Deep tech startup EMO Energy has secured $6.2 million in an equity funding round led by Subhkam Ventures.

Both new and returning investors, including Transition VC participated in the round.

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EMO Energy Funding Goals

Over the following two years, the money will be utilized to grow its staff, invest in research and development (R&D) skills for its patented battery health enhancement software.

“We currently have around 2,000 batteries in operation within the hyperlocal delivery segment, and we aim to scale this to approximately one lakh vehicles, where they will use our battery packs, connected chargers, and entire energy software to develop a complete energy ecosystem,” cofounder and chief executive Sheetanshu Tyagi told ET.

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About EMO Energy

EMO Energy a deeptech mobility firm founded in 2022 by Sheetanshu Tyagi and Rahul Patel, is dedicated to creating battery-powered solutions for electric vehicles. Its goal is to scale fireproof, high-energy battery technology in order to enable a net-zero future.

Over the course of three rounds, EMO Energy has raised a total of $1.43 million. The initial round of investment was held on April 11, 2022.

Its most recent round of funding was a $1.22 million seed round on April 26, 2023. Its most recent round included two investors, namely Transition VC and Gruhas.

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