Elecbits secures $5.5M in Series A round led by Nexus Venture Partners

Elecbits, an electronics design and manufacturing startup, has raised $5.5 Mn (about Rs 49.4 Cr) in its Series A funding round led by Nexus Venture Partners. 

The round also saw participation from SE Ventures and Riverwalk Holdings.

The startup will use the new funds to expand its electronics engineering and manufacturing platform, Elecbits XOR, strengthen its in-house capabilities and support its international expansion plans.

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“Electronics powers every modern innovation, yet building hardware has always been painfully slow," said Nikhil Rawat, Co-founder of Elecbits. "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.”

“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," said Anand Datta, Partner at Nexus Venture Partners.

“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,” said Siddharth Mehta, Investment Partner APAC at SE Ventures. “This investment, and partnership with our LP, Schneider Electric, will accelerate rapid prototyping, co-development, and next-generation product innovation.”

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About Elecbits 

Founded in 2019 by Saurav Kumar Singh and Nikhil Rawat, Elecbits provides end-to-end supply chain support and advanced engineering solutions for the electronics industry. Its services span component sourcing, PCB assembly and fabrication, and customised electronics consulting. On the engineering side, the company covers everything from PCB design and complex firmware development to industrial design and embedded testing.

Elecbits works with over 200 companies, including Panasonic, Schneider Electric, Motherson, Urban Company, Zetwerk, Maruti Suzuki, ola and Valeo.

Its proprietary platform, Elecbits XOR, uses AI to streamline hardware development by offering instant quotations, transparent supply chain visibility and risk-management tools.

With the latest funding, Elecbits plans to strengthen both its digital and physical infrastructure to support India’s ambition of becoming a global electronics hub. The startup positions itself as a vertically integrated “China+1” electronics partner, helping global companies diversify their supply chains toward India.

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