Wednesday, June, 03,2026

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SVU-supported and riidl-backed startup ACS Energy secures INR 1.1 crore in funding

Mumbai (Maharashtra): ACS Energy, a campus-born EV charging startup founded by alumni of K J Somaiya School of Engineering, Somaiya Vidyavihar University, has secured ₹1.1 Crore in pre-seed funding from Inflection Point Ventures (IPV).

The milestone follows years of foundational support the startup received through riidl Somaiya Vidyavihar University, including mentorship, early prototyping infrastructure, and access to government-backed programmes. ACS Energy benefitted from the NIDHI Prayas prototyping grant by the Department of Science & Technology (DST) and its participation in the HDFC Parivartan Manufacturing Accelerator by HDFC Bank & riidl Somaiya Vidyavihar University, which enabled the team to build its early systems, engineering processes, and core charging technology, all while being supported by the Maharashtra State Innovation Society, Government of Maharashtra.

ACS Energy is developing modular, user-friendly EV charging solutions for residential townships and high-rise buildings — an underserved but rapidly growing segment in India’s EV ecosystem. With this investment, the company aims to expand its charging network across Mumbai and other urban markets, strengthen its hardware-software stack, and accelerate deployments in gated communities and residential societies.

ACS’s chargers have already helped avoid more than 80 tons of tailpipe CO₂ emissions by shifting daily commuting from ICE vehicles to EVs charged on our network. Based on the total kWh delivered and average EV efficiency, this is equivalent to over 6,00,000 green kilometres of cleaner travel powered through ACS.

Founded by SVU alumni, ACS Energy traces its research roots to riidl and the ecosystem at Somaiya Vidyavihar University, where the team first began exploring EV technologies, system design, and early prototypes. The university’s research culture, engineering labs, and sustained incubation support through riidl Somaiya Vidyavihar University helped the founders transition from an academic project into a commercially deployable venture. ACS Energy’s first EV charging station was deployed on the Somaiya Vidyavihar University campus, providing the team with a live environment to test, validate, and optimise the technology before commercial rollout.

Both founders of ACS Energy come from K J Somaiya School of Engineering (KJSSE). Jash Sheth specialised in Mechanical Engineering, and Mihir Bhanushali pursued Electronics & Telecommunication Engineering. During his time at KJSSE, Jash was selected for an international exchange programme in France at the University of Technology of Troyes, where he was exposed to European energy systems, sustainable mobility and smart infrastructure. The college supported him with academic flexibility and credit transfers, enabling him to manage his coursework while gaining this international experience.

Their combined experiences in Mechanical Engineering, Electronics & Telecommunication Engineering, along with the global exposure gained through KJSSE’s exchange programme, played a key role in shaping the technical depth and global outlook behind Ayka’s UPI-enabled EV chargers and AI-based energy platform.

“Our journey began at Somaiya Vidyavihar University, where we had the environment, mentorship, and encouragement to build early prototypes and validate real-world use cases. The support we received from riidl Somaiya Vidyavihar University, through incubation and access to prototyping grants, gave us the runway to refine our technology. This new round of investment strengthens our commitment to building scalable clean-energy solutions for India and emerging markets,”  said Jash Sheth, Founder & CEO, ACS Energy.

“We are proud to see ACS Energy, an SVU-born and a riidl-incubated startup, achieving this important milestone,” said Gaurang Shetty, Chief Innovation Catalyst, riidl Somaiya Vidyavihar University. “Somaiya Vidyavihar University and riidl have built one of the most comprehensive university-based innovation ecosystems in India. From mentorship and prototyping support to access to research infrastructure and industry linkages, our focus has always been to enable founders to move from concept to commercialisation. ACS Energy’s success reaffirms the strength of this ecosystem and the impact it can create.”

This milestone also reflects the strength of the innovation ecosystem built by riidl Somaiya Vidyavihar University to support founders from idea to scale. By combining academic depth, research infrastructure, and hands-on entrepreneurial guidance, they enable early-stage ventures like ACS Energy to evolve into high-impact, market-ready companies.

About ACS Energy

ACS Energy (Ayka Control Systems Pvt. Ltd.) is a Mumbai-based clean-tech company focused on building India’s next-generation EV charging infrastructure. We design and manufacture AC EV chargers (3.3 kW to 22 kW) for homes, societies, commercial buildings and real estate projects, with a strong focus on safety, reliability and easy installation. To date, we have deployed 250+ AC EV chargers, enabling 6,00,000+ green kilometres of EV travel and helping avoid 80+ tons of CO₂ tailpipe emissions.

