Tata Elxsi and Minespider Launch MOBIUS+ A Blockchain-powered Battery Lifecycle Management Platform

Tata Elxsi and Germany-based Minespider have partnered to launch MOBIUS+, an advanced battery lifecycle management platform. This platform leverages blockchain technology to ensure traceability and sustainability in the battery industry.

Designed to address the growing need for sustainability, compliance, and performance optimization in the battery industry, MOBIUS+ aims to revolutionize the way batteries are managed from production to recycling.

Here are some key points about MOBIUS+:

Sustainability and Compliance: MOBIUS+ aims to optimize battery sustainability and compliance across global markets. It complies with evolving global battery passport regulatory mandates, such as the EU Battery Passport and the US Inflation Reduction Act.

Advanced Analytics: The platform integrates advanced data analytics and real-time monitoring to provide actionable insights for Original Equipment Manufacturers (OEMs) and the entire battery ecosystem.

Cost Savings and Emission Reduction: Battery passports are expected to deliver 10-20% cost savings in recycling and maintenance through predictive insights and advanced analytics. They also aim to reduce emissions across the battery lifecycle by up to 20%.

Seamless Integration: MOBIUS+ offers a seamless interface for vendors to upload and manage their data, ensuring compliance and accuracy across the supply.

This collaboration is a significant step towards creating a more transparent and sustainable battery industry.

Anil Radhakrishnan, Chief Product Officer, Tata Elxsi, said:

Our collaboration with Minespider is a commitment to drive innovation in sustainable mobility. With MOBIUS+, we aim to set a new benchmark for battery lifecycle management, providing customers with compliance-ready solutions, advanced tools, and data-driven insights to create a more sustainable and transparent future in mobility.

“Partnering with Tata Elxsi enables us to bring our blockchain expertise to a comprehensive platform that supports the industry’s drive for transparency and compliance,” said Nathan Williams, Founder & CEO, Minespider. “By embedding battery passports into MOBIUS+, we’re providing a foundation for secure, reliable data that supports global sustainability goals.”

T-Hub Invests in Plug-n-Play Analytics Platform BIVA In A $500K Round Led By Equanimity Ventures

Funding to Drive Product Development, Market Expansion, and Talent Acquisition, Strengthening BIVA's Market Position.

T-Hub's Investment Initiative, Aims to Boost Telangana's Investment Landscape and Empower Indigenous Startups.

BIVA Analytics, plug and play analytics platform, offering E-commerce businesses a unified analytics perspective across multiple platforms today announces the successful completion of its Seed Round funding, raising $500K. This round was led by Equanimity Ventures, with participation from T-Hub, SucSeed Ventures, WarmUp Ventures and value-additive angels. The investment underscores the confidence in BIVA Analytics' innovative approach to E-commerce analytics and its potential to revolutionize the industry.

BIVA Analytics is designed to empower e-commerce businesses by aggregating data from various sources, including e-commerce stores, marketplaces, marketing platforms, logistics platforms, payment gateways, and order management platforms. The platform offers a unified dashboard and intuitive pre-built reports, enabling workflow automation and streamlined data interpretation. With this recent infusion of capital, BIVA Analytics plans to focus on product development, market expansion, and talent acquisition. These investments will further enhance their E-commerce Analytics product offerings and solidify their position in the market. In addition, BIVA has ambitious plans to integrate AI for marketing automation and competitor benchmarking.

T-Hub, India’s leading startup incubator has played a pivotal role in supporting BIVA Analytics through its Lab32 program. Over the past six months, T-Hub has been instrumental in nurturing BIVA's growth by providing guidance on product development, go-to-market strategy, and investor connects.

Mahankali Srinivas Rao (MSR), CEO, T-Hub, said, “Our investment in BIVA Analytics reaffirms our unwavering commitment to fostering innovation within the startup ecosystem. BIVA Analytics epitomizes the pioneering spirit we wholeheartedly champion. This investment perfectly aligns with the strategic vision of T-Hub's T-Fund, which was established to bolster the investment landscape in Telangana and bolster indigenous startups.

