Energy-tech startup EMO Energy has raised Rs 59 crore ($6.2 million) in a pre-Series B funding round led by Raghav Capital, with participation from Maiuni Ventures LLP, Transition VC, NKA Resources, and MMG Realtech Private Limited.This funding round values EMO Energy at Rs 860 crore (approximately $90 million), reflecting a 4. 3X increase from its Series A valuation of Rs 202 crore. The board of EMO Energy approved the issuance of 2,048 pre-Series B compulsory convertible preference shares (CCPS) in two tranches at an issue price of Rs 2.89 lakh per share, according to regulatory filings accessed by Entrackr.Raghav Capital contributed Rs 24 crore, while Maiuni Ventures LLP invested Rs 20 crore. Existing investor Transition VC added Rs 6.5 crore, and new investors NKA Resources and MMG Realtech Private Limited invested Rs 3.61 crore and Rs 5 crore, respectively. The proceeds from this funding will be allocated towards working capital, capital expenditure, and expansion plans.Founded in 2022 by Sheetanshu Tyagi and Rahul Patel, EMO Energy specializes in AI-powered battery systems for electric mobility and energy storage applications. Its proprietary ZEN platform integrates battery management, thermal management, and fast-charging technologies to enhance the safety, performance, and lifespan of electric vehicle (EV) batteries.The company serves the EV ecosystem across two-wheelers, commercial vehicles, and energy storage segments. Following this funding round, Transition VC remains the largest external shareholder with an 11.63% stake, while new investor Raghav Capital holds 2.79%.Co-founders Sheetanshu Tyagi and Rahul Patel continue to be the largest individual shareholders, each with a 16.79% stake. EMO Energy has yet to file its FY26 financial statements, but in FY25, its operating revenue grew 2. 9X to Rs 14.42 crore from Rs 4.98 crore in FY24, while losses increased 48% to Rs 7.17 crore from Rs 4.85 crore during the same period.
