Energy-tech startup, EMO Energy has raised $6.2 million in its Series A funding round, led by Subhkam Ventures. The round has also seen participation from new and existing investors such as Microtek Group, SRK Family Office, and Transition VC.
The company plans to deploy the new funds to scale its 2- and 3-wheeler energy solution to over 1 lakh vehicles over the next two years while advancing the deployment of 1 GWh of energy storage. The funds will also be used to strengthen the company’s R&D capabilities for its battery health extension software and expand its team to meet growing operational demands.
Founded in 2022 by Sheetanshu Tyagi and Rahul Patel, who have worked with Tesla and Ather, ZEN offers battery packs for light electric vehicles (EVs) using its proprietary cell-agnostic technology. Among other features, ZEN provides fire safety and 20-minute fast charging.
“Our focus is to create an integrated urban energy solution by deploying batteries and chargers in energy storage and light mobility. Over the last 12 months, EMO has forged partnerships across major OEM’s, and with the infusion of capital, we are now well-equipped to scale from 2 to 2000 kWh,” said Sheetanshu Tyagi, Co-founder & CEO of EMO Energy. “This funding will have an impact on sustainable solutions for the future of clean energy,” he added.
The company had earlier raised $1.2 million in a seed funding round led by Transition VC and co-led by venture capital firm Gruhas.
(with inputs from BL intern Shrabani Chakraborty)
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