Entuple E-Mobility will deploy the capital to strengthen its R&D capabilities to develop next-generation traction motors and drives for mobility applications.
The funding will also enable Entuple to enhance its advanced technology offering to its OEM customers, the statement added.
“The current round of funding will significantly boost our capability to develop and deliver next-generation powertrain technologies to the market. We are substantially enhancing our R&D capabilities through talent acquisition, investment in design and simulation tools, and advanced test setups. We are focused on bringing in technologically superior powertrains across the complete spectrum of mobility applications. We will also be launching a suite of hub-motor and mid-drive motor powertrains over the next three months. The homologation process is underway,” said Rakesh Mishra, Founder & CEO, Entuple E-Mobility.
Entuple E-Mobility has developed a product portfolio of 23 variants of integrated motors (including hub motors, mid-drive and heavy-duty motors) and controllers.
INDIA DEAL MONITOR
Here are the prominent venture capital transactions in India announced from January 10-15, 2022.