Jupiter Capital invests $2 million in green technology startup Altigreen

NEW DELHI: Bangalore based Jupiter Capital has announced an investment of $2 million in Altigreen Propulsion Labs, a niche start-up providing technology enabled solutions for electric and hybrid powertrains. Jupiter Capital has been looking at investment opportunities in disruptive technology ventures focused on the opportunity space of make in India, designed in India, and smart city.

In a release, Jupiter Capital’s director Sudhakar Gande says, “Altigreen has developed hybrid technology solution enabling every vehicle to become a hybrid. The patented technology of the company can be replicated in other developing nations to address concerns on greenhouse gas emission.”

Altigreen is engaged in research, design and development of proprietary hybrid vehicle technology for the Indian market. Kits developed by Altigreen look at improving fuel-efficiency and reduce harmful tailpipe emissions not just for new vehicles but also for existing cars and trucks.