Mumbai-based EV battery manufacturer Neuron Energy has secured a significant boost to its growth ambitions, raising ₹31 crore in its pre-Series B funding round led by Equanimity Ventures. The round attracted strong investor confidence with participation from Rajiv Dadlani Group, Thackersay Family Office, Chona Family Office, and prominent high-net-worth individuals.
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Ambitious Manufacturing Expansion
The fresh capital will enable Neuron Energy to scale its manufacturing capacity to an impressive 3 GWh, marking a transformative phase for the lithium-ion battery specialist. The company plans to establish a state-of-the-art automated facility at Chakan near Pune, specifically designed for electric four-wheeler and bus battery production.
| Funding Metrics | Details |
|---|---|
| Pre-Series B Amount | ₹31 crore |
| Lead Investor | Equanimity Ventures |
| Total Funding Raised | ₹80 crore |
| Current Revenue Target | ₹200 crore (FY2025) |
| Future Projection | ₹900 crore |
| Manufacturing Target | 3 GWh capacity |
Strong Growth Trajectory
Founded in 2018 by Pratik Kamdar and Raj Shah, Neuron Energy has demonstrated remarkable resilience in India’s competitive EV battery landscape. Including this pre-Series B round, the company has raised ₹80 crore to date, having previously secured ₹20 crore each in its Series A and pre-Series A rounds.
The company’s growth strategy focuses on developing advanced battery management systems and longer-lasting lithium-ion batteries tailored for Indian operating conditions. With current revenue targets set at ₹200 crore for this year and future projections reaching ₹900 crore, Neuron Energy positions itself as a formidable player in the rapidly expanding Indian EV ecosystem.
Thriving EV Battery Ecosystem
The investment comes as EV and battery startups witness strong growth driven by rising demand for cleaner mobility and energy-efficient transportation. Government incentives, declining battery prices, and increasing adoption of electric two- and three-wheelers have created fertile ground for innovation in the sector.
Recent funding activities highlight investor appetite for battery technology companies. BatteryPool raised ₹8 crore for its battery network expansion, while Offgrid secured $15 million in Series A funding for battery swapping solutions, according to industry reports.
For comprehensive coverage of India’s electric vehicle revolution, explore our EV charging infrastructure updates and battery technology innovations.
Frequently Asked Questions
Q1: How much funding has Neuron Energy raised in its pre-Series B round?
Neuron Energy has secured ₹31 crore in its pre-Series B funding round led by Equanimity Ventures.
Q2: What will Neuron Energy use the funding for?
The funds will scale manufacturing to 3 GWh, establish an automated plant for four-wheeler batteries at Chakan, expand R&D capabilities, and fuel domestic and international growth.
Q3: Who are the investors in Neuron Energy’s latest funding round?
The round was led by Equanimity Ventures with participation from Rajiv Dadlani Group, Thackersay Family Office, Chona Family Office, and reputed HNIs.
Q4: What is Neuron Energy’s revenue target?
The company targets ₹200 crore revenue for the current fiscal year with future projections set at ₹900 crore.
Q5: How much total funding has Neuron Energy raised?
Including the pre-Series B round, Neuron Energy has raised ₹80 crore in total funding.
