Bengaluru-based e-mobility start-up Entuple E-Mobility on Monday said it has raised ₹13 crore in a pre-Series A funding round led by Varanium Capital.
According to the company, the investments are aimed at deepening its indigenous technology stack and improving efficiency, reliability and performance for original equipment manufacturer customers.
Rakesh Mishra, Founder and CEO of Entuple E-Mobility, said that the funding would support the company’s transition from two- and three-wheeler applications to broader EV platforms.
The firm added that the capital will be used to develop next-generation high-voltage motors, strengthen power electronics research and development, and build new-generation intelligent motor controllers for EV applications.
Entuple is also looking to expand its powertrain portfolio into four-wheelers, buses and trucks, targeting the commercial vehicle segment in India and overseas markets.
The funding round saw participation from existing investor Blue Ashva Capital and a group of high-net-worth individuals and family offices. Among the individual backers is Mohit Oswal, founder of Roop Automotives.
Mumbai-based Eterna Legacy Advisors acted as advisors to the funding round.
Entuple designs and manufactures electric powertrain systems, including motors and motor controllers, supported by in-house control algorithms and firmware developed without external licensing. The company operates a manufacturing facility in Bengaluru, focused on hub motor and mid-motor powertrains for two- and three-wheelers.
