Funding Alert

The Murugappa Group invests in an IIT-M startup

• ByStartupStory     |    January 20, 2022

Aerostrovilos Energy has been collaborating with the National Centre for Combustion Research on the development of Micro Gas Turbines.

Aerostrovilos Energy, a Mumbai Angels portfolio firm that was incubated at IIT Madras, has received a seed round of funding of 3.5 crore from Tube Investment of India, a Murugappa Group company.

Aerostrovilos Energy has been collaborating with the National Centre for Combustion Research (NCCR) at IIT Madras to develop Micro Gas Turbines (MGT). It is developing a low-cost MGT-based powertrain for heavy-duty trucks and power generation. “The company will be utilising the funds for the completion of its solution, prototype manufacturing, and a trial run of MGT-based heavy vehicles,” it added.

‘’Air pollution levels are soaring across the world, and both corporations and governments are actively looking for clean technology solutions. Gas turbines have the cleanest emission levels void of any soot or particulate matter. At Aerostrovilos Energy, we are committed to solving this issue through minimal emission turbines. We are thrilled to have secured this round of funding as it will allow us to lay the foundation to achieve our goals.” Rohit Grover, CEO of Aerostrovilos Energy, said.

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