In a move aimed at supercharging innovation in India’s manufacturing space, early-stage VC firm Capital-A has partnered with deeptech platform SanchiConnect to launch MaXcel — a hands-on accelerator designed for startups and MSMEs building cutting-edge hardware and industrial tech solutions.
MaXcel is tailor-made for founders working in areas like precision engineering, semiconductors, advanced materials, robotics, IoT, and smart factory systems — especially those who already have an MVP, some pilot traction, or early revenue.
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What sets MaXcel apart? Selected startups will get Rs 3 to 4 crore in quick-turnaround capital, with term sheets expected to land within 30 days. The program runs for 24 weeks and includes a focused 12-week go-to-market track, pilot opportunities with corporates, and a global demo day. Founders will also receive one-on-one guidance from veterans across industry and investment.
A Boost for Hardware-Led Startups
For Ankit Kedia, founder and lead investor at Capital-A, MaXcel is as much about timing as it is about potential. “We’re entering an era where the next big ideas won’t be coming from boardrooms — they’ll be coming off factory floors. India’s manufacturing DNA is being rewritten, and we want to help those founders get there faster,” he said.
He added, “With our on-ground experience in industrial ventures, and SanchiConnect’s tight-knit access to the hardware ecosystem, MaXcel is built to deliver not just funding — but real-world momentum.”
Dr. Sunil Shekhawat, Co-founder of SanchiConnect, believes MaXcel represents a fresh approach to hardware acceleration. “For too long, great ideas in deeptech have been stuck in limbo. This is a rethink — we’re creating a launchpad where execution matters as much as innovation,” he said.
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With India pushing to become a global manufacturing hub, MaXcel is designed to be more than just a short-term boost. It’s a serious bet on the people and products that will drive the country’s industrial future.
