Naxatra Labs, an Ahmedabad-based deeptech startup specializing in high-efficiency electric motors, has successfully raised $3 million (approx. ₹25 crore) in its Pre-Series A funding round. The round was led by Rainmatter (Zerodha’s venture fund), featuring a heavy-hitting lineup of angel investors and industry veterans.
The investment comes at a pivotal time as India accelerates its transition toward electric mobility and indigenous manufacturing.
A Marquee Lineup of Investors
The funding round saw significant participation from prominent founders and operators across the Indian startup ecosystem, including:
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Vijay Shekhar Sharma (Founder, Paytm)
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Mohit Tandon (Co-founder, Delhivery)
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Himanshu Aggarwal (Co-founder, Aspiring Minds)
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Aloke Bajpai (Co-founder, Ixigo)
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Narayan GV (Ather Energy)
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Anupam Jalote (CEO, iCEM)
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Soumitra Sharma (Operators Studio)
Scaling Production and R&D
Naxatra Labs plans to utilize the fresh capital to transition from lab-scale success to mass-market dominance. Key objectives include:
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Manufacturing Expansion: Scaling production capacity to 50,000 motors per month to meet the rising demand from domestic and international OEMs.
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R&D Deep-Dive: Strengthening its research stack to develop new motor platforms and high-growth industrial applications.
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Team Growth: Expanding the engineering and operations teams to support its growing manufacturing footprint in Ahmedabad.
End-to-End Motor Technology
Founded by Abhilash Maurya, Arnav Biswas, and Piyush Verma, Naxatra Labs distinguishes itself by managing the entire motor lifecycle in-house from electromagnetic design and validation to final assembly. The company has spent over four years perfecting its R&D stack, focusing on both axial-flux and radial-flux architectures.
These motors are designed to be more compact, lightweight, and efficient than standard market offerings, serving a wide array of sectors including EV traction (scooters and bikes), agricultural machinery, and industrial applications.
“Naxatra has successfully taken multiple products from R&D to production. This funding will enable us to accelerate the development of new product lines and increase our production capacity to meet the tailwinds of rapid electrification in India and beyond,” said Abhilash Maurya, Co-founder and CEO of Naxatra Labs.
Positioning for Global Markets
While currently serving multiple domestic customers, Naxatra Labs is also making inroads into export markets. By building its technology from “first principles,” the company aims to position India as a global alternative for high-performance drivetrain components, reducing the industry’s historical reliance on imported motor technology.
