Naxatra Labs Bags $3 Mn To Accelerate EV Motor Production

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SUMMARY

Naxatra is planning to develop new product lines by deepening its R&D efforts, expand into new high-growth motor applications

The company designs and manufactures high-efficiency electric motors for electric vehicles (EVs) and industrial applications

It had raised an undisclosed amount in a seed funding round in December last year, led by GVFL

EV motors manufacturer Naxatra Labs has raised $3 Mn (INR 26.86 Cr) in a Pre-Series A round led by Zerodha’s Rainmatter. Besides, angel investors like Vijay Shekhar Sharma…



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Naxatra Labs Bags $3 Mn To Accelerate EV Motor Production


SUMMARY

Naxatra is planning to develop new product lines by deepening its R&D efforts, expand into new high-growth motor applications

The company designs and manufactures high-efficiency electric motors for electric vehicles (EVs) and industrial applications

It had raised an undisclosed amount in a seed funding round in December last year, led by GVFL

EV motors manufacturer Naxatra Labs has raised $3 Mn (INR 26.86 Cr) in a Pre-Series A round led by Zerodha’s Rainmatter. Besides, angel investors like Vijay Shekhar Sharma…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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