Naxatra Labs, a deeptech startup, has raised $3 million in a pre-Series A funding round led by Rainmatter by Zerodha, with participation from prominent founders, operators, and angel investors.
The round saw participation from Mohit Tandon (Delhivery), Himanshu Aggarwal (Aspiring Minds), Vijay Shekhar Sharma (Paytm), Aloke Bajpai (Ixigo), Anupam Jalote (CEO, iCEM), Narayan (Ather Energy), Soumitra (Operators Studio), Hemant Daga (CEO, Neo Assets), and others.
The fresh funds raised will be used to deepen its R&D efforts, expand into new high-growth motor applications, scale manufacturing capacity, and strengthen its export footprint.
Founded in 2021 by Abhilash Maurya (CEO), Arnav Biswas (COO) and Piyush Verma (CTO), Naxatra Labs is a deeptech startup that designs and manufactures high-efficiency electric motors for electric vehicles (EVs) and industrial applications.
The company has spent over four years building deep R&D capabilities and has successfully transitioned multiple products from research to production. Naxatra is currently working with multiple domestic customers and is also supplying to export markets.
The company develops both axial-flux and radial-flux motor architectures, which are optimized for high torque density and compactness.
In August 2025, Naxatra Labs opened a second state-of-the-art production unit to scale manufacturing capacity to 100,000 motors per year.
In December 2024, Naxatra Labs raised an undisclosed amount in its seed funding round led by GVFL, Delhivery founder Mohit Tandon, and Aspiring Minds founder Himanshu Aggarwal.
Abhilash, Co-founder and CEO of Naxatra Labs, said, “We’re excited about this investment round, which reflects strong confidence from our existing investors as well as the addition of new partners. The electric motor market is experiencing strong tailwinds driven by rapid electrification, growing demand for efficient motors, and India’s emergence as a global manufacturing alternative. Naxatra has successfully taken multiple products from R&D to production, and this funding will enable us to accelerate the development of new product lines, expand our team across the organization, and increase our production capacity to 50,000 motors per month.”
Vishvesh from Rainmatter said, “At Rainmatter, we’ve been looking closely at deeptech and hardware over the last few years, especially founders solving hard problems from first principles. Naxatra fits that vision perfectly—building traction and electromagnetic devices that are innovated, designed, and manufactured in India. We’re extremely happy to back the team and lead this round, and we believe they will make waves in this field while paving the way for others to innovate.”
Himanshu Aggarwal, Co-founder of Giraffe Studios and Angel Investor, said, “We are excited to see the progress at Naxatra—our first deeptech energy transition bet at Giraffe Studios. The energy transition is predicated on power electronics, battery technology, and traction, and we believe Naxatra will play a significant and leading role in India’s traction initiatives. Congratulations to the team, and we look forward to continuing our partnership.”
