Aloe Ecell on Friday, said it has raised ₹3.5 crore through a mix of equity and debt to support expansion of its eco-friendly dry-cell battery business.
The funding to Aloe Ecell was arranged through the entrepreneurial reality show Bharat Ke Super Founders on Amazon MX Player.
The funding includes ₹2.5 crore raised through equity for a 4.16 percent stake and ₹1 crore in debt financing provided by Recur Club. The capital is intended to support expansion through quick commerce channels and operational scale-up.
The funding round involved participation from the show’s Tycoons. Dr. Velumani committed ₹1.25 crore for a 2.08 percent equity stake. Nitish M invested ₹50 lakh for a 0.83 percent equity stake, while Aditya S invested ₹25 lakh for a 0.42 percent equity stake. Shanti M committed ₹50 lakh for a 0.83 percent equity stake. The remaining ₹1 crore was structured as debt financing by Recur Club.
Aloe Ecell develops AA and AAA batteries designed to reduce the environmental impact associated with conventional dry-cell batteries. The company uses an aloe vera extract-based electrolyte in place of traditional chemical electrolytes. These batteries are intended for use in low-power household devices such as remote controls, clocks, toys, and cameras. The company states that the products are leak-resistant, have an extended lifespan, and are supported by a recycling programme.
The startup addresses the issue of battery disposal in India, where an estimated 15 to 20 batteries are discarded per person annually, resulting in approximately 230 crore used batteries each year. Research suggests that a single discarded battery can contaminate up to 1.67 lakh litres of water.
The Aloe Ecell funding marks one of the deals facilitated through Bharat Ke Super Founders, which connects early-stage businesses with capital providers through a televised format.
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