Energy-tech startup 'EMO Energy' earns $6.2 million in Series A
With the help of current investor Transition VC and led by Subhkam Ventures, energy-tech startup EMO Energy has raised $6.2 million in its Series A funding round.
The Bengaluru-based business has already raised $1.43 million from investors, including Sat Industries.
According to a press release from EMO Energy, the money will be used to grow the team to accommodate increasing operational demands, bolster R&D capabilities, and scale its two- and three-wheeler energy solution to over 1 lakh vehicles over the course of the next two years.
EMO Energy is a deep energy-tech startup that Sheetanshu Tyagi and Rahul Patel co-founded in 2022 with the goal of facilitating the widespread adoption of electric vehicles and decarbonizing urban energy. With its unique ZEN technology stack, which offers fireproof designs, ultra-fast 20-minute charging, and more than 3000 charging cycles, it sets the standard for performance, efficiency, and safety.
The company's battery systems are intended for use in a variety of industries, including large-scale energy storage, commercial vehicles, and electric two and three wheelers.
Via its cutting-edge battery hardware and software, EMO Energy claims to be able to empower the urban energy landscape. The company's patented ZEN technology, which can handle mobility and energy storage needs, includes an AI battery management system, active thermal management, and machine learning battery life extension algorithms.
This opens up a multibillion-dollar addressable market for electric two-wheelers, light commercial vehicles, and industrial green energy storage systems.
EMO claims that in the past 12 months, it has established important high-volume alliances with numerous major OEMs and is now prepared to grow from 2 to 2000 kWh.
The Bengaluru-based business has already raised $1.43 million from investors, including Sat Industries.
According to a press release from EMO Energy, the money will be used to grow the team to accommodate increasing operational demands, bolster R&D capabilities, and scale its two- and three-wheeler energy solution to over 1 lakh vehicles over the course of the next two years.
EMO Energy is a deep energy-tech startup that Sheetanshu Tyagi and Rahul Patel co-founded in 2022 with the goal of facilitating the widespread adoption of electric vehicles and decarbonizing urban energy. With its unique ZEN technology stack, which offers fireproof designs, ultra-fast 20-minute charging, and more than 3000 charging cycles, it sets the standard for performance, efficiency, and safety.
The company's battery systems are intended for use in a variety of industries, including large-scale energy storage, commercial vehicles, and electric two and three wheelers.
Via its cutting-edge battery hardware and software, EMO Energy claims to be able to empower the urban energy landscape. The company's patented ZEN technology, which can handle mobility and energy storage needs, includes an AI battery management system, active thermal management, and machine learning battery life extension algorithms.
This opens up a multibillion-dollar addressable market for electric two-wheelers, light commercial vehicles, and industrial green energy storage systems.
EMO claims that in the past 12 months, it has established important high-volume alliances with numerous major OEMs and is now prepared to grow from 2 to 2000 kWh.