EMO Energy Raises Rs. 10 Cr. In Seed Funding Led By Transition VC, Co-led By Gruhas
EMO Energy, a Battery-Tech startup, has raised Rs. 10 crore ($1.2 Million) in a seed round led by Transition VC, and co-led by Gruhas.
Founded in February 2022 by Sheetanshu Tyagiand, Rahul Patel, EMO is a Deep-Tech Energy startup that aims to decarbonise the developing world by implementing Battery-Powered Solutions in High Power and High Energy Applications.
The company offers battery packs for light EVs, which are powered by ZEN, a Proprietary Cell Agnostic Tech Platform that allows 100 per cent Fire Safety, 20-minute Fast Charging, and 120 per cent Improvement in Battery Life.
Speaking on the round, EMO’s Co-founder & CEO, Sheetanshu Tyagi said, “Transition VC and Gruhas are the ideal early-stage partners for our mission as they're just as committed to implementing safe, reliable battery technology at scale. We believe that their insight, expertise, and perspective are going to be instrumental to our success as a startup.”
Tyagi added, “Transition VC is also enabling our access to the grid storage market (for residential and commercial applications such as lead acid battery & diesel genset replacement) which will help us in deploying ZEN for grid storage applications in the near future.”
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. Its batteries utilise the latest and safest immersion thermal management technology and allow fast charge and higher vehicle power. This along with the in-house Smart BMS and AI Battery Life Extension algorithms, allows continuous optimisation of performance and a 2X increase in lifespan. With a promising proposition, EMO will play a crucial role in the transformation of India’s battery-tech segment.”
Further, Co-Founder & Partner of Gruhas, Abhijeet Paishared, “India is undergoing a significant transformation towards self-sustainability with Electric Vehicles. We are excited to be a part of this shift with EMO Energy, which is customising 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”.
Adding to Transition VC’s statement, its General Partner, Rajesh Doshi, said, “The 2 & 3-wheeler EV market is fragmented today. Our estimates say that 50-60 per cent of companies will outsource their powertrain components, which will be approximately an Rs. 23,850 crore ($2.9 billion) market opportunity in 2025. With superior performance and safety, EMO is set to become the leading player in the market.”
EMO’s 2,3-Wheeler Battery System is AIS-156 Phase 2 Certified, is in mass production and can be purchased directly through EMO. In addition to its fireproof battery solution for light EVs, EMO is also implementing its ZEN platform for several other applications such as Commercial Vehicles, Tractors, and Large-scale Energy Storage. All of the applications use the same Standard Battery Module and also protect for alternate chemistries in the future.
