Entuple E-Mobility, a maker of electric car powertrains, has raised $3 million in a Pre-Series A fundraising round from Blue Ashva Capital and Capital A.
The startup will invest the capital to further strengthen its research and development capabilities to develop next-generation traction motors and drive mobility applications, including machine learning and advanced telematics capabilities in its products. Entuple plans to use the funding to further expand its technology offerings, as per reported by Inc42.
“There exists a huge gap in India’s EV value chain with high reliance on low-reliability imports for critical components. We believe that the growth of the EV market largely depends on access to technology and supply chain for battery cells and powertrains which account for almost 60% of the cost of the vehicle,” said Satya Bansal, founder of Blue Ashva Capital.
The company has also developed a range of bespoke products and solutions for the spacetech, aerospace and defense sectors.
“The current round of funding will significantly boost our capability to develop and deliver next-generation Powertrain technologies to the market. We are substantially enhancing our R&D capabilities through talent acquisition, investment in design and simulation tools, and advanced test set-ups,” Rakesh Mishra, founder and CEO, Entuple E-Mobility said.
About Entuple E-Mobility
Drivetrains (Electric Motors + Controllers) and Combined Charging Stations are the focus of Entuple E-Mobility Private Limited (“EntEM”), an EV R&D house. Bengaluru and Thiruvananthapuram are the team’s home bases.