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EV motor startup Naxatra Labs secures early-stage funding
Naxatra Labs raised $3 million from Zerodha Rainmatter to scale indigenous EV motor and PCB manufacturing capabilities in India.
Electric motor startup Naxatra Labs raised $3 million in a funding round led by Zerodha Rainmatter to scale indigenous manufacturing capabilities. The company focuses on motor and bare PCB development for electric mobility applications. The capital will be used to expand production capacity and strengthen domestic supply chains as demand for EV components continues to rise across automotive and industrial segments.