EMO Energy's valuation has climbed to ₹860 crore after a fresh pre-Series B round, reflecting rising investor confidence in battery technology startups powering India's EV transition.
Most EV headlines are about cars and scooters. But some of the biggest bets are being placed on the companies powering them. Behind the scenes, a new generation of startups building the technology that powers those vehicles is quietly attracting serious investor attention.
One of them is EMO Energy.
The Bengaluru-based battery technology startup has raised ₹59 crore ($6.2 million) in a pre-Series B funding round, taking its valuation to ₹860 crore more than four times what it was valued at during its previous fundraise.
The latest round brought together a mix of new and existing investors, including Raghav Capital, Maiuni Ventures LLP, Transition VC, NKA Resources, and MMG Realtech. The jump in valuation signals growing optimism around companies building the infrastructure and technology needed to support India's rapidly expanding EV ecosystem.
Founded in 2022 by Sheetanshu Tyagi and Rahul Patel, EMO Energy focuses on battery systems and energy storage solutions designed for electric mobility. Its in-house platform integrates battery management, thermal control, and fast-charging capabilities to improve performance and reliability.
The growth isn't just happening on cap tables. Demand for EMO Energy's products has been climbing as well. Its operating revenue reportedly climbed to around ₹14.4 crore in FY25, reflecting growing demand for its products even as it continued investing heavily in expansion.
As India's EV market becomes more competitive, investors are increasingly looking beyond vehicle manufacturers and backing the companies supplying the technology that keeps those vehicles moving. As more EVs hit Indian roads, the demand for the technology behind them could grow even faster. EMO Energy is betting it will be one of the companies supplying that future.
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Startup Unplugged
