InCred Capital launches InCred Black in major UHNI Push

Alok Agrawal, Harmeet Sahney and Zarksis Gotla join as Co-Founders as InCred sharpens and scales its offering for India’s UHNI segment

MUMBAI, India, Aug. 27, 2026 /PRNewswire/ — InCred Capital today announced the launch of InCred Black, a focused proposition for ultra-high-net-worth individuals, entrepreneurs and business families, with Alok Agrawal, Harmeet Sahney and Zarksis Gotla joining as Co-Founders.

InCred Black brings together highly personalised wealth management services and access to capabilities across asset allocation, alternatives, public and private markets, credit, liquidity solutions and global investing – backed by the broader investment, advisory and institutional strengths of InCred Capital and the InCred Group.

Agrawal, Sahney and Gotla are credited with building the wealth business at Avendus over the last 15 years and bring over 80 years of collective experience at firms such as Kotak, Barclays and Credit Suisse, advising some of India’s most prominent UHNI clients. They will play a central role in shaping InCred Black, deepening client relationships and expanding the team as InCred Black scales.

The launch comes on the back of InCred’s substantial Wealth franchise, which has crossed ₹1 lakh crore in AUM and already serves a large UHNI client base. InCred Black extends that foundation with a sharper, more differentiated offering for this segment, while its specialist capabilities, senior talent and access will also strengthen the broader Wealth offering and benefit existing Wealth clients where relevant.

Bhupinder Singh, Founder & Group CEO, InCred, said, “We’ve built a powerful wealth franchise with deep client relationships and significant scale. InCred Black raises the bar further – bringing a sharper proposition, differentiated access and the full capabilities of InCred to our most sophisticated clients, while strengthening the broader wealth management platform.”

Nitin Rao, CEO of InCred Wealth, added, “InCred Black adds further depth to an already strong Wealth franchise. It gives our UHNI relationships greater specialisation, while the talent, ideas and access it brings will strengthen what we can offer clients across the platform.”

InCred Black will continue to add senior bankers and specialist talent as it scales. The ambition is clear – to make InCred the trusted first call for India’s leading UHNI families.

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/C O R R E C T I O N — Avathon/

In the news release, Avathon Establishes AI Center of Excellence in Bangalore, issued 27-Aug-2026 by Avathon over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows:

Avathon Establishes AI Center of Excellence in Bangalore

New center brings together top AI talent to advance the science of Physical AI and build the future of autonomous operations

PLEASANTON, Calif., Aug. 27, 2026 /PRNewswire/ — Avathon, a leader in Autonomy for Operations, today announced the establishment of its AI Center of Excellence (CoE) in Bangalore, reinforcing India’s role at the center of Avathon’s global AI innovation.

The Bangalore CoE will bring together AI scientists, engineers, and technical leaders to advance the science and application of Physical AI, from how knowledge is captured to the development of frontier models for autonomous industrial systems across core markets such as energy, mining and aerospace.

Avathon is building the CoE as a destination for people who want to work at the cutting edge of AI, advancing the science and development across multiple domains and tackling problems that match the complexity of industrial operations—such as supply chains, maintenance, robotics and manufacturing. The center will connect research, engineering, and deployment, with work originating in Bangalore contributing to Avathon’s global platform and customer deployments.

“AI is entering a new era. The question is no longer whether machines can generate information, but whether they can understand the world and turn data into knowledge, reason through its complexity, and take action within it,” said Pervinder Johar, Chief Executive Officer of Avathon. “That is the frontier Avathon is pursuing. We are building the intelligence layer for the physical economy, where AI has to make sense of enormous amounts of data, navigate uncertainty and competing constraints, and continuously learn as the world changes. Bangalore will be central to that mission. We want the best AI researchers and engineers in India working on problems that matter at global scale, turning advances in AI into systems that can reason and operate in the real world. This is not simply an investment in a new center. It is an investment in India’s ability to help shape the future of AI.”

The CoE will set a high bar for technical excellence and bring together Avathon’s leading AI talent. Avathon will continue to invest in Bangalore and attract AI talent from across India as the center expands.

