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EV Start-Up Entuple Raises $3 Million

The company will utilise the capital to strengthen its research and development capabilities

EV Start-Up Entuple Raises $3 Million

Outlook Start-Up Desk

POSTED ON January 13, 2023 11:56 AM

Bengaluru-headquartered Electric Vehicle start-up Entuple E-Mobility has bagged $3 million in a pre-Series A funding round led by Blue Ashva Capital and Capital A. 

The company will utilise the capital to strengthen its research and development capabilities to improvise next-generation technologies for customers. Additionally, the investment will help Entuple to serve its OEM ( original equipment) customers with advanced technology offerings, the company said in a statement. 

"We are substantially enhancing our R&D capabilities through talent acquisition, investment in design and simulation tools, and advanced test setups," Rakesh Mishra, the founder and CEO, said in a statement. 

"The growth of the EV market largely depends on access to technology and supply chain for battery cells and powertrains, which account for almost 60% of the cost of the vehicle. Entuple E-Mobility is well positioned to cater to quality and cost requirements of its clientele, ” Satya Bansal, the founder of Blue Ashva Capital, added. 

Founded in 2019, Entuple is known for designing and developing EV charging stations and drivetrains ( electric motors and controllers). Multiple sources reported that the company created 23 integrated motors and controllers. Additionally, it claims to launch a bunch of hub and mid-drive motor powertrains for two and three-wheelers. 

Recently, multiple EV companies were seen to bag investments. Prior to Entuple, ElectricPe raised $5 million in a funding round led by Green Frontier Capital, Blume Ventures and Miecilo Fund. 
 

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