Neuron Energy raises Rs 20 Cr in pre-Series A led by Equanimity

EV smart battery manufacturer Neuron Energy has raised Rs 20 crore in its pre-Series A Round led by Equanimity Investments and the Rajiv Dadlani Group. The round also saw participation from Chona Family Office (Havmor Group) and Kayenne Ventures, alongwith reputed Family Offices and HNI investors.

According to Neuron Energy, the funds will be used to support key initiatives, such as obtaining essential ICAT Certifications and investing in mould development, along with strengthening the workforce. Furthermore, the funding will fuel Neuron’s expansion of Li-Ion smart batteries for EV 2W’s and 3W’s while aiding in the brand’s venture into drone batteries. 

Founded by Pratik Kamdar and Raj Shah, Neuron provides lithium-ion and lead-acid technology smart batteries for e-Bike, e-Rickshaws, and Golf Carts. 

The Mumbai-based startup has a large export and domestic network, for sales in e-Bike smart batteries. The company’s branded products are sold through its extensive pan India network, of multiple depots and distributors. Neuron Energy has also increased its export footprint, to the Middle East, Europe, and South-East Asia.