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Business Standard
24-06-2025
- Business
- Business Standard
Agnikul, GalaxEye, ePlane Co among 10 Indian startups on WEF list
Ten Indian startups working on cutting-edge technologies— from artificial intelligence to space tech — have made it to the World Economic Forum's prestigious list of top 100 emerging companies for 2025. The annual list by WEF tech pioneers highlights the most promising global innovators shaping the future across sectors. The Indian startups featured in the list include Equal, GalaxEye, Agnikul, CynLr, Dezy, Digantara, Exponent Energy, Freight Tiger, SolarSquare, and The ePlane Co. 'At SolarSquare, our mission is to build India's most trusted residential solar brand. Our full-stack integrated approach is designed to make rooftop solar reliable and hassle-free,' Shreya Mishra, co-founder at SolarSquare, said. The company has already solarised almost 30,000 homes through their platform and by the end of 2025, it aims to double the count to nearly 60,000. Notably, four portfolio companies— Agnikul, ePlane, CynLr, and GalaxEye — of deep-tech investor Speciale Invest made it to the list. Vishesh Rajaram, the managing partner of the venture capital firm, said, 'This global recognition affirms not only their audacious visions across space launch, flying taxis, robotic vision, and multi-sensor satellite intelligence, but also marks a pivotal moment for India's rise as a deep tech leader.' Suyash Singh, founder and chief executive officer (CEO) of space-tech startup GalaxEye said, 'To be named along with other deep-tech pioneers from India and around the world is a proud moment for us. This recognition is a validation of our global vision of enhancing earth observation capabilities and providing actionable geospatial data to critical sectors around the world.' At present, the company is using its Series A funding of $10 million for the launch of its first satellite 'Mission Drishti,' which it targets to launch by the end of this year. Equal Identity is a platform enabling secure, real-time, consent-based data sharing for over 80 million people across financial services, insurance, healthcare, employment, and housing. In March 2025 alone, the company processed more than 101 million transactions and is likely to cross one billion annual transaction run rate in FY26, up from just 75,000 paid transactions in FY24. 'The trajectory highlights both the institutional demand for verified data and the trust in our privacy-first approach. As we look ahead, we're focused on strengthening this infrastructure further with deeper integrations, AI-led verification, and governance models that ensure personal data can be used responsibly to unlock access and opportunity,' said Keshav Reddy, the company's founder, adding that Equal's selection as a tech pioneer is a reflection of its scale, depth, and urgency of the infrastructure. Interestingly, last year, the same number of startups were part of the list. These included companies such as Amperehour, Cropin, Entri, HealthPlix, International Battery Company, Niramai, NxtWave, Pixxel, Sarvam AI, and String Bio.
Time of India
08-05-2025
- Business
- Time of India
A routine storm reveals the high price of poor quality solar
Shreya Mishra | SolarSquare On May 4th, Indore witnessed a routine thunderstorm, with wind speeds reported at a staggering 120 kmph . Similar scenes were reported in Bhopal the next evening as hard winds swooped across the city accompanied by heavy rains. Such storms are frequent in pre-monsoon periods every year. Fallen trees are a common sight during such storms, but fallen rooftop solar systems? The morning after has revealed a shocking sight in both cities: numerous rooftop solar systems collapsed across the city - with panels flown off and structures damaged. This poses a bigger question - what will happen when storms touch 140-150 kmph which also occurs on a few days every year. Operation Sindoor 'Op Sindoor's precision & execution was unimaginable': Rajnath Singh Operation Sindoor: India repels drone, missile attack across LoC Operation Sindoor: Several airports in India closed - check full list For homeowners, this was a total collapse of trust. Indian families are going solar on the promise of electricity bill savings for 25 years, but the question remains - is the quality of installation in the market designed to last even three years? Yesterday's storm exposed a disturbing truth: many solar systems in India aren't built to survive even routine storms and Indian weather conditions. A Harsh Reality: The Big Price of Compromised Safety Indians are embracing solar in the wake of India's ambitious PM Surya Ghar scheme which offers subsidies of up to Rs. 78,000. Solar is a great investment for families as they promise 25 years of free electricity and pay back periods under 5 years. But across the country, many solar vendors are cutting corners by installing non-engineered, sub-standard rooftop solar systems. The module mounting structures are the backbone of a solar system. But across the market, it has been observed that these are not designed for sufficient strength - barely able to endure wind speeds of even 120 kmph. Another issue is usage of poor-quality materials which rust within 3–4 years – further compromising structural strength as the years pass and becoming more prone to storm damage. These quality compromises may save money initially, but they cost dearly later—in damage, in safety, and in trust. At just 120 kmph, these installations didn't just fail—they became dangerous debris . Solar panels flew off rooftops. Some crash landed in neighbouring homes. At SolarSquare, we are obsessed with meeting high safety standards At SolarSquare , safety is not negotiable. We believe in engineering solar not just for sunshine, but for storms. That's why we developed the Intelligent WindPro Mount™ (Patent Pending) —India's safest, storm-proof solar mounting structure that withstands all storms. WindPro Mount™ is approved by IIT Bombay to be storm and cyclone safe in windspeeds of even 170 kmph. Moreover, these are completely pre-fabricated and made in factories with precision manufacturing techniques ensuring consistency in quality and zero-risk of human errors on your roof. Using Japanese Poka-Yoke (mistake-proofing) principles, we ensure every piece fits perfectly and performs flawlessly. Not just engineering brilliance - but the kind of safety that gives you peace of mind, even when the skies turn grey. And our numbers back our safety claims too - With over 25,000 installations across the nation, 99.91% of SolarSquare's installations reported ZERO storm damage. What You Deserve When you go solar, you deserve more than savings. You deserve safety. Stability. Peace of mind. Too many amateur vendors treat structural safety as optional. But for us, it is sacred. SolarSquare follows rigorous standards in both design and post-installation maintenance. That's what sets us apart. Solar is the future—but only if it's engineered for it. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
