AIC Banasthali Vidyapith Foundation
3 Viveka Nand Vyas Banasthali, Newai, Rajasthan, 304022, India
Overview
AIC Banasthali is an initiative of Atal Innovation Mission, NITI Aayog to promote a culture of innovation and entrepreneurship.
- Total investments
- 3
- Lead investments
- 0
- Investments · 12mo
- 1
- Active investors
- 0
Investment portfolio
- Blinq Mobility
Participated · Seed · Dec 2025
Blinq Mobility, founded by IIT Delhi alumni with experience ranging from Formula Student race cars to Tesla’s Cybertruck program, is building an integrated electric vehicle and energy system centered on rapid battery swapping. Its modular EV platform is engineered specifically for fleet operators that run 16–20 hours per day, allowing quick battery exchanges that eliminate charging downtime. The company intends to monetize through vehicle sales or leases, recurring battery-subscription fees, swapping-station services, and forthcoming fleet-management software. Incubated at the Automotive Research Association of India and supported by AIC Banasthali, FIIRE Goa, and the Deshpande Foundation, Blinq has completed real-world validation of its prototype vehicle and swap system. Near-term plans include pilot deployments with ride-hailing and logistics partners while it scales manufacturing and station infrastructure. Over the longer term, Blinq envisions adapting its modular, swappable platform for diverse urban mobility applications worldwide. Financially, the startup has secured a Rs 4.3 crore pre-seed round to fund product development, vehicle engineering, battery systems, swapping stations, and pilot programs.
- Ecoil
Participated · Equity · Jan 2024
Founded in 2019 by Sushil Vaishnav and Kirti Vaishnav, ECOIL builds a tech-enabled collection and logistics network to aggregate used cooking oil from restaurants, hotels, and food businesses. The platform focuses on improving traceability, compliance, and aggregation of this feedstock for biodiesel and sustainable aviation fuel producers. ECOIL also works to organize a fragmented supply chain and integrate informal workers into a formal collection network. The company is scaling operations and strengthening its technology platform, with plans to expand into additional markets across India. Its business has attracted strategic and impact investors, including seed backing from Shell and participation from impact-focused funds in the Series A. No revenue or user metrics were disclosed in the article.
- ThatMate
Participated · Equity · May 2021
ThatMate is an Android app launched in October 2020 that offers sexual and mental wellness support for adolescents through an AI-powered interactive bot called Bolo. The app delivers education via interactive comic books, gamified user journeys, knowledge quizzes, and age-appropriate unlocks based on behavioural insights to guide teens through puberty, relationships, self-image, peer pressure, and stress. Founders Madhavi Jadhav and Nishant Neeraj developed the product after participating in Rebalance Accelerator’s inaugural 2019 cohort. The startup says it has gained significant momentum across India and has partnered with the Jharkhand government and UNICEF to help six lakh students. ThatMate plans to focus on content, core product building, marketing, and hiring to expand its reach across India. Financially, the company recently raised $140,000 in an angel round.
Team
No current team members are available.