IIT Madras-incubated deep-tech startup Wankel Energy Systems has raised $1 million in a pre-seed funding round led by Shastra VC, with participation from certain angel investors.

Goyel & Goyal advised Wankel Energy Systems on all aspects of this transaction.

The transaction was led by Deepika Yadav (Partner) and Shivantika S. (Associate).

Founding Partner Akshit Goyal provided strategic inputs on the transaction.

Wankel Energy Systems specializes in designing and manufacturing advanced expanders aimed at energy recovery in process industries. Their mission is to create sustainable solutions that significantly reduce energy costs and carbon footprints, contributing to a smarter and greener future.

The funding will help the startup, which aims to prevent the loss of potential energy in pressure-reducing valves (PRVs), go global. Over the next decade, it is targeting to deploy more than 1,000 units not only across India but in global markets too, addressing a global challenge.

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