Pneucons will use the new funds to grow its team and boost cross-border transactions in engineering sectors like fire safety, pneumatics, hydraulics, and industrial automation.
Startups in the fields of EVs, hydrogen production and storage, and solar energy technology are growing in India. The two areas that have received the most financing over the past five years are carbon capture (USD 42 million) and offset and solar energy technology (USD 161 million).