Hyderabad (Telangana) [India], August 27 (ANI/NewsVoir): Hyderabad-based Cygni Energy Private Limited, a leading technology-led energy storage company, announced that it has raised funds of USD 12.5 Million (Rs 100 Crores) through a combination of Equity and Debt. The equity funding is led by Meridian Global Ventures and the debt by Indian Overseas Bank, a leading Nationalised Bank in India. The company will use the funds to fuel product development, business growth, grow the engineering division to fast-track the product development cycle and set up a new greenfield manufacturing facility in the state of Telangana.
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