Entellus Industries, India’s first rare earth metals and alloy manufacturing company, has secured ₹50 crore (approximately $5.5 million) in its second funding round, led by ZeroW, a boutique investment firm backed by the Mekapati Family Office, promoters of the KMC Group. ValPro acted as the transaction adviser for the round.

The fresh capital will be deployed towards capex-led expansion, with Entellus set to move into sintered alloy manufacturing while scaling its existing NdPr metal and bonded powder alloy offerings to market. The expansion is expected to support a production capacity of nearly 2,000 tonnes of magnets annually.

Entellus had earlier raised $12 million from Social Capital, which was used to establish its NdPr metal and bonded powder alloy manufacturing facilities in Tamil Nadu. With the latest infusion, the company is strengthening its ambition to build end-to-end rare earth magnet manufacturing capabilities within India.

Commenting on the fundraise, Simha Kumar, CEO of Entellus Industries, said that achieving verifiable technical capability in rare earth metal and alloy manufacturing is a complex challenge and that Entellus is the first company in India to do so at scale. He added that the company aims to leverage this advantage to position India as a global hub for rare earth magnet manufacturing.

The investment comes at a time when global supply chains for rare earths and magnet materials are undergoing structural realignment, intensifying the focus on domestic production of critical materials. Aligned with national initiatives such as Make in India, Entellus’ private-sector, commercially viable approach highlights the growing role of Indian manufacturing in strategically important materials.

Founded in 2022, Entellus Industries focuses on producing NdPr metal, bonded powders, and strip-cast alloys—key inputs for permanent magnets used across electric vehicles, wind energy, defence systems, and advanced electronics. The company is building scalable, globally benchmarked manufacturing operations in India, with a strong emphasis on quality, sustainability, and operational discipline.

Entellus Industries, India’s first rare earth metals and alloy manufacturing company, has secured ₹50 crore (approximately $5.5 million) in its second funding round, led by ZeroW, a boutique investment firm backed by the Mekapati Family Office, promoters of the KMC Group. ValPro acted as the transaction adviser for the round.

The fresh capital will be deployed towards capex-led expansion, with Entellus set to move into sintered alloy manufacturing while scaling its existing NdPr metal and bonded powder alloy offerings to market. The expansion is expected to support a production capacity of nearly 2,000 tonnes of magnets annually.

Entellus had earlier raised $12 million from Social Capital, which was used to establish its NdPr metal and bonded powder alloy manufacturing facilities in Tamil Nadu. With the latest infusion, the company is strengthening its ambition to build end-to-end rare earth magnet manufacturing capabilities within India.

Commenting on the fundraise, Simha Kumar, CEO of Entellus Industries, said that achieving verifiable technical capability in rare earth metal and alloy manufacturing is a complex challenge and that Entellus is the first company in India to do so at scale. He added that the company aims to leverage this advantage to position India as a global hub for rare earth magnet manufacturing.

The investment comes at a time when global supply chains for rare earths and magnet materials are undergoing structural realignment, intensifying the focus on domestic production of critical materials. Aligned with national initiatives such as Make in India, Entellus’ private-sector, commercially viable approach highlights the growing role of Indian manufacturing in strategically important materials.

Founded in 2022, Entellus Industries focuses on producing NdPr metal, bonded powders, and strip-cast alloys—key inputs for permanent magnets used across electric vehicles, wind energy, defence systems, and advanced electronics. The company is building scalable, globally benchmarked manufacturing operations in India, with a strong emphasis on quality, sustainability, and operational discipline.