India Tech Report: Daily Morning Brief Podcast Por Hari Arakali arte de portada

India Tech Report: Daily Morning Brief

India Tech Report: Daily Morning Brief

De: Hari Arakali
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Daily brief on deep tech and climate tech news from India and around the world, every week day.

www.indiatechreport.inHari Arakali Economía Gestión y Liderazgo Liderazgo Política y Gobierno
Episodios
  • Friday Deep Tech Wrap: Infosys, Tata back Yali’s $104 million deep tech fund, US-India satellite launch, and more

    Friday Deep Tech Wrap: Infosys, Tata back Yali’s $104 million deep tech fund, US-India satellite launch, and more
    Jul 25 2025
    AstraZeneca to build $50 billion US manufacturing facilityAstraZeneca is investing $50 billion in the US by 2030, with its largest drug manufacturing facility to be built in Virginia. This major project will create hundreds of skilled jobs, enhance the domestic supply chain, and leverage AI and automation for pharmaceutical production—focusing on treatments for cancer, respiratory, and rare diseases.LG to ship AI appliance with Furiosa chipsLG AI Research will soon commercialize an 8-chip AI appliance using FuriosaAI’s RNGD chips, following rigorous evaluation. Targeted at enterprise customers using LG’s ExaOne large language model, the system represents a key milestone for FuriosaAI and highlights increasing competition with Nvidia. LG’s adoption signals readiness for enterprise AI and broader applications in industry.Infleqtion to build neutral atom quantum computer in the USInfleqtion, a US startup in Colorado, aims to build the first utility-scale neutral atom quantum computer, backed by a $50 million public-private partnership. The four-year project partners with the Illinois Quantum and Microelectronics Park and National Quantum Algorithms Center, aiming for 100 logical qubits and thousands of atom qubits, positioning Illinois at the forefront of quantum technology.US research team demonstrates modular quantum computer architectureResearchers at the University of Illinois Urbana-Champaign have demonstrated a high-performance modular architecture for superconducting quantum processors. By connecting modules with coaxial cables, they achieved ~99% SWAP gate fidelity, enabling scalable, reconfigurable quantum systems. This modular approach addresses limits of monolithic designs, paving the way for fault-tolerant, large-scale quantum computers by allowing upgrades and hardware flexibility.NASA ISRO satellite to launch July 30 onboard a GSLV-F16 rocketNASA and ISRO will jointly launch the NISAR Earth-observation satellite on July 30 onboard Isro’s GSLV-F16 rocket from the Satish Dhawan Space Centre at Sriharikota. NISAR stands for Nasa Isro synthetic aperture radar. Equipped with dual-frequency synthetic aperture radars, it will provide high-resolution, global data every 12 days to support disaster monitoring and environmental research. This $1.5 billion mission aims to improve early warning for natural disasters and inform scientific understanding worldwide.Inbound Aerospace raises $1 million seed fundingInbound Aerospace, incubated at IIT Madras, has raised $1 million in seed funding led by Speciale Invest and Piper Serica. The startup is developing autonomous, reusable re-entry vehicles for microgravity research and space manufacturing. The funds will accelerate R&D and design milestones, with the first test launch targeted for late 2027 or early 2028.Yali raises ₹893 crore deep tech fund, backed by Infosys, Tata, QualcommOkay so let’s talk about Yali Capital, a deep-tech focused investment firm in Bangalore, founded by Ganapathy Subramaniam, a semiconductor industry veteran and technologist, along with Mathew Cyriac, a well-known figure in the world of finance in India.Karthik Madathil, who is a partner at the firm, and Sunil Patil, CFO, make up the leadership.They’ve just closed their first deep-tech fund at Rs. 893 crore, or about $104 million, well exceeding their original target of ₹500 crores and ₹310 crore greenshoe option.The fund will invest in early stage (Seed, Series A) as well as late stage (Series D and beyond) startups, with a sharp focus on deep tech sectors including semiconductors, AI, robotics, genomics, aerospace/surveillance, and smart manufacturing, according to a press release.“Two-thirds of the fund will be deployed in early-stage deep tech startups. We firmly believe in India’s deep tech potential and are committed to backing visionary founders with patient capital,” Ganapathy Subramaniam, Founding Managing Partner of Yali Capital, adds.Yali operates through a dual structure comprising a SEBI-registered AIF and a GIFT City-based feeder vehicle to attract global investors. The firm has already made five investments, ranging from chip design to AI, and plans to expand its portfolio to eight companies by the end of the year.“Nearly a third of our fund will be invested in late-stage deep tech companies,” Mathew Cyriac, General Partner at Yali Capital, says. “India has a real opportunity to build globally competitive public companies in this space. We are grateful to the global investor community for backing our vision.”Yali’s investor base reflects the growing support for deep tech in India both from domestic LPs and global investors. Corporate investors in the new fund include Infosys, Qualcomm Ventures, and Tata AIG. Funds of Funds include the DPIIT Fund of Funds for Startups (managed by SIDBI), the Self-Reliant India Fund, Evolvence, and Singularity FOF.Well-known industry leaders who’ve invested in the fund include Infosys Co-Founder ...
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    8 m
  • Inside Ati Motors’ vision for industrial robots: Indian engineering for global markets

