Naxatra Labs Bags $3 Mn To Accelerate EV Motor Production

by · Inc42

SUMMARY

  • Naxatra is planning to develop new product lines by deepening its R&D efforts, expand into new high-growth motor applications
  • The company designs and manufactures high-efficiency electric motors for electric vehicles (EVs) and industrial applications
  • It had raised an undisclosed amount in a seed funding round in December last year, led by GVFL