IIT-backed Noida-based startup receives order from Tesla, to provide portable invertersdetails here

Oxy Neuron India Pvt Ltd, incubated at the Startup Innovation and Incubation Centre (SIIC) situated at IIT Kanpur, said on Tuesday that it has bagged its first order of 'Magic Box Smart Inverter' from Tesla Power USA.

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Update: Oxy Neuron India Pvt Ltd has clarified that they have bagged portable inverters order from Tesla Power USA and not Tesla Inc. 

Tesla has placed a bulk order for portable inverters with a Noida-based startup, possibly making first of such deals in the country. Oxy Neuron India Pvt Ltd, incubated at the Startup Innovation and Incubation Centre (SIIC) situated at IIT Kanpur, said on Tuesday that it has bagged its first order of 'Magic Box Smart Inverter' from Tesla India. It later clarified that the order has been received from Tesla Power USA and not Tesla Inc. 

The 'Magic Box Smart Inverter' starts at Rs 25,000 and comes in three models of 1KW, 2KW and 3 KW units, claiming to give almost double-battery backup. "We have received our first order of Magic Box Inverter from Tesla India. The government's support to startups is a boost for startups like ours to develop more and more innovative products," said E.R. Ashutosh Verma, Founder of Oxy Neuron.

"The inverter is expected to solve the issue of electricity backup in rural India," he added. The inverter is an Internet of Things (IoT) device that can be managed from a mobile app. It claims the 15-year battery life with the 5-year replaceable guarantee.

"We are thrilled to be part of such innovation which is on way to revamp and begin a new phase in rural India," said Vikash Prakash from IIT Kanpur's SIIC. Oxy Neuron India has innovated solar, oxygen, hydrogen and nitrogen-based original medical and agricultural products in collaboration with Exalta India.