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Mobility startup Tsuyo Manufacturing raises $4.5 million in a funding round led by Avaana Capital to expand its manufacturing facility and R&D efforts.

PRIVATEOct 29, 2025

Amount Raised

$4.5 Million

Round Type

Seed

New DelhiManufacturingAutomotive

Investors

Avaana Capital

Description

Mobility startup Tsuyo Manufacturing has raised $4.5 million in a funding round led by early-stage investment firm Avaana Capital. The company plans to use the funds to build a new manufacturing facility and establish a research and development centre. Additionally, they aim to expand their export operations and partnerships in Southeast Asia, Japan, Korea, and Europe. Founded in 2020, Tsuyo specializes in systems that power electric vehicles and has seen significant revenue growth over the last five years.

Company Information

Company

Tsuyo Manufacturing

Location

New Delhi, Delhi, India

About

Tsuyo Manufacturing is a mobility startup founded in 2020 that designs and manufactures core systems for electric vehicles (EVs), such as motors and controllers for various types of vehicles including three- and four-wheelers, trucks, and off-road vehicles. The company supplies components to notable automakers like Mahindra, Volvo, Eicher, and Sonalika. With a focus on innovation, Tsuyo has filed several patents related to its technology and aims to reduce reliance on rare-earth materials. Currently based in New Delhi, the company has experienced significant revenue growth and production capacity advancements.

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Tsuyo Manufacturing raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.