# Cygni Energy Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cygni-energy-private

- Industry: Energy Storage & Batteries
- Headquarters: Hyderabad, India
- Website: www.cygni.com
- Total disclosed funding: $2.1M
- Latest round: Series A (Aug 16, 2018)
- Investors on record: 1

## About

Cygni Energy Private Limited specializes in innovative energy storage solutions, primarily focusing on custom Lithium-ion battery packs for electric vehicles and industrial applications. The company is headquartered in Hyderabad, India.Founded by Venkat Rajaraman, Cygni Energy Private Limited is dedicated to developing advanced energy storage solutions. With its headquarters in Hyderabad, India, the company has raised INR 500.000 mn in its most recent funding round led by Meridian Global Ventures on August 25, 2022. Cygni has successfully closed 6 deals to date, with a total amount raised of INR 500.000 mn, reaching a current valuation of INR 2704.000 mn.Cygni Energy specializes in advanced energy storage solutions, particularly focusing on custom-tailored Lithium-ion battery packs for electric vehicles (EVs), commercial and industrial energy storage, and solar applications. Their offerings include batteries for two-wheeler and three-wheeler electric vehicles, maintenance-free batteries for e-rickshaws, and scalable energy storage solutions for businesses. These products are designed to meet the diverse needs of sectors such as automotive, telecom, and renewable energy, primarily serving the Indian market while having the capability to expand internationally.In the most recent fiscal year of 2023, Cygni Energy generated revenue of INR 12,723,882.20 with an EBITDA of INR 334,547.80. The company operates on a business-to-business (B2B) model, supplying its Lithium-ion battery products directly to manufacturers and enterprises that seek to incorporate Cygni's solutions into their products or infrastructure.Cygni Energy plans to leverage its recent funding, raised in August 2022, to further develop its product lineup and expand its market reach. The company is focused on launching new products designed for the growing electric vehicle market and aims to explore opportunities in international markets by 2024. The financial backing will support ongoing product development and business growth initiatives.

## Funding rounds

- Series A, Aug 16, 2018, $2.1M — Endiya

## Investors

- Endiya (https://capitalatlas.ai/funds/endiya) — Series A