    Inside Ati Motors’ vision for industrial robots: Indian engineering for global markets
    Jul 23 2025
    Today, I wanted to bring you one story that caught my imagination last week, about how Indian engineering could go global – not just in software, but in areas like robotics.This past Saturday*, I got a chance to attend the annual Products Day at Ati Motors, which as I’ve mentioned in the recent past, is a startup that specialises in autonomous mobile robots for industrial applications. (*I said Friday in the audio podcast. It was Saturday, July 19.) Ati held the event at the Indian Institute of Science’s JN Tata Auditorium. The eight-year-old company was in fact born at the institute and incubated there. Its flagship family of robots, the Sherpa, was on display at the event. Earlier in the day, Ati’s engineers demonstrated how the Sherpa Tug could pull a Mahindra Thar SUV and couple of other cars as well, all tethered one behind another.Full stack, made-in-BengaluruTo illustrate how far Ati has come, Founder and CEO Saurabh Chandra pointed out that this year, the Sherpa AMRs were on track to successfully execute a million autonomous missions per annum. The missions average 95 percent accuracy across challenging industrial environments worldwide.For Chandra, this moment represented an important milestone marking the eight-year journey to prove that sophisticated, world-class robotics technology could emerge from Indian engineering talent and compete successfully in the most demanding global markets.“Today's Ati Motors is the realization of a dream begun eight years ago, to create a truly multi-disciplinary products company that pushes the boundaries of engineering, artificial intelligence, and industrial design,” he said, speaking at the Products Day event.Ati stands out for its full-stack approach — developing every critical component of its AMRs in-house, from navigation algorithms to mechanical design and fleet management software.The company's engineering philosophy centres on solving real-world problems, instead of expecting customers to make significant modifications to their factory or warehouse environments. The Sherpas can function in conditions including uneven floors, outdoor environments, and areas with poor connectivity.“For a customer in Michigan, we operated in them in snow,” CTO Arulselvan tells me in a recent interview.As the operating environments get more challenging, “we like to say bring it on,” Chandra says. This approach has resulted in robots that can handle gradients, potholes, clutter, rain, and dust—conditions where traditional AGVs (automated guided vehicles) typically don’t do well.The technical sophistication of Ati’s products demonstrates Indian engineering capabilities. The company is emerging as a leader in the use of 3D LiDAR-based navigation for industrial robots, enabling them to operate without infrastructure modifications such as magnetic strips or reflective markers. All autonomy processing occurs entirely onboard the robots, eliminating dependency on cloud connectivity or remote human operators.“Our engineering team actually said if you do that, it will be a crutch that we will never get rid of,” Chandra looks back at the early decision to avoid teleoperation, in a recent interview with me. “So let us just not do it at all from the beginning. If it fails, let it be a failure that we need to fix,” rather than there being some human backup system.This engineering discipline has paid dividends. The newly launched Sherpa 10K represents a significant technical achievement, featuring a 4.6-ton towing capacity with advanced sensor fusion combining 3D LiDAR and cameras, in-place turning for tight spaces, and the ability to operate on gradients up to 10 percent. The system integrates with existing enterprise resource planning and warehouse management systems while maintaining compliance with ISO 3691-4 safety standards.“Our journey started with autonomous material movement, but our horizons have grown rapidly. Today, we go beyond movement: we track material, handle it and even transform it, through our AI platform: Ati Verse,” CTO Naveen Arulselvan says.Chandra credits Bengaluru’s multidisciplinary talent pool and manufacturing ecosystem – including the emerging electric vehicle ecosystem in the country – as important factors that support rapid product iteration and real-world feedback. Very few other locations anywhere in the world have this, he says.The city's strong manufacturing industry, though overshadowed by its IT services reputation, provides immediate access to potential customers and an ecosystem of manufacturing expertise.Ati has deployed robots at more than 50 customers globally, including Fortune 500 companies such as Bosch, Forvia, and Hyundai. The company operates in India, the United States, Mexico, Thailand, Singapore, and Vietnam, with plans to expand into Europe and Japan.After raising $20 million in a Series B round in January 2025, led by Walden Catalyst Ventures and NGP Capital, total funding at Ati ...
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    12 m
  • Climate on Monday: Transvolt funded in IFC’s first EV fleet investment, a solar PV efficiency breakthrough, 1.7°C, and more

