Project magenta techonology software#
Magenta was amongst the 59 companies that signed MOUs with the Tamil Nadu Government in the Investors Conclave organized by the Industries Department in Coimbatore. Magenta IT Solutions is a Website Designing in hubli, Website Hosting in hubli, software consulting, product development & Server Provider company based in Hubli, Karnataka.
Project magenta techonology serial#
In May 2021, Magenta announced that it had closed its Series A funding by renowned Indian American philanthropist, billionaire, and serial entrepreneur, Dr. In 2020, Magenta had raised pre-series funding from JAN (JITO Angel Network) and LetsVenture. Seed funded by HPCL in 2018 and incubated by Shell in 2019, Magenta is also backed by the Microsoft Startup Program further to strengthen its advanced technology platform for Electric Mobility. Magenta has many firsts to its credit, including the solar-based EV charging stations, India’s first EV charging corridor for Mumbai–Pune Expressway, and ChargeGrid App, an integrated and automated network of all charging stations on Mobile. The facility aims to create a robust supply-chain ecosystem in and around the region and make Tamil Nadu EV ready. Furthermore, over 1,600 employees will be trained in EV charger manufacturing, assembly, installation and operations over the next five years. The new manufacturing plant is expected to create around 500 jobs in the next two years in Tamil Nadu. Under this agreement, Magenta will invest close to INR 250 crore (US$33.6 million) in setting up a manufacturing unit focused on the design, product development and architecture standards for EV technologies in the e-mobility space. Magenta, a Mumbai-based charge point operator (CPO) company, has signed a Memorandum of Understanding (MoU) with the State Government of Tamil Nadu to invest in building the EV charging infrastructure in the state.
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