Neuron Energy, a leading EV battery manufacturer, has successfully raised INR 31 crore in its pre-series B round led by Equanimity Ventures, Rajiv Dadlani Group, Thackersay Family Office, and Chona Family Office, along with participation from some reputed family offices and HNI investors. This funding sets the stage for Neuron’s next phase of large-scale growth. Coming at a time when India’s EV industry is gaining unprecedented momentum, the investment reflects strong investor confidence in Neuron’s technology leadership and long-term vision.
The new capital will be channelled into expanding Neuron Energy’s manufacturing capacity to 3 GWh and establishing a fully automated, state-of-the-art facility for electric four-wheelers and buses at Chakan, Pune. This investment will also strengthen the company’s R&D capabilities, accelerate domestic growth, and broaden its footprint in international markets, ensuring Neuron can deliver high-performance batteries at scale.
Mr. Pratik Kamdar, CEO and co-founder of Neuron Energy, commenting on the funding, said, “This pre-series B round is a defining step in our mission to industrialize 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.”
The company has a low-CapEx and low-OpEx business model, thereby enabling strong operating leverage. It has been growing profitably year-on-year and is on track to achieve INR 200 crore in revenue this year. The company is also confident of achieving sales of over INR 900 crore, with robust profitability, over the next few years. This highlights the company’s strong intent to capture a larger market share and its firm commitment to achieving significant sales growth in the dynamic and rapidly growing EV industry. With a focus on producing high-quality smart batteries and offering the highest service standards, Neuron has established itself as a trusted and reliable brand among OEMs.
Building on years of expertise in smart battery management systems and innovation-led product development, Neuron is now ready to strengthen these capabilities further. The new facility reinforces the company’s leadership in two-wheeler EV batteries. It also signals a strategic entry into heavier vehicle segments. Together, these moves support Neuron’s vision to become a comprehensive EV battery solutions provider and contribute to India’s clean mobility transition.
Mr. Rajesh Sehgal (Equanimity Ventures) added, “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. We are proud to support their next phase of growth as they scale into new vehicle categories and manufacturing capacities.”
Mr. Rajiv Dadlani, from the Family Office of the Rajiv Dadlani Group, said, “Neuron Energy demonstrates remarkable potential to become the market leader, with their renewed focus, in delivering top-quality products. The company and its founders are highly committed to delivering rigorously tested and safe-to-use Li-ion smart batteries. We are confident that they will continue to thrive and set new standards in the industry.”
With this pre-series B investment, Neuron Energy has raised INR 80 crore to date. The company is now set to accelerate capacity expansion and strengthen partnerships across the EV ecosystem.
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