BIVA’s Founders, Abhiram Kolli and Akhila Ganti, expressed gratitude for the overwhelming support, stating, "This successful fundraising round is a testament to the hard work and dedication of our entire team. We are excited about the future and are well-positioned to accelerate our growth, drive innovation, and make a lasting impact in the B2B SaaS Analytics space."

Mr. Rajesh Sehgal, Managing Partner, Equanimity Ventures, said, “BIVA’s platform empowers e-commerce businesses with unified analytics, automation, and growth potential. Abhiram and Akhila have a deep understanding of user problems, which is reflected in the robust SaaS platform that they have built. Until now, they have been under the radar fine tuning the product. The current funding round will help them get discovered. We believe that BIVA is poised to revolutionize e-commerce analytics and are excited to partner with them as an early backer.”

Investor support highlights strong confidence in BIVA's unique approach to E-commerce analytics, Vikrant Varshney of SucSEED Indovation Fund: "We firmly believe in BIVA Analytics' unique go-to-market strategy, which positions them for exceptional growth in the e-commerce analytics landscape."

Sharad Bansal, Founding Partner of Warmup Ventures: "Our investment is a testament to the confidence we have in BIVA's potential to lead innovation in the e-commerce analytics sector."

T-Hub's T-Fund is a dynamic force in the startup ecosystem, supporting entrepreneurs through its 6 M Framework (Money, Methodologies, Market access, Mentorship, Motivation, Manpower). Every investment is carefully chosen to tackle industry pain points, and T-Hub's unwavering focus on fundamental solutions, combined with founders' passion, places them uniquely in the market.

About T-Hub:

T-Hub is one of India's leading innovation ecosystems that powers entrepreneurship and innovation. As a unique public-private partnership between the government of Telangana, three of India's premier academic institutes (IIIT-H, ISB, and NALSAR), and key private sector leaders, T-Hub aims to foster a thriving startup ecosystem in India. Through its programs and initiatives, T-Hub provides startups with access to top-tier mentors, industry experts, investors, and corporates, facilitating accelerated growth.

About BIVA

Biva, a no-code analytics platform, offers E-commerce businesses a unified analytics perspective across multiple platforms. It delineates the brand's customer journey into pre, during, and post-sale details through pre-built dashboards and reports. This enables workflow automation and seamless interpretation of insights for enhanced business efficiency.

Website; LinkedIn

Digital Transformation High on the Agenda for the Manufacturing Sector; 54% of the Companies Have Implemented AI and Analytics for Business Functions

• Digital transformation high on the agenda for the manufacturing sector; 54% of the companies have implemented AI and analytics for business functions: PwC India survey
• Digital champions from across the six sectors in India believe that being resilient, transparent and sustainable will prepare them for future growth
• Indian organisations are focusing on personalisation and customer-centric digital transformation solutions while global counterparts are inclined to innovation
• The payback period for technology deployments is lower for India as compared globally
• Companies in India that invested at least 3% of their entire sales in digital transformation had a higher proportion of high returns

The onset of industry 4.0 is leading the Indian manufacturing industry to a major transformation in terms of doing business operations. Shifting customer preferences, new distribution models, geopolitical uncertainties, supply chain disruption, and ESG regulations have given rise to new opportunities in terms of redesigning and innovating the existing business models. Various government initiatives like the production-linked incentive scheme (PLI) and ‘Make in India’ have contributed to the development of a favourable environment in the domestic market attracting global partnerships and foreign direct investments (FDI).

Given this context, PwC India conducted a survey to understand the current digital landscape in the Indian manufacturing industry and assess the prospect of laying down the future roadmap. CXOs of organisations in the domestic market, including multinational companies (MNCs), were interviewed to gain insights into the digital transformation trends of the manufacturing sector.

