Electric vehicle powertrain manufacturer Entuple E-Mobility raised $3 million in Pre-Series A funding from Blue Ashva Capital and Capital A.
Entuple creates powertrains for electric two-wheeler, three-wheeler, and four-wheeler applications. It has also created a variety of traction motors, including BLDC, PMSM, SynRM, SRM, and induction motors. Entuple plans to use the new funds to expand its research and development capabilities in order to develop next-generation traction motors. The funds will also be used to expand the startup’s technological offerings. According to a Mordor Intelligence report, India’s electric vehicle market, which was estimated to be $1,434 billion in 2021, is expected to grow to $15,397 billion by 2027. By 2027, the industry will have grown at a CAGR of 47.09%.
