KOTA, India, April 16, 2025 /PRNewswire/ — What if your next battery didn’t catch fire, didn’t use lithium, and could operate between -40°C cold to 60°C heat without breaking a sweat?

In a landmark move for India’s energy sector, Indexel Engineering, a family-owned EPC firm based in Rajasthan, has partnered with UNIGRID, a U.S.-based battery tech innovator, to secure 50 MWh of advanced sodium-ion batteries, making Indexel one of India’s first movers in sodium-ion BESS deployment.

The new battery systems will be deployed across industrial hubs, renewable integration projects, and microgrid applications, addressing India’s need for cost-effective, thermally stable, and safe energy storage alternatives.

“We’re thrilled to have UNIGRID as our technology partner,” said Anushka Singhal, Energy Division Lead at Indexel, IONS. “Sodium-ion batteries are safer, cheaper, and better suited for our climatic conditions, this partnership accelerates our vision of resilient and clean energy for all.”

Unlike lithium-ion, these sodium-ion batteries are non-flammable, perform better in high and low temperatures, and utilizes abundant raw materials, making them a safer, more cost-effective, and sustainable solution for India’s energy storage needs.

“India is one of the world’s most dynamic energy markets and offers many opportunities for new energy technology adoption. We are excited to partner with Indexel Engineering to expand the reach of our sodium-ion technology in this impressive and innovative region” said Darren H. S. Tan, Co-Founder & CEO of UNIGRID.

The first installations will begin in H2 2025, with a focus on Rajasthan, Gujarat, Maharashtra and other western states.

About Indexel Engineering

Indexel Engineering is a premier EPC solutions provider with over 25 years of experience in automation, electrical, and industrial solutions. Indexel has launched IONS, its energy division focused on next-generation storage technologies. Learn more at https://ionsenergy.com

For inquiries, please contact

Indexel Engineering Pvt. Ltd.

Website: https://ieepl.com

Energy Division: https://ionsenergy.com

Contact: ions.energy@ieepl.com 

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SOURCE UNIGRID; Indexel Engineering

Strategic alliance combines Fairexpay’s digital innovation with RemitX’s remittance expertise to deliver seamless international payment experiences

BANGALORE, India, April 16, 2025 /PRNewswire/ — Fairexpay, a pioneer in digital payment solutions, today announced a strategic partnership with RemitX, a division of Capital India Finance Limited and a leading player in the foreign exchange and remittance industry. This collaboration marks a significant milestone in revolutionizing the way Indians manage their cross-border financial transactions.

The partnership establishes RemitX as an AD-II (Authorized Dealer Category II) partner that will process Liberalized Remittance Scheme (LRS) remittances initiated through Fairexpay’s digital platform. This synergy enables Fairexpay customers to benefit from RemitX’s processing capabilities while enjoying Fairexpay’s innovative digital experience.

“I am thrilled to announce our strategic partnership with RemitX, a leading name in the foreign exchange and remittance industry,” said Bhaskar Saravana, CEO of Fairexpay. “Together, we aim to simplify and enhance the way individuals and businesses manage international transactions, offering lower FX costs, faster processing, and seamless digital experiences. This collaboration underscores our shared vision of making global remittances more accessible, transparent, and efficient.”

Transforming India’s Remittance Landscape with Digital Innovation

India’s LRS market has grown significantly, with outward remittances reaching ₹2.6 lakh crore in FY 2023-24, showing a remarkable 41% increase from the previous year. This growth highlights the rising demand for efficient cross-border payment solutions among Indian customers.

Fairexpay addresses this demand through its comprehensive digital platform offering:

Multiple Digital Payment Options: Seamless transactions through UPI, net banking, and card paymentsDigital KYC: Paperless customer verification that eliminates traditional documentation hasslesPayer & Beneficiary Validation: Advanced verification systems ensuring transaction securityReal-Time Transaction Tracking: Full visibility into payment status at every stage

This partnership comes at a time when UPI transactions in India have reached unprecedented levels, processing over 10 billion transactions monthly, demonstrating the country’s rapid shift toward digital financial solutions.

Ravindran Menon, CEO of Capital India Finance Limited – RemitX, expressed his enthusiasm about the partnership: “Partnering with Fairexpay has been one of the best decisions for our business. Their expertise in online solutions to their partners perfectly complements our strengths, allowing us to grow faster and to serve the net-savvy customers better. Our collaboration has been built on trust, transparency, and a shared vision for success. We have tackled challenges to find solutions together, and we are looking forward to continued success along with Fairexpay.”

Meeting Critical Market Needs for Students and Emigrants

The alliance is particularly focused on addressing the needs of Indian students studying abroad and emigrants, who require reliable, cost-effective means to manage tuition payments, living expenses, and family support. With over 1.3 million Indian students studying overseas and significant emigration flows, this partnership directly addresses a crucial market segment’s financial needs.

