Zenergize Technologies Raises USD 4 Million in Pre-Series A Round

Zenergize Technologies, a power electronics company developing Silicon Carbide (SiC)-based products, has raised USD 4 million in a Pre-Series A funding round comprising equity and venture debt. The round was led by Giraffe Studios, with participation from industrial entrepreneurs and existing investors.

The company said it has reached an annual revenue run rate of ₹30 crore and has an order book exceeding ₹150 crore within a year of commercialisation. Giraffe Studios, which had previously invested in Zenergize, increased its investment in the company as part of the round.

The investor group includes Nikhil Sawhney of Triveni Turbine Limited; Varun Agarwal of Ellenbarrie Industrial Gases; Shyam Bagri of Bagrry’s Holdings; Raoul Bajaj of Trafigura; angel investor Sunil Kalra; Ajith Pai, former COO of Delhivery; Sandeep Barasia, former CBO of Delhivery; Nitin Jain, Managing Director of Neo Group; and Hemant Daga, CEO of Neo Bank, among others.

The funding will support the expansion of manufacturing capacity, engineering and R&D capabilities, and Zenergize’s sales and service network across India. The company also plans to develop additional power electronics products, strengthen supplier partnerships, and build capabilities to serve enterprise and OEM customers. Zenergize is targeting an annual revenue run rate of more than ₹100 crore in its next phase of growth.

Zenergize said its current product portfolio includes SiC-based DC fast chargers and solar inverters. Its EV chargers have received automotive certifications, while its solar inverters have received BIS certification. The company is also developing hybrid inverters and Battery Energy Storage System (BESS) inverters.

Himanshu Aggarwal, Co-founder, Giraffe Studios, said, “Giraffe Studios is focused on Driving Deep Tech innovation in India. We back and support teams building core technology, capture a substantial part of the value chain and address large market gaps. Zenergize fits right in. We believe this round will establish Zenergize as not only India’s first high voltage power electronics company and a formidable player in India.”

Navneet Daga, Co-founder & CEO, Zenergize Technologies, said, “The past year has demonstrated that world-class power electronics can be designed, manufactured and commercially viable in India. Our next phase is about building the manufacturing scale, engineering capability and customer partnerships required to make Indian technology globally competitive.”

Dr. Veer Karan Goyal, Co-founder & CTO, Zenergize Technologies, said, “India’s energy transition requires power electronics designed for Indian – its grid conditions, climate and operating environments—not products adapted from other markets. Zenergize has innovated to use cutting edge Silicon Carbide technology to not only build products for Indian conditions, but also be more efficient and price competitive. Our experience is accelerating our product pipeline with Hybrid Inverters, Battery Energy Storage Systems (BESS) and other next-generation power electronics platforms coming soon.”

Also read: Zenergize’s Approach to Building Indian Climate-ready EV Charging Infrastructure