Deeptech startup Naxatra Labs has raised $3 million in a Pre-Series A round led by Nithin Kamath-led Rainmatter. The funding comes at a time when India’s EV and industrial electrification push is increasing demand for locally designed motor technology and reducing dependence on imports.
The round saw participation from founders and operators including Mohit Tandon of Delhivery, Himanshu Aggarwal of Aspiring Minds, Vijay Shekhar Sharma of Paytm, Aloke Bajpai of Ixigo, Anupam Jalote of iCEM, and Narayan from Ather Energy, among others.
With the new capital infusion, Naxatra Labs plans to deepen its R&D efforts, expand into new high-growth motor applications, scale manufacturing capacity, and strengthen its export footprint.
Rainmatter said it backed the company for its focus on solving core engineering problems in traction and electromagnetic systems and for building motor technology that is designed and manufactured in India.
"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 Vishvesh Krishna, Investment Analyst at Rainmatter.
Founded in Ahmedabad by Abhilash Maurya, Arnav Biswas, and Piyush Verma Naxatra Labs designs and manufactures high-efficiency electric motors for EVs and industrial applications.
The company works across the full stack, from electromagnetic design and validation to production. It has spent more than four years building in-house R&D capabilities and has moved several products from research to commercial deployment, serving domestic customers as well as export markets.
Maurya, co-founder and CEO, said the company plans to use the capital to expand product lines, hire across engineering and manufacturing teams, and scale production capacity to about 50,000 motors per month.
"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," he said.
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