Naxatra Labs raised an undisclosed amount in a seed funding round led by GVFL and Delhivery founder Mohit Tandon to expand its team in R&D and production for electric vehicle motor technology.
Dec 23, 2024•12 months ago
Round Type
seed
Investors
NarayanRajnihs KumarAloke BajpaiVijay Shekhar SharmaNithin KamathHimanshu AggarwalMohit TandonGvfl
Description
Naxatra Labs has raised seed funding led by GVFL and notable investors including Delhivery founder Mohit Tandon. The electric vehicle motor technology startup plans to use the funds to enhance its R&D and production capabilities to meet growing demand.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers