January 6th, 2024
India-based energy-tech startup, EMO Energy, has raised $6.2 million in its Series A funding round, led by Subhkam Ventures. This marks a crucial milestone in the company’s efforts to transform EV energy solutions. With participation from notable investors like Microtek Group, SRK Family Office, and Transition VC, the funding underscores growing confidence in EMO Energy’s innovative approach.
Strategic Deployment of Funds
The newly raised funds will be allocated to several strategic areas:
- Scaling EV Solutions: Over the next two years, EMO Energy plans to expand its energy solutions to 1 lakh two- and three-wheelers.
- Energy Storage Deployment: The company aims to roll out 1 GWh of energy storage, addressing the growing urban energy demand.
- Boosting R&D: Funds will strengthen research into their proprietary battery health extension software.
- Expanding the Team: To manage increasing operations, EMO Energy will hire more talent across critical functions.
These investments will help the company meet the rising needs of a rapidly evolving EV ecosystem.
Driving Innovation with Technology
EMO Energy’s focus on innovation is evident in its unique, cell-agnostic battery technology. This technology provides:
- 20-minute fast charging, ideal for urban EV users who need quick turnarounds.
- Enhanced fire safety features, ensuring reliability and user safety.
By prioritizing these aspects, the company is setting new standards for energy solutions in India.
Founders’ Expertise
Founded in 2022 by Sheetanshu Tyagi and Rahul Patel, EMO Energy benefits from their deep industry knowledge. Both founders have previously worked with global EV giants Tesla and Rivian, bringing years of experience in energy systems and technology innovation. Their leadership ensures the company is well-equipped to address the challenges of a growing EV market.
Key Milestones Achieved
Despite being a young company, EMO Energy has already achieved several notable milestones:
- Deployment of over 2,000 battery packs in light electric vehicles, demonstrating the scalability of its solutions.
- Establishment of strategic partnerships with leading OEMs, promoting energy-efficient adoption.
- Successful completion of a $1.2 million seed funding round, led by Transition VC and Gruhas, laying a solid foundation for growth.
These achievements highlight the company’s ability to deliver on its vision.
Vision for the Future
Speaking about the company’s plans, Sheetanshu Tyagi, Co-founder and CEO, said:
“Our mission is to create integrated urban energy solutions by deploying batteries and chargers across energy storage and light mobility. This funding will accelerate our efforts to build a sustainable future.”
With its innovative approach and strong industry backing, EMO Energy is positioned to lead India’s transition to clean energy and sustainable mobility.