Along with hardware, we’ve built ACS.Pay, our own payment and charge-management system that enables UPI-based, per-unit energy billing, remote monitoring, user authentication and smart access control. Together, our chargers and ACS.Pay gives developers, RWAs, fleets and businesses a single integrated solution for hardware + software + payments, reducing operational headaches and making EV charging simple, compliant and profitable.

About riidl Somaiya Vidyavihar University

riidl Somaiya Vidyavihar University supports the creation and incubation of early-stage companies from ideation to commercialisation by providing resources, labs, government grants, investor connections, funding, and mentorship. Business incubators of Riidl Somaiya Vidyavihar University are supported by the Department of Science & Technology, BIRAC, Department of Biotechnology, MeitY, Government of India and Maharashtra State Innovation Society, Government of Maharashtra. It has incubated over 300 startups and facilitated the creation of 1000+ jobs and internship opportunities, with total revenue generated by the startups exceeding INR 400 Cr.

riidl Somaiya Vidyavihar University has been bestowed with the National Award for the year 2020 in the Emerging Technology Business Incubator category by the Department of Science and Technology, Government of India.

Somaiya Vidyavihar University, built on the 80-year legacy of the Somaiya Trust, is a multidisciplinary institution offering 2,000+ courses across fields like management, engineering, humanities, and sciences. Spread across a 50-acre green campus, the university fosters holistic education, integrating academics with research, entrepreneurship, and a vibrant sports and cultural ecosystem. With a strong industry connection and global academic collaborations, it nurtures students into well-rounded professionals. Committed to innovation and lifelong learning, Somaiya Vidyavihar University provides a transformative environment that empowers students to create meaningful impact.

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Daily Astro

03-06-2026

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Aries

Ganesha says it will be an important day for you, Aries. Your energy and confidence are ready to take you to new heights. Today you will be able to express your thoughts with clarity, which will increase your communication skills. New opportunities may arise in the working areas, which you have to be ready to take advantage of. In social life, you can make new meetings, which will prove beneficial for you in the future. This day will be good for solving family issues, and you will be able to establish better relations with your close ones. In the field of health, take care of your routine and resort to yoga or meditation to relieve mental stress. Controlling your expenses will be a smart move, as any sudden financial need may arise. Overall, this day is for you to stay positive, just use your insight and energy properly.

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Pisces

Ganesha says it is going to be a positive day for you. Your sensitivity and intuition will flourish today, allowing you to establish better connections between yourself and others. It is time to connect with someone or refresh old memories. Try to communicate with people close to you, as it will strengthen your relationships. In the field of work, your creativity will be cyclical today. If you are working on a project, your ideas will be new and full of innovation. Do not be afraid to share your ideas, it will give you positive feedback from your colleagues. In terms of financial condition, avoid any big investments. Small expenses will prove to be justified but think well before making any big decisions for the long term. In terms of health, focus on a balanced diet and regular exercise. For mental health, practicing meditation or yoga will help keep you stress-free.

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Aquarius

Ganesha says new opportunities are likely to open up for you. You will be in a position to take your creative abilities to new heights. This is the time to share your ideas and make new plans. Your friends and family will support your ideas, so it will be beneficial to take their advice into account. Positive changes are possible in business. This is the right time to work on an important project. You will get an opportunity to use your skills and knowledge properly. But, be careful; in some cases, you will need to control your emotions. In personal life, relationships will deepen. You will try to spend more time with your loved ones. This is a good time for love and companionship. Enjoy emotional moments that will make your relationships stronger. Be health conscious. Dedication to yoga and meditation will give you mental peace. These activities will keep not only your body but also your mind active. Overall, today will be full of possibilities for you. Stay committed to your dreams and work on them.

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Capricorn

Ganesha says your day is full of some new possibilities. You will experience grace and stability in your actions. This is the time to focus on your goals and work with determination to pursue your plans. You are likely to get success in your work, especially if you maintain your hard work and dedication. Positive changes can also be seen in your relationships. You will get a chance to spend time with family and listen to them, which will increase mutual understanding and depth. Focus on communication, as it will make your relationships stronger. However, it is also time to make monthly plans. Take care of your financial matters and try to save. This is the time when you can take concrete steps for your future. Your health condition is likely to remain normal but take some rest. Maintaining a mental balance will be important for you. Stay positive and keep faith in your actions!

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Sagittarius

Ganesha says today will be full of new possibilities and positive energy for you. You will feel a rise in your confidence, which will keep you open to new opportunities. This is the right time to make an important decision. Your spirituality and intuition will be strong, which will enable you to understand and face difficulties. Spending time with friends and family will awaken a sense of happiness and satisfaction in your mind. Relationships with colleagues at work can take a new direction. Cooperation and communication will help solve problems. If you face an obstacle or challenge, remember that you can overcome it. In terms of health, you may need to make a little improvement in your routine. Regular exercise and a balanced diet will give you freshness and energy. Strengthening social relationships and contacting new people will also be beneficial today. This is the time for self-growth and positive change for you, so recognize the energy within you and use it properly.

