Bengaluru-based energy technology startup EMO Energy has successfully raised $6.2 million (INR 53.1 Cr) in its Series A funding round. The investment was led by Subhkam Ventures, with existing investor Transition VC also participating in the round. This funding will enable EMO Energy to expand its energy solutions for electric two and three-wheelers, furthering its mission to accelerate electric vehicle (EV) adoption and urban decarbonization.
Founded in 2022 by Sheetanshu Tyagi and Rahul Patel, EMO Energy is a deep energy-tech company that aims to provide innovative energy storage and battery solutions tailored for the rapidly growing electric mobility market. The company has developed a unique offering of portable battery packs and advanced battery management software, positioning itself as a key player in India’s push toward clean energy and sustainable transportation.
Expanding Energy Solutions for Electric Vehicles
With the fresh capital injection, EMO Energy plans to extend its energy solutions to over 100,000 two and three-wheelers over the next two years. The startup is focusing on developing scalable, high-performance energy storage solutions for EVs that can meet the growing demand for efficient, cost-effective, and long-lasting power sources. By providing portable battery packs that can be swapped or recharged in just 30 minutes, EMO Energy aims to address the critical charging infrastructure challenges faced by EV users, especially in urban areas where fast, accessible charging stations are still limited.
The company also plans to deploy 1 GWh of energy storage in the next two years, a significant milestone in its mission to reduce carbon emissions and accelerate the transition to sustainable urban mobility.
Also Read:- The Souled Store Achieves Profitability in FY24, Marking a Milestone in Its D2C Journey
Investing in R&D and Team Expansion
A portion of the funding will be allocated to enhancing EMO Energy’s research and development capabilities, particularly in the area of battery health extension software. This proprietary software helps monitor and extend the lifespan of batteries, addressing a major concern for EV manufacturers and end-users alike. By optimizing battery performance and health, EMO Energy can ensure that its products remain efficient and cost-effective throughout their lifecycle, further boosting the adoption of electric mobility.
To support the scaling of its operations and R&D initiatives, EMO Energy will also use the funds to expand its team. As demand for energy storage and battery solutions increases, the company aims to bring in new talent to help meet the operational and technological challenges that come with rapid growth.
Empowering India’s EV Growth
The investment in EMO Energy comes at a crucial time as India strives to achieve its ambitious electric vehicle adoption targets. With the government’s push to reduce carbon emissions and dependence on fossil fuels, the demand for EVs and clean energy technologies is expected to surge in the coming years. EMO Energy’s solutions align with these national goals, offering cost-effective and reliable energy solutions for both the automotive and energy storage sectors.
The company’s full-stack technology, which includes both hardware and software solutions for mobility and energy storage, is entirely developed in-house, reflecting its deep commitment to innovation and quality. By providing cutting-edge energy solutions that support EV adoption and urban decarbonization, EMO Energy is poised to play a pivotal role in transforming the Indian electric mobility landscape.
Conclusion
With the $6.2 million Series A funding, EMO Energy is well-positioned to scale its operations, enhance its products, and accelerate the transition toward a cleaner, more sustainable future. By focusing on energy storage solutions for electric vehicles and further expanding its battery health extension technologies, EMO Energy is making significant strides in enabling the widespread adoption of electric mobility, contributing to both India’s environmental goals and the global movement toward sustainable transportation.