Naxatra Labs, a manufacturer of motors and controllers for electric vehicles (EVs), has raised $3 million in a Pre-Series A funding round led by Rainmatter by Zerodha.

The Gurugram-based company plans to scale its technology and manufacturing capabilities while targeting high-impact markets globally. Naxatra Labs designs and manufactures motors and controllers for EVs, agricultural equipment, power tools, and other industrial applications. The company operates with an in-house research and development and production setup, where motors are designed, tested, and manufactured to maintain control over performance, quality, and scalability.

Its technology focus is centered on improving efficiency, reducing weight and increasing power density, areas that directly impact energy consumption and operating costs across sectors. Motors are estimated to consume over 50% of the electricity produced globally, making efficiency gains a critical lever for energy optimization.

According to the company, its motors offer up to 10% higher average efficiency than competing products, resulting in better energy utilization and improved real-world performance.

In EV applications, this translates into a 5% to 8% increase in operating range per charge. The motors are also around 20% lighter due to reduced material consumption, improving overall vehicle energy efficiency.

Naxatra’s motor platform is adaptable across bikes, scooters, and mopeds, allowing deployment across multiple vehicle categories without major design changes.

EV sales in India reached 560,637 units in the third quarter (Q3) of 2025, an over 12.5% year-over-year increase from 497,974 units. EVs accounted for 8% of the overall automobile sales, which totaled 5,796,216 units in Q3, according to data released by the Ministry of Road Transport and Highways through its Vahan Dashboard. India now has over 7.02 million registered EVs.

Electric two-wheelers comprised nearly 56% (312,681) of the total EVs sold during the quarter. Electric three-wheelers constituted 34.5% (193,633) of all EVs sold in Q3. Electric four-wheelers accounted for 8.5% of the total sales of 48,166 units.