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Deeptech startup Naxatra Labs has raised $3 million in a pre-Series A funding round led by Rainmatter, with participation from a group of founders, operators, and angel investors. The round saw backing from Mohit Tandon (Delhivery), Himanshu Aggarwal (Aspiring Minds), Vijay Shekhar Sharma (Paytm), Aloke Bajpai (Ixigo), Anupam Jalote (iCEM), Narayan (Ather Energy), and others. The proceeds will be used to expand product lines, strengthen R&D, and scale manufacturing capacity. The firm plans to increase production to 50,000 motors per month while also growing its engineering and operations teams.
It has spent over four years developing its R&D stack and has already moved several products from lab-stage development to commercial production. Naxatra is currently working with multiple domestic customers and is also supplying to export markets. Its motors are used across EV traction and industrial applications, positioning the company within India’s growing energy transition and manufacturing ecosystem.
About Naxatra Labs
Naxatra labs has been founded by Abhilash Maurya (CEO & Co-founder), Arnav Biswas (Co-founder), and Piyush Verma (CTO & Co-founder). Naxatra Labs designs and manufactures high-efficiency electric motors for electric vehicles and industrial use cases. The company builds motors end-to-end, covering electromagnetic design, validation, and manufacturing.