Avathon will also deepen its connections with universities, researchers, and technology organizations in India and around the world, creating an ecosystem that advances AI science and connects new research with real-world deployment.

“India has everything required to become a global center for AI innovation. It has deep technical talent, a world-class research community, and a culture of engineering excellence,” said Dinesh Fatehpuria, Managing Director of Avathon, India. “The opportunity is to bring those strengths together around some of the most important problems in AI. That is what we are building in Bangalore.”

The AI Center of Excellence will make India a global hub for Avathon’s AI innovation, advancing the science and building the intelligence that powers autonomous operations across the industrial economy.

About Avathon

Avathon is a leading AI provider of Autonomy for Operations, bringing Industrial AI into the physical world. The Avathon Autonomy Platform enables organizations to intelligently plan, orchestrate, and execute complex manufacturing, supply chain, and asset management operations by transforming data into knowledge. Designed to scale securely across industrial environments, Avathon improves asset performance and strengthens operational resilience. Learn more at www.avathon.com

Correction: Dinesh Fatehpuria’s name was misspelled.

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Exascend Deploys Advanced Medical-Grade Storage Solutions to Power Next-Generation Healthcare Systems

TAIPEI, Aug. 27, 2026 /PRNewswire/ — Exascend announced the successful deployment of its Medical-Grade Storage Solutions in collaboration with a leading healthcare technology provider, supporting the demanding requirements of next-generation medical systems. The enterprise-grade solution delivers reliable performance, data security, and thermal management for medical devices and healthcare systems where storage reliability is critical to system operation.

Modern medical innovations, including AI-assisted diagnostics, high-resolution medical imaging, and intelligent healthcare applications, demand larger volumes of data and greater storage performance. At the same time, medical devices operate in highly regulated and space-constrained environments that present unique challenges for storage components, including electrostatic discharge (ESD), sustained workloads, thermal constraints, data security, and system reliability.

Engineered for Reliable Performance

Designed to address these challenges, the SE4 Enterprise Series integrates a comprehensive set of technologies to support reliable storage performance in demanding medical applications:

• ESD Protection: Designed to meet rigorous IEC 60601 requirements, the drives provide up to 8kV contact and 15kV air discharge protection, helping safeguard storage components and critical data against electrostatic discharge in clinical environments.
• Adaptive Thermal Control™ (ATC): Intelligently manages thermals up to 85°C to help maintain stable performance in compact, enclosed medical systems where thermal dissipation can be challenging.
• Enterprise-Grade Endurance: Provides a 1 DWPD endurance rating for five years, helping medical device manufacturers address demanding workloads and long service requirements.
• Hardware-Based Data Security: Supports TCG Opal 2.01 and AES-256 hardware-based encryption to help protect sensitive data in healthcare applications.

Proven Performance in Data-Intensive Medical Scenarios

The deployment demonstrates Exascend’s enterprise-grade storage capabilities across a range of healthcare applications, including medical imaging, video streaming consoles, dialysis therapy, and continuous patient monitoring.

In these applications, storage plays a critical role in maintaining consistent system performance and reliable data handling. Exascend’s solution supports sustained workloads in clinical visualization and video applications, while providing the endurance and reliability required for continuous-use systems such as dialysis therapy and patient monitoring.

Exascend’s enterprise-grade storage solutions are engineered to meet the demanding requirements of modern healthcare systems.

About Exascend

Exascend is a market leader in innovative flash storage solutions, delivering enterprise-class, industrial-grade, and customized storage products for demanding applications. With expertise spanning embedded, automotive, industrial, enterprise, and professional applications, Exascend develops storage solutions engineered for performance, reliability, and long-term deployment requirements.

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Avathon Establishes AI Center of Excellence in Bangalore

New center brings together top AI talent to advance the science of Physical AI and build the future of autonomous operations

PLEASANTON, Calif., Aug. 27, 2026 /PRNewswire/ — Avathon, a leader in Autonomy for Operations, today announced the establishment of its AI Center of Excellence (CoE) in Bangalore, reinforcing India’s role at the center of Avathon’s global AI innovation.

