Electronics engineering and manufacturing startup Elecbits has secured $5.5 million in Series A funding, with Nexus Venture Partners leading the round. The raise also saw participation from SE Ventures Energy, the investment arm of Schneider Electric, and Singapore-based Riverwalk Holdings, marking a strong vote of confidence in India’s rapidly expanding hardware-tech sector.
Founded in 2019 by Saurav Kumar Singh and Nikhil Rawat, Elecbits offers a full-stack platform that streamlines design, prototyping, manufacturing, and quality control for electronic products. The company is now gearing up to scale Elecbits XOR, its AI-driven electronics engineering and manufacturing platform, while expanding its engineering talent pool and building in-house manufacturing capabilities.
Elecbits develops printed circuit boards as well as complete electronics systems, including industrial motor drivers, inverter controllers, e-payment devices, and low-power e-ink display modules. These solutions serve industries such as retail, logistics, automotive, industrial automation, and smart hardware.
The startup’s growing client list includes more than 200 enterprises, featuring major names like Panasonic, Schneider Electric, Motherson, Urban Company, Maruti Suzuki, Zetwerk, Ola, and Valeo. The company plans to significantly increase production capacity as global firms accelerate supply-chain diversification away from China, creating a large opportunity for India-centric manufacturers.
With demand rising for faster, reliable, and scalable hardware development, Elecbits aims to position itself as a next-generation electronics partner capable of supporting both Indian and global enterprises. Its AI-enabled approach promises shorter product cycles, improved production accuracy, and reduced development overheads.
The fresh Series A funding marks a pivotal milestone in Elecbits’ vision to power the next wave of India’s electronics manufacturing and strengthen the country’s presence in global supply chains.
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