Sharing insights from the survey titled Reimagining Digital Factories of Tomorrow, Sudipta Ghosh, Partner, Industrial Products Sector and Data and Analytics Practice Leader, PwC India, said: “This is a very interesting time for organisations, especially in India, who have embarked upon the digitisation journey. Organisations are focusing on improving the efficiency of processes, such as reducing the down time of assets, minimising the maintenance cost of expensive equipment, cutting down the cost of poor quality by understanding the parameters needed for the golden batch using digital twins, automation of processes like connected workstations using IoT for better visibility at the shop floor and workflow-based automated solution for efficient scheduling.”

Key trends emerging from the survey

• 38% of the Indian companies that had participated in the survey revealed that they do not have any plans to adopt digital technology for their businesses. According to the research, digital champions from across the six sectors in India believe that being resilient, transparent and sustainable will prepare them for future growth. However, they also opine that greater innovation and faster time to market will help them to stay relevant in the competitive landscape in the coming days.
• Indian manufacturing companies currently prefer to adopt one standardised digital solution across plants compared to global companies which prefer one standardised digital solution with different functionalities or modules. Indian companies are showing an upward trend towards adopting analytics and AI with a current implementation rate of 54%.
• The average payback period is less than three years for the technology deployment use cases. Shorter payback periods encourage organisations to invest in technological solutions. Though investment in digital technology remains a challenge, lack of planning for aligning digital transformation with the organisation’s objectives and implementing digital technology remains a greater problem.
• Indian companies tend to focus more on people, policies and mindset while the global companies prefer to build up the right system for driving any transformation. Successful digital transformation demands elements of centralised standard-setting to establish best practices and guidelines, accompanied by centralised teamwork for local implementation.

The survey indicates that collaborating with the right team who can devise a custom digital transformation strategy which is suitable for the organisation, and working with the right enablers to implement the strategy is important to increase the return on investment (ROI).

“Organisations will also need to determine aspects of tangible returns apart from the financial outcomes to ensure that implementing digital technology has a holistic, long-term and sustainable impact on the business. Analytics continues to play a significant role in improving the decision-making process, both at the shop floor as well as across the entire supply chain. The return on investments will be governed to a large extent by how organisations are using the data to generate insights and take timely decisions.” Sudipta added.

The road ahead

Though there is no single model for success, companies should frame a transformation blueprint having answers to key questions before committing to a digital transformation path. While learning from success stories within their industry may provide the insights on where to begin, it is important to take into consideration a wide variety of contingencies and probable pitfalls from failure case studies. 

Reiterating on the same, Ankur Basu, Partner and Digital Operations Leader, PwC India, said: “Though many companies have implemented fit-for-future technologies in some capacity to solve operational challenges, only few are able to implement it successfully across the value-chain. Adopting digital technologies effectively at scale requires the commitment of the leadership team besides a clear roadmap for implementation and skilled people.”

This survey has recommended key strategies for successful digital transformation of factories and outlined a strategic route focusing on people, process and technology.

• Digital strategy: Companies should be clear about their strategic targets and digital vision when it comes to the selection of use cases, business applications and technologies.
• IT architecture design: The architecture archetype, or digital backbone, is the key to achieving outcomes. The underlying IT architecture is both a solution and a risk area where companies can potentially lose the capability to implement digital solutions at speed and scale.
• Vendor strategy: Companies should consider whether they should devise their own digital solutions or buy it from external service providers.
• Agile platform, systems, use case and process development: During the development phase, the key question companies should consider is whether an agile delivery model is more suited to the organisation’s needs or whether they can implement the traditional waterfall model.
• Implementation and rollout: Digital rollouts can either be executed in a step-by-step manner or in a single rollout. However, the speed of simultaneous rollout carries its own risks, and companies should conduct a risk-benefit assessment before they implement it.
• Organisation, people and change: For a successful digital transformation strategy, organisations should consider the various nuanced aspects of their operations and then select the best-fit operating model tailored to their needs instead of copying peers.