The Bangalore CoE will bring together AI scientists, engineers, and technical leaders to advance the science and application of Physical AI, from how knowledge is captured to the development of frontier models for autonomous industrial systems across core markets such as energy, mining and aerospace.

Avathon is building the CoE as a destination for people who want to work at the cutting edge of AI, advancing the science and development across multiple domains and tackling problems that match the complexity of industrial operations—such as supply chains, maintenance, robotics and manufacturing. The center will connect research, engineering, and deployment, with work originating in Bangalore contributing to Avathon’s global platform and customer deployments.

“AI is entering a new era. The question is no longer whether machines can generate information, but whether they can understand the world and turn data into knowledge, reason through its complexity, and take action within it,” said Pervinder Johar, Chief Executive Officer of Avathon. “That is the frontier Avathon is pursuing. We are building the intelligence layer for the physical economy, where AI has to make sense of enormous amounts of data, navigate uncertainty and competing constraints, and continuously learn as the world changes. Bangalore will be central to that mission. We want the best AI researchers and engineers in India working on problems that matter at global scale, turning advances in AI into systems that can reason and operate in the real world. This is not simply an investment in a new center. It is an investment in India’s ability to help shape the future of AI.”

The CoE will set a high bar for technical excellence and bring together Avathon’s leading AI talent. Avathon will continue to invest in Bangalore and attract AI talent from across India as the center expands.

Avathon will also deepen its connections with universities, researchers, and technology organizations in India and around the world, creating an ecosystem that advances AI science and connects new research with real-world deployment.

“India has everything required to become a global center for AI innovation. It has deep technical talent, a world-class research community, and a culture of engineering excellence,” said Dinesh Fathpuria, Managing Director of Avathon, India. “The opportunity is to bring those strengths together around some of the most important problems in AI. That is what we are building in Bangalore.”

The AI Center of Excellence will make India a global hub for Avathon’s AI innovation, advancing the science and building the intelligence that powers autonomous operations across the industrial economy.

About Avathon

Avathon is a leading AI provider of Autonomy for Operations, bringing Industrial AI into the physical world. The Avathon Autonomy Platform enables organizations to intelligently plan, orchestrate, and execute complex manufacturing, supply chain, and asset management operations by transforming data into knowledge. Designed to scale securely across industrial environments, Avathon improves asset performance and strengthens operational resilience. Learn more at www.avathon.com

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Lead Intelligent Redefines Large-Scale Energy Storage Battery Manufacturing with Its Integrated Assembly Line Solution

WUXI, China, Aug. 27, 2026 /PRNewswire/ — As the global energy storage industry accelerates toward the TWh era, the rapid adoption of 500 Ah+ and even 1000 Ah+ large-format energy storage cells is reshaping the competitive landscape.

While larger cell formats deliver higher energy density and lower system costs, they also introduce significantly greater manufacturing challenges—from heavy-duty material handling and high-precision positioning to welding consistency and hermetic sealing. Conventional production lines, built around stand-alone equipment and incremental process optimization, are increasingly unable to balance productivity, yield, and cost, let alone meet the stringent requirements for stability, consistency, and manufacturing flexibility in large-scale production.

Built on 100% proprietary technologies and extensive experience in turnkey production line delivery, Lead Intelligent has launched its Integrated Assembly Line Solution for Large-Format Energy Storage Batteries. By deeply integrating manufacturing processes, intelligent equipment, logistics systems, and digital technologies, the solution establishes a new benchmark for efficiency, quality, and scalable production.

• Simplifying the Production Line, Maximizing Manufacturing Efficiency

Moving beyond the fragmented layout of conventional production lines, Lead Intelligent adopts an integrated process architecture that consolidates multiple manufacturing operations into a unified production system. By reengineering the entire production workflow—from factory layout and material flow to operational management—the solution unlocks substantial gains in efficiency and productivity.

