Ahmedabad-based deeptech company Naxatra Labs has secured $3 million in a pre-Series A funding round led by Rainmatter, with participation from prominent founders, operators, and angel investors across India’s startup ecosystem.
The capital infusion will be deployed to expand Naxatra’s motor product portfolio, deepen R&D capabilities, and scale manufacturing operations.
The company plans to ramp up production capacity to 50,000 electric motors per month, while also strengthening its engineering, manufacturing, and operations teams.
Founded in 2021 by Abhilash Maurya, Arnav Biswas, and Piyush Verma, Naxatra Labs focuses on the indigenous design and manufacturing of high-efficiency electric motors. Headquartered in Ahmedabad, the startup builds motors end-to-end, covering electromagnetic design, validation, and in-house manufacturing to reduce dependence on imported components.
Over the past 4 years, the company has transitioned multiple products from lab-stage research to commercial deployment. Its motors built using axial flux and radial flux technologies are used across electric two-wheelers, three-wheelers, and industrial applications, offering improved efficiency and reduced weight compared to conventional alternatives.
Naxatra Labs currently works with several domestic customers and also serves export markets, positioning itself within India’s broader push toward energy transition and advanced manufacturing.
Alongside EV traction motors, the company’s technology is being applied in industrial equipment, agriculture machinery, drones, and power tools, supporting its ambition to establish India as a global hub for electric drivetrain innovation.
Previously, the startup raised an undisclosed amount in a seed round co-led by GVFL, with participation from Delhivery founder Mohit Tandon and Aspiring Minds founder Himanshu Aggarwal.
