Naxatra Labs raises $3 million in Pre-Series A round led by Rainmatter

Naxatra Labs, which designs and manufactures electric motors for electric vehicles (EVs) and industrial uses, has raised $3 million in a Pre-Series A funding round led by Rainmatter.

The round also saw participation from a group of founders, operators, and angel investors including Mohit Tandon (Delhivery), Himanshu Aggarwal (Aspiring Minds), Vijay Shekhar Sharma (Paytm), Aloke Bajpai (ixigo), Anupam Jalote (iCEM), Narayan (ather energy), and others.

After the funding round, Naxatra Labs plans to strengthen its R&D, move into new motor application segments, scale up manufacturing, and grow its exports.

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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.”

Vishvesh from Rainmatter stated that, “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.”

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.”

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About Naxatra Labs 

Founded in 2021 by Abhilash Maurya, Arnav Biswas and Piyush Verma, Naxatra Labs is a deeptech startup that designs and manufactures high-efficiency electric motors for EVs and industrial use.

The company has spent more than four years building strong R&D capabilities and has successfully moved several products from the research stage to large-scale production. It currently works with multiple customers in India and also supplies motors to international markets.

Naxatra develops both axial-flux and radial-flux motors which are designed to deliver high torque in compact sizes.

In August 2025, the company opened a second advanced manufacturing facility, increasing its production capacity to 100,000 motors per year.

Earlier, in December 2024, Naxatra Labs raised an undisclosed amount in a seed funding round led by GVFL, Delhivery founder Mohit Tandon, and Aspiring Minds founder Himanshu Aggarwal.

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