PE-VC Fund Investments
EV battery maker Neuron Energy raises Rs.31-Cr from Equanimity Ventures, others
Mumbai-based electric vehicle battery manufacturer Neuron Energy has raised INR 31 crore (USD 3.5-M) in a pre-Series B funding round from Equanimity Ventures, Rajiv Dadlani Group, Thackersay Family Office, and Chona Family Office, with participation from other family offices and HNI investors.Founded in 2018 by Pratik Kamdar and Raj Shah, Neuron Energy manufactures lithium-ion electric vehicle (EV) batteries.The fresh capital will be used to expand manufacturing capacity to 3 GWh, establish a fully automated facility for electric four-wheelers and buses, strengthen R&D capabilities, accelerate growth, and expand into international markets.
Between May 2023 and Aug 2024, Neuron Energy had attracted about USD 5 M from Equanimity Investments, Kayenne Ventures, Capri Global Holdings and others.
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