EMO Energy Secures $6.2 Million in Series A Funding Round
The funding will be used to expand its urban energy ecosystem
January 7, 2025
Bengaluru-based battery solutions startup EMO Energy has raised $6.2 million (₹530.65 million) in its Series A funding round.
This round was led by Subhkam Ventures, with existing investor Transition VC also participating.
The company plans to use the funding to scale its advanced battery solutions for electric vehicles (EVs) and energy storage systems, targeting an expansion of its urban energy ecosystem.
The company aims to deploy its services across 100,000 two and three-wheeler vehicles over the next two years and roll out 1 GWh of energy storage systems.
It said it will also use part of the funding to enhance research and development for its battery health extension software. It will also use the funding to scale its service capacity from 2 kWh to 2,000 kWh and expand partnerships with major original equipment manufacturers.
The company will allocate the remaining amount to expand its operational capabilities and team.
EMO Energy utilizes its cell agnostic tech stack, ZEN, to provide ‘ultra-fast charging and extended battery life’ solutions for electric two-wheelers, light commercial vehicles, and industrial green energy storage systems.
It has produced over 2,000 battery packs for EVs and is conducting pilot tests for energy storage systems to replace diesel generators in industries.
The company said its urban energy ecosystems integrate delivery vehicles, fast chargers, and energy storage systems managed by its proprietary energy management software.
EMO Energy had raised ₹100 million (~$1.17 million) in a seed round led by Transition Venture Capital in 2023. The round was co-led by Gruhas. EMO’s 2-and-3-wheeler battery system is AIS-156 Phase 2 certified and is in mass production.
Last year, the Bureau of Indian Standards unveiled two standards, IS 18590: 2024 and IS 18606: 2024, to enhance the safety of the EV powertrain and battery performance criteria. The standards relate specifically to vehicles in the two-wheelers, passenger four-wheelers, and goods-carrying four-wheelers categories.