Optimized Factory Footprint and Asset Utilization

The integrated line reduces production floor space by 20% while decreasing the number of equipment units by 20%, maximizing factory utilization and significantly lowering capital investment.

Safer and More Efficient Material Flow

By reducing single-cell handling operations by 43% and utilizing multifunctional fixtures throughout the production process, the solution minimizes cell transfer risks and significantly lowers the likelihood of product damage during manufacturing.

Lifecycle Operational Efficiency

Combined with intelligent power management and predictive maintenance systems, the solution reduces energy consumption and minimizes unplanned downtime, extending productivity gains across the entire lifecycle of the production line.

• Core Technologies Delivering High-Quality Manufacturing

The Integrated Assembly Line Solution covers the complete manufacturing process for large-format energy storage batteries, including hot pressing, tab folding inspection, X-ray alignment inspection, X-ray foreign object detection, cell pairing, ultrasonic welding, laser welding, and helium leak testing.

Designed in accordance with automotive-grade manufacturing standards, the production line achieves cleanliness levels of up to ISO Class 5 at critical process stations, providing a highly controlled manufacturing environment for stable, high-volume production.

Drawing on years of expertise in lithium-ion battery manufacturing, Lead Intelligent continues to advance core process technologies to address the key challenges associated with assembling next-generation large-format energy storage cells.

High-Power Ultrasonic Welding Technology

The solution enables single-pass formation of extra-large welds, meeting the high-current requirements of multi-layer electrode tabs while eliminating the tab tearing risks commonly associated with secondary welding overlap.

Anti-Tab Tearing Process

Applied across ultrasonic welding, taping, and cell folding, this proprietary technology effectively resolves one of the industry’s most persistent challenges—tab tearing in large-format energy storage cells.

High-Precision Tab Forming Technology

By ensuring precise tab shaping before assembly, the process eliminates the risk of internal tab interference that can lead to cell short circuits, significantly improving structural integrity and operational safety.

Optimized Lid-to-Can Welding Solution

Enhanced weld-spatter extraction and improved welding reference consistency enable outstanding process stability, achieving a first-pass welding yield of at least 99.5% and a final production yield exceeding 99.9%.

• End-to-End Collaboration That Delivers Scalable Manufacturing

Built on a unified process architecture, standardized interfaces, and an integrated data framework, Lead Intelligent seamlessly connects production equipment, intelligent logistics, MES, and quality management systems into a fully coordinated manufacturing ecosystem. The result is an end-to-end solution that supports customers throughout the entire production lifecycle—from commissioning to stable mass production.

Complete Process Visibility

Real-time synchronization of process parameters and full production traceability ensure stable manufacturing performance. The integrated production line achieves an Overall Equipment Effectiveness (OEE) of over 80% while delivering an overall production yield exceeding 99%.

Flexible Compatibility Across Cell Formats

The solution supports rapid changeovers for the full range of 300 Ah+ to 1000 Ah+ large-format battery cells, enabling manufacturers to respond efficiently to current production requirements while providing the flexibility to accommodate future cell technology upgrades.

Proven Large-Scale Delivery Capability

Backed by more than 600 GWh of cumulative energy storage production line orders, Lead Intelligent has maintained the industry’s leading shipment volume for prismatic large-format energy storage battery production lines. Its proven expertise in large-scale turnkey delivery and global project execution provides customers with a reliable foundation for long-term manufacturing success.

Moving beyond optimizing individual machines to optimizing the entire production line is becoming essential as the energy storage industry enters the TWh era. End-to-end manufacturing integration is not only the key to reducing production costs and improving operational efficiency, but also a critical enabler of high-quality, sustainable industrial growth.

Looking ahead, Lead Intelligent will continue to leverage its fully proprietary technology portfolio, comprehensive turnkey delivery capabilities, and lifecycle service network to help customers accelerate capacity deployment and technology upgrades worldwide. Together with partners across the industry, the company is committed to building a safer, more efficient, and lower-carbon manufacturing ecosystem that supports the transition toward a net-zero energy future.

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