EV battery manufacturer Neuron Energy has raised Rs 31 crore ($3.5 million) in a pre-Series B round co-led by Equanimity Ventures, Rajiv Dadlani Group, Thackersay Family Office, and Chona Family Office, along with participation from several HNIs and family offices.
Funding Snapshot
The company previously secured Rs 20 crore in its Series A round in August 2024, taking its total capital raised to Rs 80 crore. The fresh funds will support the company’s plan to scale manufacturing capacity to 3 GWh, set up a fully automated production facility for electric four-wheelers and buses, and strengthen its R&D and global expansion initiatives.
Building India’s Next-Gen EV Battery Platform
Founded in 2018 by Pratk Kamdar, Neuron Energy manufactures lithium-ion batteries for electric two-wheelers and three-wheelers, and is developing next-generation sodium-ion solutions. The firm focuses on innovation-led, quality-driven battery systems built for high performance and safety in Indian conditions.
Neuron Energy has also developed advanced battery management systems (BMS) and smart packs, and its upcoming facility is expected to reinforce its leadership in the two-wheeler EV battery segment while enabling expansion into heavier vehicle categories.
Growth and Business Outlook
The company operates with a low-CapEx, low-OpEx model, resulting in strong operating leverage and year-on-year profitable growth. Neuron Energy said it is on track to reach Rs 200 crore in revenue in FY26, with long-term plans to surpass Rs 900 crore in sales over the next few years.
Market Context
India’s EV battery sector is expanding rapidly as OEMs diversify into new chemistries and seek cost-efficient, locally manufactured packs. Neuron Energy competes with players such as Amara Raja Energy & Mobility, Altigreen Propulsion Labs, and Anchor Electricals, amid rising demand for domestic battery solutions.
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