VC Fund Investments
EV components maker Nysha Mobility raises $3.5 M from Touchstone Ventures, others
Bengaluru-headquartered electric vehicle (EV) components startup Nysha Mobility Tech (NMT) has raised USD 3.5 million in a combination of equity and debt. The seed funding round saw participation from investors such as Touchstone Ventures and Panthera Peak Capital. Nikhil Bhandarkar, Kelachandra Family office, Ghanshyam Dass (ex-CEO – Nasdaq Asia), Kanoria Family Office, Kiran Bulla, JCL Family Office, Pahwa family Office, Suraj Sreenath (DreamGains Financial), also participated in the funding round. The firm plans to use the funds to develop technology to optimize its manufacturing process, increase the R&D of EV components and use IoT and AI in manufacturing. Founded by Siddharth Jain in April 2022, Nysha claims to cater to more than 40 clients, including SUN Mobility and Ola Electric.
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