What is the total investment by TIDCO in AgniKul Cosmos and Raptee Energy?

TIDCO has invested ₹25 crore in AgniKul Cosmos and ₹25 crore in Raptee Energy, totaling ₹50 crore.

Which startups received funding from Tamil Nadu under the Startup Investment Policy 2025?

AgniKul Cosmos, a space-tech startup, and Raptee Energy, an electric mobility startup, received funding.

What is the main goal of Tamil Nadu's Startup Investment Policy 2025?

The policy aims to support high-potential startups in deep-tech and advanced manufacturing, fostering the state's industrial and economic growth and positioning it as a 'Product Nation'.

Home / Business and Economy / TN Boosts Startups with ₹50 Cr Investment

TN Boosts Startups with ₹50 Cr Investment

14 Mar

•

Summary

TIDCO invests ₹25 crore each in AgniKul Cosmos and Raptee Energy.
This marks the first investment under the Startup Investment Policy 2025.
Tamil Nadu aims to be a 'Product Nation' with this initiative.

TN Boosts Startups with ₹50 Cr Investment

The Tamil Nadu Industrial Development Corporation (TIDCO) has committed ₹25 crore to space-tech startup AgniKul Cosmos and ₹25 crore to electric mobility startup Raptee Energy. These investments are the first under the Tamil Nadu Startup Investment Policy 2025. The state government, under Chief Minister M K Stalin, is actively shaping its industrial future by supporting high-potential deep-tech and advanced manufacturing companies.

TIDCO is being repositioned as a 'Venture Catalyst' to bolster the state's startup financing ecosystem. Investments can range up to ₹25 crore in various sunrise sectors, including aerospace, electric vehicles, and AI. This initiative aims to provide crucial capital across the startup lifecycle, from early innovation to expansion phases, ensuring Tamil Nadu's growth-driven companies secure necessary funding within the state.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.