Funding · Mobility & Logistics

EMO Energy raises Rs 59 crore in pre-Series B

By Startup Enthusiast · 19 June 2026

What they do

EMO Energy builds AI-powered battery systems for electric vehicles and energy storage

It raised Rs 59 crore in a pre-Series B round led by Raghav Capital, with participation from Maiuni Ventures and others

The company's valuation jumped 4.3 times to Rs 860 crore from its Series A round in January 2025

EMO Energy raised Rs 59 crore ($6.2 million) in a pre-Series B funding round.
The round was led by Raghav Capital, which contributed Rs 24 crore.
Maiuni Ventures LLP participated with Rs 20 crore.
Existing investor Transition VC added Rs 6.5 crore.
NKA Resources invested Rs 3.61 crore, and MMG Realtech Private Limited put in Rs 5 crore.
The company issued 2,048 pre-Series B CCPS (compulsorily convertible preference shares) in two tranches at an issue price of Rs 2.89 lakh per share.
EMO Energy plans to use the funds for working capital, capital expenditure, and expansion.

The company's post-money valuation jumped to Rs 860 crore ($90 million), a 4.3X increase from its Series A valuation of Rs 202 crore.
EMO Energy's operating revenue grew 2.9 times to Rs 14.42 crore in FY25 from Rs 4.98 crore in FY24.
However, losses also rose 48% to Rs 7.17 crore in FY25 from Rs 4.85 crore in FY24.
The company's largest external shareholder is Transition VC with an 11.63% stake.

EMO Energy builds AI-powered battery systems for electric mobility and energy storage.
Its core product is the ZEN platform, which integrates battery management, thermal management, and fast-charging technologies.
The company serves the EV ecosystem across two-wheelers, commercial vehicles, and energy storage applications.
EMO Energy is headquartered in Bengaluru and was founded in 2022.
In FY25, the company reported operating revenue of Rs 14.42 crore and losses of Rs 7.17 crore.

EMO Energy plans to use the funds for working capital, capital expenditure, and expansion.

Raghav Capital (lead) — Raghav Capital led the pre-Series B round with a Rs 24 crore investment, acquiring a 2.79% stake.
Maiuni Ventures LLP (participated) — Maiuni Ventures LLP invested Rs 20 crore and holds a 2.33% stake.
Transition VC (participated) — Transition VC is an existing investor that added Rs 6.5 crore. It is the largest external shareholder with an 11.63% stake.
NKA Resources (participated) — NKA Resources invested Rs 3.61 crore and holds a 0.42% stake.
MMG Realtech Private Limited (participated) — MMG Realtech Private Limited invested Rs 5 crore and holds a 0.58% stake.

Product: AI-powered battery platform and EV charging infrastructure for commercial electric vehicles.
Customers: EV fleet operators, commercial mobility players, and OEM partners.
How it makes money: Sells battery and charging solutions to business customers for fleet electrification.
What sets it apart: Predictable battery behavior and intelligent battery management for high-utilisation fleets.
Operations: Focuses on two- and three-wheeler mobility today, with expansion into buses and trucks.