Blue Ashva Capital & Capital A led USD 3 M Pre-Series A funding secured by Entuple E-Mobility
Blue Ashva Capital and Capital A have invested $3 million in Entuple E-Mobility, a business that develops technologies for electric vehicles’ powertrains.
Entuple E-Mobility will use the funds to expand its R&D skills and create next-generation traction motors and drives for mobility applications that incorporate advanced telematics and machine learning capabilities. Additionally, the money will allow Entuple to improve the sophisticated technologies it provides to its OEM clients.
Commenting on the funding, Rakesh Mishra, Founder & CEO, Entuple E-Mobility said, “We are delighted to have Blue Ashva Capital and Capital A as our investors. The current round of funding will significantly boost our capability to develop and deliver next-generation Powertrain technologies to the market. We are substantially enhancing our R&D capabilities through talent acquisition, investment in design and simulation tools, and advanced test set-ups. We are focused on bringing in technologically superior powertrains across the complete spectrum of mobility applications. We will also be launching a suite of hub-motor and mid-drive motor powertrains over the next three months. The homologation process for which is underway.”
Satya Bansal, Founder, Blue Ashva Capital said, “There exists a huge gap in India’s EV value chain with high reliance on low-reliability imports for critical components. We believe that the growth of the EV market largely depends on access to technology and supply chains for battery cells and powertrains which account for almost 60 percent of the cost of the vehicle. Entuple E-Mobility is well-positioned to cater to the quality and cost requirements of its clientele. We are happy to work with Rakesh and his team to further augment our portfolio for the EV value chain thesis.”
Ankit Kedia, Founder, Capital A said, “Indigenization of EV automotive supply chains is important for faster development and go-to markets for EV’s suitable for Indian weather conditions and overall affordability of the vehicle. We are happy to be supporting companies like Entuple in achieving this.