About the Survey

PwC India conducted a survey early this year to understand the current digital landscape in the Indian manufacturing industry and assess the prospect of laying down the future roadmap. The survey covered Indian manufacturing organisations in key sectors such as industrial manufacturing, hi-tech and electronics, chemicals and process industries, pharma and medtech, retail and consumer goods, automotive and transportation. CXOs of these organisations in the domestic market, including multinational companies (MNCs), were interviewed to gain insights into the digital transformation trends of the manufacturing sector.

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 156 countries with over 295,000 people who are committed to delivering quality assurance, advisory, and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

© 2023 PwC. All rights reserved.

Rockset Announces Private Self-Driving Deployments for Real-Time Analytics in AWS VPC

New deployment model delivers the power of Rockset's real-time indexing inside AWS Virtual Private Cloud (VPC) to meet enterprise data security standards

SAN MATEO, Calif., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Rockset , the real-time indexing database company, today announced a new enterprise deployment model for real-time analytics within a company's Virtual Private Cloud (VPC). Rockset's fully managed cloud service for real-time analytics now enables customers to retain full control and ownership of data in their own AWS account for maximum security and compliance, without the operational overhead of managing the deployment. Today, Rockset also announced $40 million in Series B funding led by Sequoia with participation from Greylock to further accelerate the company's momentum.

According to a recent survey by Deloitte , organizational efforts to move to the cloud are primarily driven by the need to increase security, modernize data stacks and lower operational costs. In fact, 58 percent of respondents in the survey ranked security as a top driver. Traditionally, enterprises installed and managed custom data stacks in the cloud in order to meet security standards that require data to reside in their own AWS VPC.

Rockset is taking an innovative approach to real-time analytics that gives enterprises the best of both worlds - high security and low ops - by delivering a cloud-native SaaS service that decouples the control plane and data plane. Service operations are fully managed through the control plane, while data never leaves the customer's VPC, effectively delivering "self-driving private deployments." With this new deployment model, Rockset is opening the door to modern and fully managed data services, while reducing operational overhead to nearly zero. Now enterprises can build modern data applications in a more secure environment.

"Unlike a warehouse that provides business insights on corporate data, Rockset is a real-time analytics solution that is used by developers to build modern data applications," explained Venkat Venkataramani, co-founder and CEO of Rockset. "Now developers can move fast and have access to the speed, scale and simplicity of Rockset in a dedicated AWS VPC, while simultaneously meeting the highest data security and compliance needs."

Examples of modern data applications Rockset customers are building include real-time personalization and recommendation engines on e-commerce sites, real-time supply chain logistics and delivery tracking systems, gaming leaderboards, fraud detection systems, health and fitness trackers, social media newsfeeds and more.

One of Rockset's customers, FinBox, an Indian embedded finance startup, is delivering a seamless way to build user-centric FinTech products using Rockset. "Our platform is enabling the next generation of FinTech products such as embedded finance and personalized credit products delivered through a seamless API. Security and data localization is paramount for us as we operate in a regulated space," said Rajat Deshpande, CEO of FinBox. "Rockset's new private VPC deployment model opens a new world of possibilities for us. We can now deliver apps for our customers without data leaving our VPC in India, thus meeting the strictest regulatory requirements. The Rockset managed private VPC deployment gives us the best of both worlds - high data security and no ops."

Built by the creators of RocksDB , Rockset automatically builds a Converged Index™ on any data — including structured, semi-structured, geographical and time series data — for high-performance search and analytics at scale. It supports real-time SQL queries on semi-structured data, so for the first time ever, developers have the flexibility to build features that search, aggregate and join any type of data from any source on the fly. When combined with serverless operations, it is a game-changing approach to making real-time analytics fast, flexible and easy.

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About Rockset

Rockset is a real-time database in the cloud, built by a team of industry veterans with decades of experience in web-scale data management and distributed systems at companies including Facebook, Yahoo, Google, Oracle and VMware. Rockset is backed by Greylock and Sequoia. For more information, go to rockset.com or follow @RocksetCloud.