PE-VC Fund Investments
Energy storage Emo raises Rs.59-Cr led by Raghav Capital at Rs.860-Cr valuation
Bengaluru-based energy-tech startup Emo Energy has raised INR 59 crore in a pre-Series B funding round led by Raghav Capital, with participation from Maiuni Ventures, Transition VC, NKA Resources, and MMG Realtech. The investment values the firm at INR 860 crore.Founded in 2022 by Sheetanshu Tyagi and Rahul Patel, Emo Energy makes AI-powered battery systems for electric mobility and energy storage applications. Its proprietary Zen platform claims to integrate battery management, thermal management, and fast-charging technologies to improve the safety, performance, and lifespan of electric vehicle batteries.The new funds will be used towards working capital, capital expenditure, and expansion plans.
Between Apr 2023 and Nov 2024, EMO Energy had attracted about $8-M from Subhkam Ventures, Gruhas, Transition VC and others.For FY25, EMO Energy had reported about Rs.14-Cr in Operating Income and about Rs.7-Cr in Net Loss.
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