The funding will support team expansion and strengthen Naxatra’s export footprint as it looks to build motor technology designed and manufactured in India for global markets.Deeptech startup Naxatra Labs has raised $3 million in a pre-Series A funding round led by Rainmatter, the investment arm backed by Zerodha founders. The round also saw participation from a group of angel investors.
Angel investors in the round include Mohit Tandon, Himanshu Aggarwal, Vijay Shekhar Sharma, Aloke Bajpai, and senior executives from companies such as Ather Energy and Neo Assets.
Founded in 2021 to design and manufacture high-efficiency electric motors, Naxatra Labs focuses on applications across electric vehicles and industrial use cases. The company develops motor technology in-house, covering electromagnetic design, validation, and production.
“Naxatra has successfully taken multiple products from R&D to production, and this funding will enable us to accelerate the development of new product lines, expand our team across the organization, and increase our production capacity to 50,000 motors per month,” said Abhilash Maurya, co-founder and CEO at Naxatra.
The funding will also support team expansion and strengthen Naxatra’s export footprint as it looks to build motor technology designed and manufactured in India for global markets.
“At Rainmatter, we’ve been looking closely at deeptech and hardware over the last few years, especially founders solving hard problems from first principles. Naxatra fits that vision perfectly,” said Rainmatter’s Vishvesh Krishna.
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