e-TRNL recorded Rs 8000 in scale in FY23, losses at Rs 29 lakhs
e-TRNL Energy, a battery tech startup founded in 2021, recorded Rs 8000 revenue in FY23 from operations. The company offers advanced battery cells with higher energy density and faster charging capabilities. Competing with Irasus, Brightblu, Oakter, and Ev Plugs, it raised Rs 8 crore in late 2022, with Speciale Invest leading the funding. Founders Apoorv Shaligram and Uttam Sen retained significant stakes. FY23 expenses totaled Rs 28.9 lakhs, resulting in Rs 29.3 lakhs in losses, an EBITDA of -36,037.50%, and an ROCE of -3.98%.
#thekredible #evbatterytech #etrnl #batteryinnovation #startupsuccess #cleanenergy #sustainabletech #evindustry #energydensity #fastercharging #techentrepreneur #fy23results
https://thekredible.com/blogs/....e-trnl-recorded-rs-8
