MaXcel will support early-stage industrial tech startups with MVPs or early traction, offering INR 3–4 crore fast-track funding and term sheets within 30 days of selection.
The Velocity Accelerator cohort features innovative startups like Induz, LeanWorx, Think Metal, Presage Insights, Superfone, and CargoFL, driving advancements in AI, manufacturing, logistics, and enterprise solutions with transformative technologies.
Induz will use the funding to obtain industry certifications, develop proprietary hardware, hire specialised engineers, and launch Confidential IAM and integrated data delivery solutions, enhancing its secure infrastructure offerings.