Naxatra Labs Bags $3 Mn To Accelerate EV Motor Production

Naxatra is planning to develop new product lines by deepening its R&D efforts, expand into new high-growth motor applications

The company designs and manufactures high-efficiency electric motors for electric vehicles (EVs) and industrial applications

It had raised an undisclosed amount in a seed funding round in December last year, led by GVFL

EV motors manufacturer Naxatra Labs has raised $3 Mn (INR 26.86 Cr) in a Pre-Series A round led by Zerodha’s Rainmatter. Besides, angel investors like Vijay Shekhar Sharma…