Deeptech Startup Naxatra Labs Raises $3 Million Pre-Series A to Scale EV Motor Production
Ahmedabad-based Naxatra Labs secures $3 million in Pre-Series A funding to expand production of high-efficiency electric motors.
Key Facts
| Detail | Value |
|---|---|
| Deal size | $3 M |
| Stage | Pre-Series A |
| Headquarters | Ahmedabad, India |
| Sector | Naxatra Labs |
| Coverage | Startup Funding |
Naxatra Labs, an Ahmedabad-based deeptech startup specializing in high-efficiency electric motors, has successfully raised $3 million (approx. Rs 25 crore) in its Pre-Series A funding round.
Technology Focus
Naxatra Labs develops advanced electric motors that offer:
Funding Utilization
The funds will be used to:
Market Opportunity
With India's EV market expected to grow rapidly, indigenous motor manufacturers like Naxatra Labs are well-positioned to capture significant market share.
Reported by Rohit Menon. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
Enjoyed this article?
Get weekly startup insights delivered to your inbox.
Related Articles
Weekly Funding Recap: Indian Startups Raised $506 Million Across 37 Deals (Jul 20 – Jul 24, 2026)
Indian startups closed 37 disclosed deals worth $506 million in the week to July 24, 2026, with electric mobility, travel tech and agentic AI absorbing more than two-thirds of the capital.
Ultraviolette Raises $95 Million Series E to Triple Electric Motorcycle Capacity
Bengaluru-based electric motorcycle maker Ultraviolette raised $95 million in a Series E round to expand manufacturing capacity to 180,000 units a year and accelerate European exports.
Stayflexi Raises $28 Million Series B to Automate Hotel Operations Across India
Hospitality software company Stayflexi raised $28 million in a Series B round to expand its property management and dynamic pricing platform to 20,000 independent hotels across India and Southeast Asia.