EMO Energy, a deep-tech startup specializing in fast-charging battery packs for electric two- and three-wheelers, has successfully raised $6.2 million in a Series A funding round. The round was led by Subhkam Ventures, with participation from both new and existing investors, including Microtek Group, SRK Family Office, and Transition VC.

Founders and Vision

Established in 2022 by entrepreneurs and engineers Sheetanshu Tyagi and Rahul Patel—both bringing experience from Tesla and Ather—EMO Energy aims to make clean mobility more accessible across India. Their mission centers on creating an integrated urban energy solution by installing batteries and chargers capable of fully recharging in 20 minutes, all while prioritizing safety.

Utilization of Funds

The newly acquired capital is slated to:

• Expand the deployment of battery packs, connected chargers, and energy software solutions to power over 100,000 vehicles within the next two years.
• Deploy 1 GWh of energy storage.
• Enhance research and development capabilities, particularly focusing on battery health extension software.

Clientele and Revenue Growth

EMO Energy's client roster includes notable names such as Kinetic Green, BigBasket, Domino’s, and Blinkit. Currently, over 90% of the startup's revenue is derived from battery sales. However, the company plans to expand its software offerings to constitute more than half of its revenue within the next three to five years. With 2,000 battery units already in operation, primarily serving hyperlocal delivery sectors, EMO Energy aims to significantly increase this number. Having achieved Rs 10 crore in revenue thus far in fiscal year 2025, the startup aspires to double this figure by March.

Previous Funding and Future Plans

This latest funding round marks EMO Energy's second capital infusion, following a $1.2 million seed round led by Transition VC and Gruhas in May 2024. With the additional resources, the company is poised to scale from deploying a few kilowatt-hours of capacity to 2,000 kWh, laying the foundation for faster and more reliable battery charging solutions.

Our Opinion on the News

EMO Energy's successful funding round underscores the growing investor confidence in sustainable mobility solutions within India. The company's focus on rapid-charging battery technology addresses a critical bottleneck in the adoption of electric vehicles—charging time. By enabling 20-minute full charges, EMO Energy positions itself as a pivotal player in accelerating EV adoption, particularly in the two- and three-wheeler segments that dominate India's urban transport landscape.

Furthermore, the strategic expansion into energy software solutions indicates a forward-thinking approach to creating a comprehensive ecosystem, potentially enhancing revenue streams and offering integrated services to clients. As the company scales its operations and client base, it is well-positioned to contribute significantly to India's clean energy transition and the broader global shift towards sustainable urban mobility.

Source: ISN