Neuron Energy, a leading EV battery manufacturer, has raised ₹31 crore in its Pre-Series B funding round, marking a major boost to its domestic and global growth ambitions. The investment was led by Equanimity Ventures, Rajiv Dadlani Group, Thackersay Family Office, Chona Family Office, along with participation from several prominent family offices and HNI investors.
The funding comes at a time when India’s electric mobility sector is witnessing rapid expansion, reinforcing strong investor confidence in Neuron Energy’s technological capabilities and long-term strategy.
The fresh capital will be utilized to scale the company’s manufacturing capacity to 3 GWh and set up a fully automated, state-of-the-art facility dedicated to electric four-wheelers and buses at Chakan, Pune. Neuron also plans to strengthen its R&D initiatives, accelerate domestic expansion and establish a stronger presence in international markets, enabling large-scale production of high-performance EV batteries.
Calling the investment a defining milestone, Pratik Kamdar, CEO and Co-Founder of Neuron Energy, said, “This Pre-Series B round is a defining step in our mission to industrialise world-class battery manufacturing in India. As EV adoption accelerates, we are focused on building capacity, embedding automation, and pushing the boundaries of performance and reliability. This investment ensures we can deliver at scale, both in India and globally.”
Neuron Energy operates on a low-CapEx and low-OpEx business model, enabling strong operating leverage and year-on-year profitable growth. The company is on track to achieve ₹200 crore in revenue this year and aims to cross ₹900 crore in sales over the next few years, supported by rising demand for smart lithium-ion batteries.
Backed by years of expertise in battery management systems and innovation-driven product development, Neuron is now poised to reinforce its leadership in the two-wheeler EV battery segment while making a strategic entry into heavier vehicle categories. The new facility further enhances its position as a comprehensive EV battery solutions provider contributing to India’s clean mobility transition.
Highlighting the company’s potential, Rajesh Sehgal of Equanimity Ventures said, “We see immense potential in Neuron Energy’s approach to EV battery innovation and scalability. Their focus on quality, automation, and energy efficiency aligns with the evolving demands of the EV industry in India and beyond.”
Rajiv Dadlani of Rajiv Dadlani Group added, “Neuron Energy demonstrates remarkable potential to become the market leader, with their renewed focus on delivering top-quality products. The company and its founders are highly committed to delivering rigorously tested and safe-to-use Li-Ion smart batteries.”
With the latest round, Neuron Energy has raised a total of ₹80 crore to date and is poised to accelerate its capacity expansion and deepen its partnerships across the EV ecosystem, positioning itself strongly in India’s rapidly growing clean mobility landscape.
