EMO Energy, a Bangalore based battery-tech startup, has raised $1.2 million (INR 10 crore) in seed funding in a round led by Transition VC and co-led by Gruhas. The startup, founded in February 2022 by Sheetanshu Tyagi and Rahul Patel, offers battery packs for light electric vehicles (EVs) powered by their proprietary technology platform called ZEN. ZEN enables 100% fire safety, 20-minute fast charging, and a 120% improvement in battery life, said a company statement.
EMO Energy’s battery systems for 2 and 3-wheelers are AIS-156 Phase 2 certified and already in mass production. In addition to serving the light EV market, EMO plans to implement its ZEN platform in other applications such as commercial vehicles, tractors, and large-scale energy storage.
Speaking on the round, EMO’s Co-founder & CEO, Sheetanshu Tyagi said, “EMO’s goal is to enable mass adoption of EVs and ESS by deploying ZEN, our Patented Battery Tech platform across applications that demands High Power and High Energy. ZEN PAC, the platform’s 20 min Charge Battery Pack for 2 and 3 Wheelers allows the lowest Total Operating Cost (<Rs. 1/km), >5 years warranty and 120% Improvement in Life of Standard NMC and LFP Cells. This has been proven for >10,000 kms with multiple OEMs and Fleet Operators across the most extreme abuse and environmental conditions (-20 to 60 deg C). All this is possible only due to EMO’s Patented Battery Construction, Immersion Thermal Management Systems and Life Extension Algorithms.”
The investment will help EMO gain access to the grid storage market for residential and commercial applications. The company’s standardized battery module can also accommodate alternate chemistries in the future.
The General Partner of Transition VC, Rajesh Doshi, predicted a significant market opportunity in the powertrain components outsourcing sector of India’s 2 and 3-wheeler EV market, estimating it to be worth INR 23,850 crore ($2.9 billion) by 2025. EMO is Transition VC’s maiden investment from its recently launched Energy Transition-focused fund worth INR 400 crore.
Commenting on leading EMO’s seed funding, Transition VC’s Co-founder & Managing Partner Mohammed Shoeb Ali said, “EMO has an excellent product for mobility and storage applications. With a promising proposition, EMO will play a crucial role in the transformation of India’s battery-tech segment.”
Abhijeet Pai, Co-founder at Gruhas, said, “We are excited to be a part of this shift with EMO Energy, which is customizing battery solutions for the Indian ecosystem, paving the way for a greener and more sustainable future. At Gruhas, we look forward to supporting thought leaders of EMO scale into multiple applications”.
Prior to starting EMO, Sheetanshu and Rahul worked with the battery pack teams at Ola Electric, Sun Mobility, Rivian, Alta Motors, Ather, and General Motors. They were responsible for implementing the hardware and software technology besides manufacturing processes to build the battery pack from scratch.
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