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Scorpio

Ganesha says today will be full of enthusiasm and energy. You will move towards achieving your goals, and your hard work will pay off. Social life will also be active; you will get a good chance to spend time with friends and family. In terms of health, take a little caution. Focusing on meditation and exercise will help reduce mental stress. This is also a good time to take up a new hobby, which can unleash your creativity. Take wise steps in terms of money. Make informed decisions while investing. For potential financial gains, take a look at past projects again. Your career is showing good signs of progress. Your ideas may be appreciated at the workplace, which will increase your confidence. Still, some issues may require restraint. Overall, today will prove to be positive and auspicious for you. Spend it with pride with your loved ones.

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Libra

Ganesha says today will be a very auspicious and positive day. You will get a chance to clarify your thoughts, which will bring stability to your personal and professional relationships. Your communication skills will increase, and this will open the doors of new possibilities for you. Your creativity and aesthetic sense will be especially strong today. If you are associated with any art or design, your work will be appreciated. This is the right time to express your feelings. If you are confused about a decision, trust your intuition; it will show you the right path. In terms of health, small changes can make your life better. Focus on regular exercise and a balanced diet. In love and relationships, a new understanding will develop, which will strengthen the mutual bond even more. Overall, this day is a sign of positive changes and new beginnings for you. Stay focused on your goals and recognize your inner strengths.

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Virgo

Ganesha says today is a suitable day to highlight your cognitive abilities and business skills. Today, you will be full of clarity and precision in your actions, which will increase your value among your colleagues and superiors. There is a possibility of bringing some changes to your routine, which will bring positive results for you. This is a good time to improve relations with family members. Try to resolve any old disputes, and keep communication open. In terms of health, meditation and yoga will bring mental peace. Also, take some time out of your routine for exercise. From a financial point of view, this is the right time to make a good plan for the right investment. Take a good look at the options available to you and make a wise decision. Overall, today will prove to be a day of new possibilities and positive changes for you. Be full of confidence and stay focused on your goals.

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Leo

Ganesha says today will be a day full of energy and inspiration. Your confidence will increase and your thoughts will come out with clarity. On this day, you will be able to see some new possibilities in your career, which will bring you hard work. Mutual understanding and harmony will increase your relationship, which will create a happy atmosphere among the family. This is a great time to express your thoughts clearly, so do not hesitate to communicate with your partner or friends. It is important to be health conscious, a little exercise and meditation will maintain your mental and physical health. Overall, this day will bring activity and positivity for you, so make the most of all the opportunities!

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Cancer

Ganesha says it will be a day of information and communication for you. Your mind will be full of ideas and you will be able to express your ideas well. There is a possibility of some new opportunities in professional life, which can prove beneficial for you. It is a good time to strengthen relationships with your colleagues, so work together at the workplace. Your emotional state will also be strong. Time spent with family will give you satisfaction. If you have any old problem going on, then the right time is coming to solve it. However, you need to keep your emotions under control, so that you do not get agitated over small things. In terms of health, try to practice yoga and meditation. It will empower you both mentally and physically. Take informed decisions in financial matters; do not rush into any investments. In summary, this day will be all about communication and cooperation, which will lead to positive changes for you.

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Gemini

Ganesha says there will be a new energy and freshness in your thoughts, which will make your personality even more attractive. Social contacts are likely to increase, which will expand your network. You will be inspired to spend blissful time with your friends and family. Some positive changes can also be seen in the business sector. The results of your hard work will gradually start coming, and this will motivate you to move forward. Keep in mind that while sharing your ideology, work with empathy, this will strengthen your relationship with colleagues. It is important to be health conscious. A little attention and relaxation will give you mental freshness. Practicing yoga or meditation will be beneficial for you. This day will be full of positivity and new possibilities for you. Express your mind openly and do not hesitate to adopt new ideas.

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Taurus

Ganesha says it will prove to be a positive day for you, Taurus. You will feel energetic and full of confidence. The time has come to reap the fruits of your hard work and efforts. The workload may stress you for a while, but you will face all the challenges recognizing your strengths. Sweetness will also remain in your relationships. Spending time with your family and friends will be a source of joy for you. Conversation with someone special can give you a new vision and promote mutual understanding. A special occasion may be organized among friends or family, which will bring happiness and harmony to you. Moments spent with loved ones will give you mental peace. It is important to be health conscious. A little exercise or yoga will give peace to your mind and energy to your body. Your day will be full of happiness and positivity, just keep your thoughts and emotions balanced.

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03-06-2026