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Battery-Tech Start-Up EMO Energy Raises $1.2 Million In Seed Funding Led By Transition VC, Co-Led by Gruhas

The brand offers battery packs for light EVs, which are powered by ZEN, a proprietary cell-agnostic tech platform that allows 100 per cent fire safety, twenty-minute fast charging, and 120 per cent improvement in battery life

Battery-Tech Start-Up EMO Energy Raises $1.2 Million In Seed Funding Led By Transition VC, Co-Led by Gruhas
Left To Right, Rahul Patel and Sheetanshu Tyagi, co-founders of EMO
POSTED ON May 23, 2023 4:04 PM

EMO Energy, a battery-tech start-up, has raised Rs 10 Crore ($1.2 Million) in a seed round led by Transition VC, and co-led by Gruhas.
Founded in February 2022 by Sheetanshu Tyagi and Rahul Patel, EMO is a deep-tech energy start-up that aims to decarbonize the developing world by implementing battery-powered solutions in high-power and high-energy applications.

The brand offers battery packs for light EVs, which are powered by ZEN, a proprietary cell-agnostic tech platform that allows 100 per cent fire safety, twenty-minute fast charging, and 120 per cent improvement in battery life. 

Prior to starting EMO, Sheetanshu, and Rahul were integral to the battery pack teams at Ola Electric, Sun Mobility, Rivian, Alta Motors, Ather, and General Motors. They were responsible for implementing the hardware and software technology besides manufacturing processes to build the battery pack from scratch.

Speaking on the round, EMO’s Co-founder and CEO, Sheetanshu Tyagi said, “EMO's goal is to enable mass adoption of EVs and ESS by deploying ZEN, our Patented battery tech platform across applications that demand High Power and High Energy. ZEN PAC, the platform's twenty-minute charge battery pack for two and three-wheelers allows the lowest total operating cost (<Rs. 1/km), >5 years warranty and 120 per cent improvement in the Life of standard NMC and LFP Cells. This has been proven for >10,000 km with multiple OEMs and Fleet Operators across the most extreme abuse and environmental conditions (-20 to 60 deg C). All this is possible only due to EMO's Patented Battery Construction, Immersion Thermal Management Systems and Life Extension Algorithms.

Thanking their investors, he said, “Transition VC and Gruhas are the ideal early-stage partners for our mission as they're just as committed to implementing safe, reliable battery technology at scale. We believe that their insight, expertise, and perspective are going to be instrumental to our success as a start-up.”

Commenting on leading EMO’s seed funding, Transition VC’s Co-founder and Managing Partner Mohammed Shoeb Ali said, “As the EV landscape in India continues to evolve, concerns pertaining to battery quality and reliability stay intact. Solutions like EMO’s ZEN Platform are integral to India’s endeavors to sustain its EV goals and achieve Net-Zero. EMO has an excellent product for mobility and storage applications. Its batteries utilize the latest and safest immersion thermal management technology and allow fast charge and higher vehicle power. This along with the in-house Smart BMS and AI Battery Life Extension algorithms, allows continuous optimization of performance and a 2X increase in lifespan. With a promising proposition, EMO will play a crucial role in the transformation of India’s battery-tech segment.”

Co-Founder and Partner of Gruhas, Abhijeet Pai shared “India is undergoing a significant transformation towards self-sustainability with Electric Vehicles. We are excited to be a part of this shift with EMO Energy, which is customizing battery solutions for the Indian ecosystem, paving the way for a greener and more sustainable future. At Gruhas we look forward to supporting thought leaders of EMO scale into multiple applications”.
 
Adding to Transition VC’s statement, its General Partner Rajesh Doshi said, “The 2 & 3-wheeler EV market is fragmented today. Our estimates say that 50-60% of companies will outsource their powertrain components, which will be approximately an INR 23,850 crore ($2.9 billion) market opportunity in 2025. With superior performance and safety, EMO is set to become the leading player in the market.”
 

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