Mumbai-based EV battery manufacturer Neuron Energy has secured ₹31 crore in a pre-Series B funding round, co-led by Equanimity Ventures, the Rajiv Dadlani Group, the Thackersay Family Office and the Chona Family Office. With this, the company’s total funding has reached ₹80 crore, marking a major milestone in its expansion journey.
Expanding Capacity to 3 GWh
The fresh capital will be used to significantly scale Neuron Energy’s production capabilities. The company aims to:
- Increase manufacturing capacity to 3 GWh
- Set up a fully automated facility tailored for EV four-wheelers and buses
- Accelerate domestic market expansion while building a stronger global footprint
Founded in 2018 by Pratik Kamdar, Neuron Energy has quickly grown into a key player in India’s clean mobility ecosystem.
Betting Big on Lithium-Ion and Sodium-Ion Innovation
Neuron Energy currently produces advanced lithium-ion batteries for EVs and is actively building next-generation sodium-ion systems. The company is known for:
- Smart battery management systems (BMS)
- A low-capex, low-opex business model
- Consistent year-on-year revenue growth
The firm expects to reach ₹200 crore in revenue this year, with a target of ₹900+ crore in the coming years.
Strengthening Leadership in India’s EV Transition
Neuron’s upcoming automated plant is expected to reinforce its position in the electric two-wheeler segment while enabling entry into heavier vehicle categories. As competition intensifies with players like Amara Raja, Altigreen and Anchor Electricals, Neuron Energy’s innovation-led approach gives it a strong edge.