    Climate on Monday: Transvolt funded in IFC’s first EV fleet investment, a solar PV efficiency breakthrough, 1.7°C, and more
    Jul 21 2025
    India set to mandate climate risk disclosures for banks by 2028India’s central bank, RBI, is finalizing rules to require banks and financial institutions to regularly disclose and manage climate-related financial risks, Reuters reports. The disclosures will be voluntary from fiscal 2027 and mandatory from 2028, covering exposure to climate risks, mitigation strategies, and scenario-based stress testing for extreme weather events. The move aims to boost transparency and align with global climate objectives.Singapore and China deepen cooperation on green financeSingapore and China are advancing joint efforts in sustainable finance, focusing on aligning their green taxonomies and improving cross-border investment, Business Times reports. At their recent Green Finance Taskforce meeting, officials highlighted progress on interoperable standards, deployment of the Multi-Jurisdiction Common Ground Taxonomy, and leveraging technology for emissions monitoring. Initiatives also target green syndicated loans and increased collaboration in green bond issuance, biodiversity finance, and technology-driven solutions.EU regulators propose including ESG risks in finance stress tests EU financial watchdogs propose requiring national regulators to add environmental, social, and governance (ESG) risks to bank and insurance stress tests for more consistent supervision, Green Central Banking reports. The plan emphasizes climate and environmental factors initially, with social and governance risks added gradually. Experts question if current climate stress tests adequately capture financial losses, highlighting the need for actions beyond analysis.European climate funding drops 71% in 2025 as big debt deals vanishClimate tech investment in Europe fell sharply in the first half of 2025, plunging 71 percent year-on-year to €6.2 billion, Sifted reports. This decline follows a surge in 2024 caused by unusually large debt deals, like the €5bn Northvolt round. While late-stage deals disappeared, early-stage investing has stayed steadier. Industry insiders say the market is digesting previous investments and bracing for future opportunities.Airlines warned of legal risks over greenwashing jet fuelAnd UK NGO, Opportunity Green, has warned that airlines risk lawsuits for labelling all alternatives to kerosene as “sustainable” without robust proof, Climate Change News reports. Fraud and greenwashing claims are rising, especially with questionable sustainable aviation fuel supply chains. Regulators have already penalized airlines for misleading environmental claims, urging accurate terminology and transparency on fuel sources and true climate impact.EV giant Rivian to open London hub focused on AI and autonomyAmerican electric vehicle maker Rivian is launching its first UK office in London to tap into the city’s “world-class” AI engineering talent, according to Sifted. The hub will accelerate development of autonomous driving and AI technologies for Rivian’s vehicles. This move signals Rivian’s commitment to advanced vehicle tech and expansion into the European market.Apple to buy $500 million in rare earths from MP MaterialsApple has agreed to purchase $500 million worth of rare earth materials from MP Materials, a Pentagon-supported US producer, TechCrunch reports. The multi-year deal aims to secure key minerals used in iPhones and other devices while reducing reliance on Chinese supply chains. This partnership strengthens US domestic production of critical materials and supports Apple’s commitment to supply chain resilience and sustainability.Microsoft, Vaulted Deep partner to bury biomass waste deepMicrosoft has struck a deal with Vaulted Deep, an Xprize winning startup, to transform biomass waste into long-term carbon storage as part of the cloud giant’s carbon removal efforts, Bioenergy Insight reports. The process involves safely injecting treated agricultural biomass deep underground, locking away carbon for centuries. This partnership advances scalable, verifiable carbon sequestration solutions and highlights increasing corporate investment in novel carbon removal technologies.Transvolt raises $20 million from IFC as part of $50 million roundTransvolt Mobility has raised $20 million from the International Finance Corporation as part of its $50 million financing round to expand its electric vehicle (EV) fleet, according to an IFC press release. This is IFC’s first equity investment in an EV platform in India and globally. It will enable Transvolt to scale its electric fleet portfolio to 3,500 vehicles and create 8,200 jobs in the next five years. It will also support the company’s long-term goal of deploying 8,000 heavy commercial EVs such as buses and trucks across India. Transvolt operates an OEM-agnostic EV platform serving both public and private sectors.Omspace Rocket raises $3 million to advance small satellite launchesAhmedabad-based space-tech startup Omspace Rocket & Exploration Private ...
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    9 m
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