Elecbits, a full-stack electronics design and manufacturing startup, has raised $5.5 million in a Series A funding round led by Nexus Venture Partners, with participation from SE Ventures and Riverwalk Holdings.
The funds raised will be used to scale Elecbits XOR – the AI-powered Electronics Engineering and Manufacturing Platform, expanding its end-to-end engineering capabilities and building in-house manufacturing competencies.
Founded in 2019 by Saurav Kumar Singh and Nikhil Rawat, Elecbits provides design, prototyping, manufacturing and quality control services on a single platform. Elecbits builds printed circuit boards and assembles full electronics products, such as industrial motor/inverter drivers, e-payment devices, and low-power e-ink display devices for retail, logistics and automation applications.
By combining end-to-end engineering expertise with a robust manufacturing network, Elecbits enables clients to scale from one to a million units with unprecedented speed and precision with the help of Elecbits XOR, an AI-powered Digital Manufacturing Platform that brings Instant Quotes, Transparent Supply Chains, Part Intelligence & Risk Management all onto one single platform.
The company is currently powering critical innovations across high-growth sectors like Digital Payments, IT Hardware, Power Electronics, Automotive and Consumer Electronics. Elecbits is powering global giants across sectors and is already a trusted partner to 200+ industry titans, including Panasonic, Schneider Electric, Motherson, Urban Company, Zetwerk, Maruti Suzuki, OLA, and Valeo.
Nikhil Rawat, Co-founder, Elecbits, said, “Electronics powers every modern innovation, yet building hardware has always been painfully slow. At Elecbits, we aren’t just driving the change – we’re engineering the operating system for India’s electronics future. This fundraise takes us one step closer to a world where every idea can go from concept to creation in days, not months.”
Anand Datta, Partner, Nexus Venture Partners, said, “The world runs on hardware, yet the infrastructure to build it remains inefficient, at least in India. We partnered with Elecbits because they are solving this foundational problem with speed and precision and making India globally competitive. We invest in technologies that drive the world, and Elecbits is the engine that will power the next wave of electronics innovation.”
Siddharth Mehta, Investment Partner APAC, SE Ventures, said, “SE Ventures is excited about Elecbits as a catalyst in the growing electronic design and manufacturing market in India, strengthening our thesis that AI will disrupt existing solutions to enhance quality and reduce time to market. This investment, and partnership with our LP, Schneider Electric, will accelerate rapid prototyping, co-development, and next-generation product innovation.”
