EMO Energy Secures Rs 59 Crore in Funding

EMO Energy has successfully obtained Rs 59 crore ($6.2 million) during a pre-Series B funding round, led by Raghav Capital. Other participants include Maiuni Ventures LLP, Transition VC, NKA Resources, and MMG Realtech Private Limited. This Bengaluru-based startup had earlier raised $6.2 million in a Series A funding round, which was coordinated by Subhkam Ventures, with contributions from Transition VC in January of the previous year.

Details of the Funding Round

The board of EMO Energy has sanctioned the issuance of 2,048 pre-Series B compulsory convertible preference shares (CCPS) in two tranches, priced at Rs 2.89 lakh per share, to reach the total amount raised, as per regulatory documents reviewed by Startup Superb. Raghav Capital contributed Rs 24 crore in this funding round, while Maiuni Ventures LLP followed closely with Rs 20 crore. Transition VC, a current investor, put in Rs 6.5 crore, with NKA Resources and MMG Realtech Private Limited investing Rs 3.61 crore and Rs 5 crore, respectively.

Valuation and Future Plans

Startup Superb estimates imply that this funding has boosted EMO Energy’s valuation to Rs 860 crore (approximately $90 million) post-money, marking a significant 4.3X increase from its Series A valuation of Rs 202 crore. The funds raised will primarily support working capital needs, capital investments, and expansion initiatives.

About EMO Energy

Founded in 2022 by Sheetanshu Tyagi and Rahul Patel, EMO Energy specializes in developing AI-driven battery systems intended for electric mobility and energy storage. Its innovative ZEN platform brings together battery management, thermal control, and rapid-charging technologies to improve the safety, efficiency, and durability of electric vehicle batteries. The startup serves various sectors within the EV ecosystem, focusing on two-wheelers, commercial vehicles, and energy storage.

Investor Dynamics

With the recent allocation, Transition VC continues to hold the largest external share with an 11.63% interest. New investor Raghav Capital possesses a 2.79% stake, while Maiuni Ventures LLP, MMG Realtech Private Limited, and NKA Resources own 2.33%, 0.58%, and 0.42%, respectively. Co-founders Sheetanshu Tyagi and Rahul Patel retain the largest individual shares at 16.79% each.

Financial Performance

EMO Energy has yet to submit its financial reports for FY26. In FY25, the company’s operating revenue surged by 2.9X, reaching Rs 14.42 crore compared to Rs 4.98 crore in FY24. However, losses rose by 48%, increasing from Rs 4.85 crore to Rs 7.17 crore during the same timeframe.