Naxatra Labs, a company that designs and makes electric motors for electric vehicles and industrial use, has raised $3 million in a Pre-Series A funding round led by Rainmatter.
The funding round also included several well-known founders, operators, and angel investors such as Mohit Tandon (Delhivery), Himanshu Aggarwal (Aspiring Minds), Vijay Shekhar Sharma (Paytm), Aloke Bajpai (ixigo), Anupam Jalote (iCEM), Narayan (Ather Energy), and others.
With this funding, Naxatra Labs plans to improve its research and development, expand into new motor applications, increase manufacturing capacity, and grow its export business.
Himanshu Aggarwal, Co-founder of Giraffe Studios and Angel Investor said, “We are excited to see the progress at Naxatra—our first deeptech energy transition bet at Giraffe Studios. The energy transition is predicated on power electronics, battery technology, and traction, and we believe Naxatra will play a significant and leading role in India’s traction initiatives. Congratulations to the team and we look forward to continuing our partnership.”
Vishvesh from Rainmatter stated that, “At Rainmatter, we’ve been looking closely at deeptech and hardware over the last few years, especially founders solving hard problems from first principles. Naxatra fits that vision perfectly—building traction and electromagnetic devices that are innovated, designed, and manufactured in India. We’re extremely happy to back the team and lead this round, and we believe they will make waves in this field while paving the way for others to innovate.”
Abhilash, Co-founder and CEO of Naxatra Labs, said, “We’re excited about this investment round, which reflects strong confidence from our existing investors as well as the addition of new partners. The electric motor market is experiencing strong tailwinds driven by rapid electrification, growing demand for efficient motors, and India’s emergence as a global manufacturing alternative. Naxatra has successfully taken multiple products from R&D to production, and this funding will enable us to accelerate the development of new product lines, expand our team across the organization, and increase our production capacity to 50,000 motors per month.”
Naxatra Labs was started in 2021 by Abhilash Maurya, Arnav Biswas, and Piyush Verma. It is a deeptech startup that designs and makes high-efficiency electric motors for electric vehicles (EVs) and industrial applications.
Over the past four years, the company has built strong research and development capabilities and has successfully taken several products from the lab to mass production. Naxatra Labs works with many customers in India and also supplies motors to international markets.
The company develops both axial-flux and radial-flux motors, which are known for delivering high torque while remaining compact in size.
In August 2025, Naxatra Labs opened its second advanced manufacturing facility, increasing its production capacity to 100,000 motors per year.
Earlier, in December 2024, the startup raised an undisclosed amount in a seed funding round led by GVFL, along with investments from Delhivery founder Mohit Tandon and Aspiring Minds founder Himanshu Aggarwal.
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