Entellus Industries Secures Rs 50 Crore in Funding

Entellus Industries, located in Chennai, has successfully raised Rs 50 crore (approximately $5.5 million) in its second funding round, led by ZeroW. Previously, Entellus secured $12 million from Silicon Valley’s Social Capital to establish plants for NdPr metal and bonded powder alloys. The funds will primarily focus on capital expenditures aimed at expanding Entellus’ manufacturing abilities into sintered alloys and commercialising its current rare earth products. Through this expansion, the company anticipates that it will support an annual production capacity of around 2,000 tonnes of magnets.

About Entellus Industries

Founded in 2022, Entellus specializes in manufacturing rare earth metals and alloys, which includes neodymium-praseodymium (NdPr) metal, bonded powders, and strip-cast alloys. These materials serve as essential components for permanent magnets that are utilised in electric vehicles, wind energy systems, defence technologies, and advanced electronics. The company is in the process of establishing its manufacturing operations in Tamil Nadu.

ZeroW and Its Backing

ZeroW is supported by the Mekapati Family Office, which is affiliated with the KMC Group, recognised as one of India’s largest infrastructure conglomerates. The firm is known for investing in deep-tech and emerging sectors.