Naxatra Labs, a deeptech startup focused on electric motor technology, has raised $3 million in a Pre-Series A funding round led by Rainmatter, the investment arm backed by Zerodha co-founder Nithin Kamath. The funding comes amid rising demand for indigenously designed motor technologies driven by India’s push towards electric vehicles (EVs) and industrial electrification.
The round also saw participation from several prominent founders and operators, including Mohit Tandon (Delhivery), Himanshu Aggarwal (Aspiring Minds), Vijay Shekhar Sharma (Paytm), Aloke Bajpai (Ixigo), Anupam Jalote (iCEM), and Narayan (Ather Energy), among others.
With the fresh capital, Naxatra Labs plans to strengthen its research and development capabilities, expand into high-growth motor applications, scale up manufacturing operations, and increase its presence in export markets.
Rainmatter said its investment was driven by Naxatra’s focus on addressing core engineering challenges in traction and electromagnetic systems, and its commitment to developing motor technologies that are designed and manufactured in India.
Commenting on the investment, Vishvesh Krishna, Investment Analyst at Rainmatter, said the firm has been actively backing deeptech and hardware startups, particularly those solving complex engineering problems from first principles, and described Naxatra as a strong fit for Rainmatter’s investment philosophy.
Founded in Ahmedabad by Abhilash Maurya, Arnav Biswas, and Piyush Verma, Naxatra Labs designs and manufactures high-efficiency electric motors for EV and industrial applications. The company operates across the entire value chain, from electromagnetic design and validation to full-scale production.
After more than four years of building in-house R&D capabilities, Naxatra has successfully transitioned multiple products from research to commercial deployment, serving both domestic customers and export markets.
Abhilash Maurya, Co-founder and CEO, said the company will use the funding to expand its product portfolio, hire across engineering and manufacturing teams, and scale production capacity to approximately 50,000 motors per month.
