Naxatra Labs raises Seed Round to advance EV motor technology • EVreporter
Summary
Other investors in the round include Nithin Kamaths Rainmatter Foundation, Vijay Shekhar Sharma (Founder, Paytm), Aloke Bajpai and Rajnish Kumar (Co-founders, Ixigo), Narayan (Ather Energy), and Sunil Kalra, among others.Naxatra Labs focuses on the development of axial and radial flux motor technology for electric vehicles, agricultural machines, and power tools. With over four years of research focused on Indian driving conditions, the company has built and tested several motor variants, all produced in India. At GVFL, we are dedicated to supporting early-stage companies with scalable, sustainable technologies, and look forward to helping Naxatra Labs transform the future of electric mobility. The team has demonstrated superior execution in technology development and these funds will help them further innovate and establish production capacity to serve the growing demand, said Mohit Tandon, Founder Delhivery.We are thrilled to welcome all value-adding investors to Naxatra Labs. This infusion of capital and insight from experienced partners will catalyse our vision of transforming the Indian deeptech scenario with homegrown technology and mass production capacity.