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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, 202412 months ago

Round Type

seed

AhmedabadAutomotiveManufacturing

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.

Company Information

Company

Naxatra Labs

Location

Ahmedabad, Gujarat, India

About

Naxatra Labs is an innovative technology company dedicated to developing advanced motor solutions for electric vehicles. With a focus on efficiency, reliability, and performance, Naxatra Labs is at the forefront of revolutionising electric mobility in India and beyond.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers