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EMO Energy raises $6.2 Mn in Series A round

EntrackrEntrackr · 6m ago
EMO Energy raises $6.2 Mn in Series A round
Medial

Snippets EMO Energy raises $6.2 Mn in Series A round Energy-tech startup EMO Energy has raised $6.2 million in its Series A funding round, led by Subhkam Ventures along with participation from the existing investor, Transition VC. The Bengaluru-based company had previously raised $1.43 million from Sat Industries and others. The proceeds will be utilized to scale its 2 and 3 wheeler energy solution to over 1 lakh vehicles over the next two years, strengthen its R&D capabilities, and expand the team to meet growing operational demands, EMO Energy said in a press release. Co-founded in 2022 by Sheetanshu Tyagi and Rahul Patel, EMO Energy is a deep energy-tech startup focused on enabling mass EV adoption and decarbonizing urban energy. Its proprietary technology stack, ZEN, provides ultra-fast 20-minute charging, fireproof designs, and over 3000 charging cycles, making it a benchmark in safety, efficiency, and performance. The company’s battery systems are designed for electric two- and three-wheelers, commercial vehicles, and large-scale energy storage, with applications across multiple industries. According to EMO Energy, it aims to empower the urban energy landscape through its advanced battery software and hardware. Its patented technology, ZEN, comprises an AI battery management system, active thermal management, and machine learning battery life extension algorithms, which can cater to mobility and energy storage, unlocking a multi-billion-dollar addressable market across electric two-wheelers, light commercial vehicles, and industrial green energy storage systems. Over the last 12 months, EMO states that it has forged critical high-volume partnerships across major OEMs and is now well-equipped to scale from 2 to 2000 kWh. It is creating an ecosystem where dark stores and commercial establishments will have EMO-enabled delivery vehicles powered by its fast chargers and energy storage systems, all managed by an integrated energy management software. EMO Energy claims that it has already deployed over 2,000 battery packs in the mobility segment and is executing production-ready pilots for ESS aimed at providing peak shaving/backup and replacing diesel generators in industrial and commercial settings. Some of the startup’s clients include Kinetic Green, BigBasket, Domino’s, and Blinkit.

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EV startup Kazam raises $6.2 Mn from IFC, Vertex and Avaana Capital

EntrackrEntrackr · 1m ago
EV startup Kazam raises $6.2 Mn from IFC, Vertex and Avaana Capital
Medial

EV startup Kazam raises $6.2 Mn from IFC, Vertex, and Avaana Capital Bengaluru-based EV energy-tech platform Kazam has raised $6.2 million in Series B funding from the International Finance Corporation (IFC), along with existing investors Vertex Ventures Southeast Asia & India and Avaana Capital. This round takes Kazam’s total capital raised to $19.2 million, including $13 million in equity from previous rounds led by Avaana Capital, Vertex Ventures, and Chakra Ventures. The investment will fuel Kazam’s expansion across markets with its energy transition tools to accelerate adoption of sustainable mobility, the company said in a press release. Founded in 2020 by Akshay Shekhar and Vaibhav Tyagi, Kazam is building a device-agnostic digital infrastructure platform that enables EV charging and battery-swapping operators, vehicle OEMs, fleets, and power utilities to manage and analyze charging assets. Kazam’s platform claims to have onboarded over 68,000 chargers and facilitated over 5 million charging sessions. The firm also saw its revenue grow 4X from $1.5 million in FY24 to $6 million in FY25 and is targeting $12 million in revenue with EBITDA positivity this fiscal. Kazam works with the likes of BigBasket, Zypp, Mahindra, Bajaj, Ather, TVS, Hero MotoCorp, and Ultraviolette.

Transition VC leads $1.7 Mn round in Dynolt Technologies

EntrackrEntrackr · 5m ago
Transition VC leads $1.7 Mn round in Dynolt Technologies
Medial

Transition VC leads $1.7 Mn round in Dynolt Technologies Deeptech startup Dynolt Technologies has raised $1.7 million in its seed round led by Transition VC. Marquee angel investor Yashowardhan Shah also participated in the round. The proceeds will be used to expand its footprint in mobility through higher power chargers with wide bandgap semiconductors for fast charging stations. It also plans to enter new sectors like solar and hydrogen with its solutions for high frequency inverters and DC-DC converters application. Founded in 2022 by Rajesh Sura and Teja Kumar, Dynolt develops power electronics solutions for clean energy sectors such as e-mobility, energy storage, renewables, and hydrogen. In the e-mobility space, Dynolt claims to have deployed more than 14,000 power converters across the country which have collectively surpassed more than 30 million charging cycles. It enables efficient control of the power converters using embedded software and makes Dynolt’s products scalable and reusable across various domains expediting product development cycles. The Bengaluru-based startup’s clients include EMO Energy, Sandhar, Bounce, International Battery Company, Numeros Motors, Yulu, Yuma Energy, and River, which have adopted the company’s solutions at scale. The firm’s current product line includes power converters for on-board/off-board chargers for two- and three-wheeler EVs and swapping stations.

