Battery makers are charging up; Amazon to acquire Axio

Two major battery manufacturers have plans to set up plants in India. This and more in today’s ETtech Morning Dispatch.

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LGES, Panasonic Energy rev up India battery plant plans

LG Energy Solution (LGES) and Panasonic Energy, two of the largest battery manufacturers globally, are accelerating their plans to set up production facilities in India. LGES supplies EV batteries to Tesla, General Motors, Hyundai, and Indian e-scooter makers like Ola Electric and TVS Motor, while Panasonic Energy is among Tesla’s largest suppliers of batteries.

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Oracle’s four India partners may fail to make AI mission cut

This may hinder the American cloud company's ability to empanel with the much-coveted Mission to offer AI compute capacity in India through public-private partnership and bid for future projects.

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Zepto's annualised gross order value touches $3 billion, up three times in 8 months

GOV is the total value of orders received over a certain period of time, including the total amount of sales, before any discounts, returns, or cancellations.​​

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Consumer brands’ funding ride keeps deal street busy

Venture funds are sitting on ample dry powder and will accelerate deal-making in early-stage startups. Funds like Accel, 3One4 Capital, Peak XV Partner, Lightspeed Venture Partners and others are on the hunt for new deals across sectors and themes.

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Google-backed Pixxel launches Fireflies, India’s first private satellite constellation

The startup intends to deploy 18 satellites in its constellation to deliver essential climate and Earth insights to industries worldwide. These indigenously developed satellites were integrated through SpaceX’s Exolaunch and launched aboard the Transporter-12 rideshare mission from Vandenberg Space Force Base in California. They will orbit at approximately 550 km in a sun-synchronous orbit.

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Aditya Birla-backed Digantara takes flight onboard SpaceX’s rocket, system to monitor and detect objects

Digantara launched its SCOT satellite aboard SpaceX’s Transporter-12 mission to enhance space safety and track Resident Space Objects (RSOs). The world’s first commercial Space Situational Awareness (SSA) satellite, will monitor Low Earth Orbit (LEO) with improved efficiency. Backed by Aditya Birla Ventures and SIDBI, it aims to support national security and space operations.

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