Thursday, May 2

Tag: IIT kanpur

IIT-Kanpur Signs MoU of $2.2 Mn to Develop Flying Taxi Prototype
INDIA

IIT-Kanpur Signs MoU of $2.2 Mn to Develop Flying Taxi Prototype

Researches from the IIT-Kanpur in collaboration with VTOL Aviation India Pvt Ltd, have agreed to a $2.2 Mn Memorandum of Understanding (MoU) to develop the prototype of a auto-piloted vertical takeoff and landing (VTOL) craft, which could be used as flying taxi or facilitate air travel. “We will establish a proof of concept and identify the key technology areas. There will be over 100 students working on this,” said Ajoy Ghosh, Aerospace Engineer and Flight Lab Head of IIT-Kanpur. The project may be take up to five years to be completed, prompting Ghosh to comment, “The proposed craft will most likely use a ducted fan, much like commercial airplanes. It will be clean as it will use electric power.” The motivation behind this project for Ghosh is the hope of developing a sustainabl...
Hindi Social Networking Portal ShabdaNagari Raised Funding From ah! ventures
FUNDING

Hindi Social Networking Portal ShabdaNagari Raised Funding From ah! ventures

Hindi social networking portal ShabdaNagari has raised undisclosed amount of bridge funding from ah! ventures.  The company had said that it plans to use the funds raised to expand its genres and improve its user interface, marketing and promotional activities. Artha Energy Project's Anirudh Damani & others also participated in this round. "ShabdaNagari team's thorough understanding of the Hindi speaking market and their innovative solutions to the various requirements make them stand apart. The positive results we have witnessed in the last one year makes us confident that ShabdaNagari is soon to be the biggest player in this niche category." said Harshad Lahoti, founder and CEO of ah! Ventures. ShabdaNagari had earlier raised Rs 1.2 crore from Kanpur Angels and a clutch of other...