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Analysis · Climate, Energy & Sustainability

Zenergize raises $2 million seed round from two investors

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Zenergize logo
Date
Company
Zenergize
What it does
Builds indigenous power electronics for EV and solar
Kind
Analysis
Amount
$2M
Stage
seed
Sector
Climate, Energy & Sustainability

What they do

Zenergize builds deep-tech power electronics for electric vehicle charging and solar energy systems

What happened

The company raised $2 million in a seed round led by Mohit Tandon and Himanshu Aggarwal

Why it matters

Its chargers operate at high temperatures with near-perfect efficiency using proprietary silicon carbide technology

The details

  • Zenergize has raised $2 million in a seed round of funding.
  • The investment came from Mohit Tandon and Himanshu Aggarwal.
  • This capital supports the development of its indigenous power electronics for EV and solar applications.
  • The startup focuses on building robust hardware capable of handling harsh operating conditions.
  • Its technology stack includes proprietary firmware and manufacturing processes for critical components.
  • The funding validates the demand for reliable Indian-made power electronics solutions.
  • Investors are backing the team's expertise in management consulting and power electronics.
  • This round establishes the financial foundation for scaling production and R&D efforts.

The bigger picture

  • India is aggressively expanding its EV charging infrastructure requiring reliable local components.
  • Import substitution in power electronics reduces dependency on foreign supply chains.
  • Deep-tech startups face high barriers to entry making early validation crucial.
  • Solar energy adoption drives parallel demand for efficient inverter technologies.

About the business

  • Zenergize manufactures DC fast-charging modules for electric vehicles.
  • Its chargers maintain ~98.5% efficiency using advanced Silicon Carbide (SiC) components.
  • The hardware operates reliably at temperatures up to 55°C without failure.
  • Systems auto-restart after grid outages ensuring continuous service availability.
  • The company develops insulation monitoring devices and PLC-based controllers in-house.
  • Solar inverters use HERIC topology and proprietary MPPT algorithms for optimization.
  • Manufacturing uses a hybrid model with global OEMs and Indian vendors.
  • Inductors, resistors, and enclosures are sourced from domestic suppliers.
  • Some specialized parts are manufactured in-house to control quality and cost.

The deal

Type
Seed Round

Investors

  • Mohit Tandon (investor)
  • Himanshu Aggarwal (investor)

Founders

  • Navneet Daga, Co-founder
  • Veer Karan Goyal, Co-founder

About Zenergize

Product
Silicon carbide-based power electronics, including EV chargers and solar inverters.
Customers
Electric mobility and renewable energy businesses.
How it makes money
Hardware product sales and related deployment for industrial and infrastructure customers.
What sets it apart
R&D-driven development of indigenous SiC power electronics.
Operations
Expanding manufacturing, engineering, sales, service, and product development capabilities.

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