Mumbai-based EV battery manufacturer Neuron Energy has raised ₹31 crore in a pre-Series B funding round co-led by Equanimity Ventures, Rajiv Dadlani Group, Thackersay Family Office, and Chona Family Office. Several other family offices and high-net-worth individuals also participated.
This round comes a year after the company raised ₹20 crore in its Series A round. With the latest infusion, Neuron Energy’s total funding now stands at ₹80 crore.
The company said the fresh capital will be used to expand its manufacturing capacity to 3 GWh and establish a fully automated production facility catering to electric four-wheelers and buses. The funds will also support R&D, domestic market scale-up, and international expansion.
Founded in 2018 by Pratik Kamdar, Neuron Energy develops lithium-ion and emerging sodium-ion battery solutions for EVs. The company has focused on a low-capex and lean operating model, which it says has helped it grow consistently year over year.
Neuron is already a key supplier in the electric two-wheeler category and now plans to expand into heavier mobility segments. The company expects revenue to reach ₹200 crore in FY26, with a longer-term target of crossing ₹900 crore in the coming years.
With battery localisation becoming critical for India’s EV push, Neuron’s latest raise positions it to compete more aggressively in a rapidly growing ecosystem.
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