Funding Boosts Indigenous Motor Innovation
Naxatra Labs clinched $3 million (INR 26.86 Cr) in Pre-Series A funding led by Rainmatter, with key backers including Vijay Shekhar Sharma of Paytm, Mohit Tandon of Delhivery, and Narayan from Ather Energy. The Ahmedabad startup designs high-efficiency axial and radial flux motors for EVs like scooters and bikes, plus industrial applications. Investors praise its first-principles approach to electromagnetic design and manufacturing.
Proven Tech Transitions to Production
Over four years, Naxatra built end-to-end capabilities, moving multiple products from R&D to market. Motors deliver 10% higher efficiency and 20% less weight than competitors, suiting India’s roads and climate. The company already supplies domestic customers and exports, cementing its role in electrification.
Expansion Targets Global Competitiveness
Funds will deepen R&D, launch new lines for agriculture and industry, and ramp capacity to 50,000 motors monthly. CEO Abhilash Maurya eyes team growth in engineering and operations amid EV demand surge. Himanshu Aggarwal calls it a top energy transition bet.
