and marine uses.
The steps that brought Viridian Ingni Propulsion to its pre-seed round
| When | Milestone |
|---|---|
| February 2024 | The company is founded by Sriram G |
| By October 2026 | Receives Rs 53.75 lakh in grants and letters of intent for 350 motors from two customers, Crop Xplore and Yali Mobility |
| 29 October 2026 | Announces a Rs 1.47 crore pre-seed round led by Inflection Point Ventures |
Sriram G on making Indian-designed propulsion the default choice
"The goal is to make Indian-designed propulsion the default choice for EV, drone and industrial OEMs, not the fallback."
What Viridian Ingni Propulsion says it will do with the money
According to the company, the funds will help it move from validated prototypes to pilot production. It said the money will go towards tooling, a pilot production line, ARAI and ICAT certification, motor controller firmware validation, key engineering and business hires, and working capital for its first customer deliveries.
Where Viridian Ingni Propulsion stands after its pre-seed round
Viridian Ingni Propulsion was founded in February 2024 and is led by founder and CEO Sriram G. It is pre-revenue, has a five-member team and holds letters of intent for 350 motors from Crop Xplore and Yali Mobility. The company said the pre-seed money is meant to take it from prototypes to pilot production.
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Frequently Asked Questions
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