4
New Delhi-based mobility startup Tsuyo Manufacturing has raised $4.5 million in funding in a round led by Avaana Capital.
The funds will be used to build a greenfield manufacturing facility, set up an R&D centre, and expand export operations and partnerships with automakers across Southeast Asia, Japan, Korea, and Europe.
Founded in 2020, Tsuyo designs and manufactures core powertrain systems for electric vehicles, covering motors and controllers for three- and four-wheelers, trucks, buses, off-road vehicles such as mining dump trucks, forklifts,…
