EMO Energy Bags $6.2 Mn To Expand Energy Solutions For Two And Three-Wheelers

SUMMARY

The startup plans to deploy the fresh proceeds to expand its energy solutions for two and three-wheelers to over 1 Lakh vehicles over the next two years and aims to deploy 1 GWh of energy storage

The investment will also support boosting its R&D capabilities for proprietary battery health extension software and expanding its team to meet increasing operational demands

Founded in 2022 by Sheetanshu Tyagi and Rahul Patel, EMO Energy is a deep energy-tech startup focused on enabling EV adoption and urban decarbonisation

Bengaluru-based energy tech startup EMO Energy has raised $6.2 Mn (INR 53.1 Cr) in its Series A funding round led by Subhkam Ventures, along with participation from existing investor Transition VC.

The startup plans to deploy the fresh proceeds to expand its energy solutions for two and three-wheelers to over 1 Lakh vehicles over the next two years and aims to deploy 1 GWh of energy storage.

The investment will also support boosting its R&D capabilities for proprietary battery health extension software and expanding its team to meet increasing operational demands. Apart from these, the capital will be used to further scale up the company’s advanced battery software and hardware solutions for mobility and energy storage.

Founded in 2022 by Sheetanshu Tyagi and Rahul Patel, EMO Energy is a deep energy-tech startup focused on enabling EV adoption and urban decarbonisation. The company aims to contribute to the country’s EV growth with its 30-minute portable battery packs and a full-stack technology offering, all built in-house.

“Our focus is to create an integrated urban energy solution by deploying batteries and chargers in energy storage and light mobility. Over the last 12 months, EMO has forged critical high-volume partnerships across major OEM’s, and with the latest infusion of capital, we are now well-equipped to scale from 2 to 2000 kWh,” Tyagi said.

He said that EMO is building an ecosystem where dark stores and commercial establishments will operate EMO-enabled delivery vehicles, powered by EMO fast chargers and energy storage systems, all managed through integrated energy management software.

He added that the funding will help accelerate their mission to reshape the future of urban India and expand their impact on sustainable solutions for clean energy.

The startup claims to have deployed over 2,000 battery packs in the mobility segment and is conducting production-ready pilots for energy storage systems (ESS) to provide peak shaving/backup and replace diesel generators in industrial and commercial settings. Some of its clients include Kinetic Green, BigBasket, Domino’s and Blinkit.

The startup has so far raised $7.4 Mn and counts Transition VC, Gruhas, as key investors.