Partnership   May, 2024

SP-TBI support Mechlae under SISFS

CCD Investment.

Mechlae and SP-TBI have joined forces from the very beginning, starting with the initial development of Mechlae’s tech prototype. Our collaboration secured a vital grant from SP-TBI, funded through the SISFS grant scheme, to propel us into the Mechlae MVP Stage 1. This milestone will see the creation of a cutting-edge portable mini swap station and innovative battery pack, marking the first step towards revolutionizing our energy as a service (EaaS) industry.

We are excited to announce a renewed collaboration under the Startup India Seed Fund Scheme (SISFS) funding initiatives. This partnership represents a pivotal step in our journey, as we’ve secured a Convertible Debenture Debt (CDD) investment following the successful validation of our technology and market approach. This milestone not only reflects confidence in our vision but underscores the potential of our solutions to bring transformative change to the industry. The support from SISFS goes beyond financial backing; it serves as a powerful endorsement of the work we’ve accomplished so far. This collaboration solidifies our foundation, enabling us to scale our operations, refine our technology, and position our solutions to meet the needs of a dynamic and evolving market. With this funding, we gain the stability and flexibility to explore new avenues for research, pilot innovative programs, and build partnerships that will drive our mission forward. As we look ahead, this partnership accelerates our commitment to creating solutions that challenge industry norms and address key market needs. SISFS and the CDD investment empower us to push boundaries, pursue advanced research, and engage a broader network of industry experts. This support allows us to take meaningful strides toward sustainable growth and impactful change, ensuring that our technology remains both relevant and impactful in the face of emerging challenges. This renewed collaboration invigorates our team, providing the momentum needed to move forward with renewed focus and ambition. We are committed to making the most of this opportunity, leveraging the resources, expertise, and connections gained through SISFS to elevate our technology and broaden our impact. This partnership marks a significant step in our journey, as we work toward our goal of delivering innovative solutions that truly transform the industry.