“The shift from traditional money transfers to direct bill payments is bringing real, measurable benefits to Indians worldwide,” noted Saravana. “Our platform eliminates multiple currency conversions and reduces transfer fees that have long eaten into hard-earned money, providing students and working professionals abroad with greater control and visibility over their finances.”

About Fairexpay:

Fairexpay is a leading financial technology company specializing in digital payment solutions that enable seamless, secure, and cost-effective cross-border transactions. With a focus on innovation and customer experience, Fairexpay is committed to breaking down barriers in international finance through its state-of-the-art digital platform.

About RemitX:

RemitX, a division of Capital India Finance Limited, is a trusted name in the foreign exchange and remittance industry. Authorized by the Reserve Bank of India, RemitX offers a wide range of services including outward remittances under the Liberalized Remittance Scheme (LRS), ensuring compliance with regulatory requirements while delivering exceptional customer service.

Media Contact:
Ankit Som, Head – Partnerships
ankit.som@fairexpay.com
+919611092116
https://www.fairexpay.com/

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Real-Time, 360-Degree Imaging Enhances Precision and Confidence in Cardiac Procedures

DUBLIN, April 16, 2025 /PRNewswire/ — LUMA Vision Ltd., an innovative leader in advanced cardiac imaging and navigation, today announced the FDA clearance of its VERAFEYE™ Visualization Platform. This novel catheter-based imaging system provides real-time, two and four-dimensional, 360-degree visualization, significantly enhancing clinician precision and confidence during complex electrophysiology and structural heart procedures. The system is prepared for magnetic tracking and navigation of third-party catheters, which in the future, will further empower clinicians to perform complex procedures with greater precision and control.

The VERAFEYE system combines state-of-the-art imaging technology with advanced digital maneuverability, enabling clinicians to capture highly detailed, four-dimensional images that update in real time. With imaging depths up to 120 mm away from the catheter, it allows for dynamic high-resolution navigation and visualization of the heart, crucial to performing today’s advanced electrophysiology and structural heart procedures with a wide variety of technologies. Traditional imaging catheters provide only two-dimensional imaging, often limiting clinicians’ ability to view cardiac anatomy from all angles during procedures. The VERAFEYE catheter introduces a new era of intracardiac imaging, allowing for comprehensive, 360-degree visualization with enhanced depth and clarity.

“Our clinical experience with VERAFEYE is exciting, with the potential to simplify procedural workflow and efficiency,” said Dr. Shephal Doshi, Director of Electrophysiology at Pacific Heart Institute/Cedars Sinai and investigator of the VERAFEYE system. “Real-time visualization and rapid creation of cardiac anatomy can facilitate de novo procedures with greater simplicity.”

Fionn Lahart, CEO, at LUMA Vision, expressed excitement about the technology’s potential: “We are incredibly proud of this achievement and the potential impact VERAFEYE will have in areas such as cardiac arrhythmias, left atrial appendage closure and structural heart. Our team and partners have worked tirelessly alongside clinicians to develop a product that can be the future of cardiac navigation, and this FDA clearance is a testament to their dedication and expertise. We look forward to seeing the positive difference VERAFEYE will make in the lives of patients and healthcare providers alike”.

The successful approval of the VERAFEYE system and catheter represents a significant step toward improving procedural workflows and broadening the potential for many of the innovative technologies that need precise visualization to deliver effective treatment. By providing real-time, volumetric images of the heart in combination with magnetic navigation, the interactive visualization of the VERAFEYE system enables clinicians to make more informed decisions, potentially reducing procedure time and minimizing risks.

“The approval of VERAFEYE is a major advancement in intraprocedural cardiac imaging,” said Dr. Anish Amin, System Medical Chief for Cardiac Electrophysiology, OhioHealth Heart and Vascular. “VERAFEYE’s imaging capabilities demonstrate a necessary path forward in precision imaging and a strong foundation to further advance the standard of care.”

About LUMA Vision
LUMA Vision is a privately held, medical device company based in Dublin, Ireland and Munich, Germany. LUMA Vision designs and develops cutting edge innovative technologies to significantly advance healthcare and solve truly global unmet clinical needs. VERAFEYE™ is a novel ultrasound based cardiac visualization and navigation platform for generating a 360-degree view, navigating and imaging all structures and devices around the catheter with an unprecedented field of view. With a commitment to advancing patient care, LUMA Vision focuses on delivering groundbreaking products that enhance clinical outcomes and improve lives around the world. LUMA Vision was founded by CEO Fionn Lahart and CTO Christoph Hennersperger. Learn more about LUMA Vision and VERAFEYE at www.lumavision.com

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SOURCE LUMA Vision