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Neuron Energy raised Rs 20 Cr Pre-Series A funding from Equanimity

In its pre-Series A Round, led by Equanimity Investments and the Rajiv Dadlani Group, EV smart battery manufacturer Neuron Energy has raised Rs 20 crore. Along with well-known Family Offices and HNI investors, the round also included participation from the Chona Family Office (Havmor Group) and Kayenne Ventures.

According to Neuron Energy, the money will be used to support important projects like building up the workforce and investing in mold development while also obtaining crucial ICAT Certifications. Additionally, the funding will support Neuron’s expansion of Li-Ion smart batteries for EVs with 2W and 3W outputs as well as the company’s foray into the drone battery market.

Pratik Kamdar and Raj Shah founded Neuron, a company that offers lithium-ion and lead-acid smart batteries for e-bikes, e-rickshaws, and golf carts.

For sales of e-Bike smart batteries, the Mumbai-based startup has a sizable domestic and export network. Through its extensive pan-India network of distributors and depots, the company sells its branded goods. The Middle East, Europe, and South-East Asia have all seen an increase in Neuron Energy’s exports.

 

 

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