Entellus Industries raises Rs 50 Cr from ZeroW

Chennai-based Entellus Industries has raised Rs 50 crore (about $5.5 million) in its second funding round led by ZeroW. 

Entellus had earlier raised $12 million from Silicon Valley–based Social Capital to establish its NdPr metal and bonded powder alloy plants. 

The proceeds will be used primarily for capital expenditure to expand Entellus’ manufacturing capabilities into sintered alloys and to commercialise its existing rare earth products. 

With this expansion, the firm expects to support a production capacity of around 2,000 tonnes of magnets annually.

Founded in 2022, Entellus focuses on manufacturing rare earth metals and alloys, including neodymium-praseodymium (NdPr) metal, bonded powders, and strip-cast alloys. These materials are key inputs for permanent magnets used across electric vehicles, wind energy, defence systems, and advanced electronics. 

The brand is setting up its manufacturing operations in Tamil Nadu.

ZeroW is backed by the Mekapati Family Office, promoters of the KMC Group, described as one of India's largest infrastructure conglomerates. The firm specializes in investments in deep-tech and emerging sectors.