Naxatra Labs Secures $3 Million Pre-Series A Funding

Deeptech startup Naxatra Labs has successfully acquired $3 million in a pre-Series A funding round, spearheaded by Rainmatter, along with contributions from a network of founders, operators, and angel investors. This round received support from notable figures such as Mohit Tandon from Delhivery, Himanshu Aggarwal from Aspiring Minds, Vijay Shekhar Sharma from Paytm, Aloke Bajpai from Ixigo, Anupam Jalote from iCEM, Narayan from Ather Energy, among others.

The funds raised will be allocated towards the expansion of product lines, enhancement of research and development efforts, and the scaling of manufacturing capabilities. The company aims to ramp up production to 50,000 motors each month and to bolster its engineering and operations teams.

About Naxatra Labs

Founded in Ahmedabad and operating in Bengaluru, Naxatra Labs is focused on designing and manufacturing high-efficiency electric motors for both electric vehicles and industrial applications. The firm is dedicated to creating motors from start to finish, which includes covering electromagnetic design, validation, and the manufacturing process.

After spending over four years on developing its research and development stack, Naxatra Labs has successfully transitioned several products from laboratory development to commercial production.

Market Presence

Naxatra is actively collaborating with multiple domestic customers and has also begun supplying to international markets. Its motors are utilized in various applications, including EV traction and industrial uses, placing the company at the forefront of India’s evolving energy transition and manufacturing landscape.