Exclusive: Ather Energy raises $34.5 Mn; co-founders invest over $10 Mn

EntrackrEntrackr · 1y ago
Exclusive: Ather Energy raises $34.5 Mn; co-founders invest over $10 Mn
Medial

Electric scooter maker Ather Energy has raised Rs 286 crore or $34.5 million through debt and equity. This is the first round of investment for the Bengaluru-based company this year. Stride Ventures invested Rs 200 crore via debentures while co-founders of the company Tarun Sanjay Mehta and Swapnil Babanlal Jain pumped in Rs 43.28 crore each via Series F preference shares, its regulatory filings accessed from the Registrar of Companies show. Ather Energy raised its second-largest funding worth Rs 900 crore ($108 million) from existing investors Hero MotoCorp and GIC through right issue in December last year. In the same month, Hero MotoCorp also acquired an additional 3% stake in Ather for Rs 140 crore (approximately $16.8 million). Recently, a media report said that Ather is in talks to raise $95 million in a pre IPO round. Another report added that Ather’s existing backer Sachin Bansal has sold a significant portion of his stake in the company to Zerodha’s co-founder Nikhil Kamath. As per TheKredible, Ather was valued at $750 million during the Series E round in May 2022. However, it has not disclosed its valuation since then. It’s likely to get unicorn status in the upcoming round. Ather has raised around $450 million to date. According to the startup data intelligence platform TheKredible, Hero MotoCorp is the largest external stakeholder followed by Sachin Bansal, Caladium Investment, and Tiger Global. Ather’s revenue from operations surged 4.36X to Rs 1,784 crore in FY23 while its losses spiked 2.5X to Rs 864.5 crore in the same period. The company is yet to file its financial results for FY24. Electric two-wheelers saw a 50% drop in overall sales in April when compared to March. Ather Energy, which sold 17,000 units in March, saw 4,000 units sold in April. Ola Electric sold over 33,000 units, contributing about 50% to the overall sales in the last month.

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures

EntrackrEntrackr · 2m ago
Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures
Medial

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact. Shashank Pathak 05 May 2025 11:12 IST Follow Us New Update Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact, Supermorpheus, and returning investor Cocoon Capital have also participated. The total funding raised by the Bengaluru-based startup now stands at $4.02 million. The proceeds will be used to scale up manufacturing and expand its team. Founded in 2019 by Animesh Kumar Jha, Volt14 focuses on developing silicon-based anode materials for lithium-ion batteries. It has also developed an in-house cylindrical battery cell format demonstrating energy density enabled by its silicon anode. Volt14 claims that its technology increases silicon content in anodes while maintaining performance levels and is currently being evaluated by multiple battery cell manufacturers. According to market research, the lithium-ion battery sector is projected to exceed $300 billion by 2034, driven by electric vehicle adoption and energy storage expansion. Blume Ventures, the lead investor in this round, is also one of the early backers of Battery Smart, which is the most funded startup in the space.

Electric Vehicle financing firm Mufin Green raises $5 Mn

EntrackrEntrackr · 1y ago
Electric Vehicle financing firm Mufin Green raises $5 Mn
Medial

Electric vehicle financing platform Mufin Green Finance has raised $5 million in a debt funding round led by BlueOrchard. Last month, Mufin raised Rs 140 crore (approximately $17 million) in a Series B round of equity funding, on top of Rs 530 crore raised in debt funding, last financial year. The funds will be utilised to propel its initiatives in the green and energy space, driving innovation, and facilitating sustainable development, Mufin said in a press release. Founded in 2016 by Kapil Garg, Mufin Green Finance provides financing options for EVs across two, three and four-wheelers. With a presence in 16 states across India, it has financed EVs worth over Rs 350 crore to date. Mufin claims to have recorded a 12-fold growth in just two years. The AUM for Mufin Green Finance stood at Rs 502 crore as of December 2023 and the company is expecting to close FY24 with an AUM of Rs 650-700 crore. In the electric vehicle financing space, Muffin competes with Revfin, Finayo, Vidyut, OTO, evfin, and Hero FinCorp, among others. Recently, Revfin raised $14 million in a Series B round led by Omidyar Network.

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