Naxatra Labs Raises USD 3 Million Pre-Series A Led by Rainmatter
bolt Executive Summary
- Naxatra Labs closed USD 3 million in Pre-Series A funding. Rainmatter led the round with several angels joining. The cash will help scale production and push into exports.
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Naxatra Labs closed USD 3 million in Pre-Series A funding. Rainmatter led the round with several angels joining. The cash will help scale production and push into exports.
Funding details: USD 3 million - Pre-Series A (Unspecified)
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Naxatra Labs raised USD 3 million in a Pre-Series A round.
The deal was led by Rainmatter. A group of angel investors took part, including Paytm founder Vijay Shekhar Sharma and Delhivery co-founder Mohit Tandon.
The funds will go toward ramping up production to 50,000 motors per month. They will also support more R&D on new motor types for industrial uses. Part of the money will build the export side and make India a stronger option for these parts.
Vishvesh from Rainmatter said the firm likes founders who tackle hard issues with basic innovation. He added Naxatra fits this well by making key electromagnetic devices fully in India. The team looks set to make a real impact.
Naxatra Labs builds high-efficiency electric motors like axial-flux and radial-flux types. These offer strong torque in small packages for electric vehicles and farm machinery. The company handles everything in-house from design to assembly and operates in India.
Source:- Startup Researcher
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