Ahmedabad-based deeptech startup Naxatra Labs has raised $3 million (around ₹26.8 crore) in a Pre-Series A funding round led by Rainmatter, marking a significant milestone for the company as it scales its indigenous electric motor technology. The round also saw participation from a group of well-known founders, operators, and angel investors from India’s startup ecosystem, underlining growing confidence in domestic hardware innovation.
The funding comes at a time when India is accelerating its push towards electric mobility, clean energy, and local manufacturing. As electric vehicles and industrial electrification gain momentum, startups building core technologies within the country are attracting strong investor interest.
Strong Backing from India’s Startup Leaders
The Pre-Series A round drew participation from several prominent entrepreneurs and industry leaders. Investors included Mohit Tandon of Delhivery, Himanshu Aggarwal of Aspiring Minds, Vijay Shekhar Sharma of Paytm, and Aloke Bajpai of ixigo, along with other experienced operators and executives from the electric mobility and technology sectors.
This diverse investor base is expected to support Naxatra Labs not just financially but also through strategic guidance, market access, and operational expertise. Such backing is especially valuable for deeptech companies, where scaling hardware products requires long-term vision and patient capital.
Building High-Efficiency Electric Motors in India
Founded in 2021 by Abhilash Maurya, Arnav Biswas, and Piyush Verma, Naxatra Labs focuses on the design and manufacturing of high-performance electric motors used across electric vehicles and industrial applications. The startup works on the complete value chain, including electromagnetic design, simulation, validation, and in-house manufacturing.
Over the past few years, the company has invested heavily in research and development to create efficient, reliable, and cost-effective motor solutions. Its products are already being used by domestic customers and have also found acceptance in international markets, reflecting the global relevance of its engineering capabilities.
How the Fresh Capital Will Be Utilised
Naxatra Labs plans to deploy the newly raised capital across multiple growth areas. A significant portion will be invested in strengthening research and development, allowing the company to build next-generation motor platforms tailored for evolving EV and industrial needs.
The startup also aims to scale up its manufacturing operations, with plans to significantly increase monthly production capacity. This expansion will help Naxatra meet rising demand from OEMs and industrial clients while maintaining quality and performance standards.
In addition, the company intends to expand its team across engineering, manufacturing, and business development functions to support faster execution and market expansion.
Aligning with India’s Make-in-India Vision
The investment in Naxatra Labs highlights a broader shift in India’s startup ecosystem, where investors are increasingly backing deeptech companies solving fundamental engineering challenges. Electric motors are a critical component in electric vehicles, appliances, and industrial machinery, and localising this technology is key to reducing import dependence.
With supportive government policies, rising EV adoption, and a growing focus on sustainable manufacturing, companies like Naxatra Labs are well-placed to play a meaningful role in India’s clean energy transition. The fresh funding is expected to accelerate the company’s journey towards becoming a leading player in the electric motor space, while contributing to India’s ambition of becoming a global hub for advanced manufacturing and deeptech innovation.