Analysis · Climate, Energy & Sustainability
Zenergize raises $2 million seed round from two investors
By Startup Enthusiast ·
- Date
- Company
- Zenergize
- What it does
- Builds indigenous power electronics for EV and solar
- Kind
- Analysis
- Amount
- $2M
- Stage
- seed
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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