Chargein, a startup which manufactures some uniquely shaped smartphone powerbanks, has secured a sum of $100,000 (about Rs 62 lakh) from Pittie Group, a Pune based industrial group.
Based in Mumbai, Chargein has been making commercial efforts for about 5 months now. Rather than usual box shape models, the company manufacturers power banks in the shape of high-end toy cars. With a capacity of 5200 mAh, the charger shows off a flashlight that, interestingly, happens to be the headlights of car-shaped power bank.
Pratik Hinduja, founder at Chargein, said-
Pittie has interests in retail distribution which will come handy while expanding.
Charged for Rs. 1600, the company has sold about 500 units till now. With this latest fund incoming, the company will work to research and develop a product that can charge mobile phones on solar energy. Remaining of the fund will be used for marketing and distribution that would further enhance the presence of the company withing Indian perimeters. Aditya Pittie, CEO, Pittie Group, will join the board of the company with this investment.