Neuron Energy secures INR 20 crores in Series A funding round • EVreporter

Neuron Energy, a startup specializing in electric vehicle batteries, has announced the successful completion of a INR 20 crores Series A funding round. This investment will be directed towards advancing battery technology and expanding production capabilities.

The funding round saw participation from key investors, including the Chona Family Office and Capri Global Family Office. Neuron Energy plans to set up a 40,000 sq ft production facility in Delhi and a new R&D lab in Pune. The company projects revenues of INR 150-200 crores for the current fiscal year and aims to reach INR 300 crores by FY 25-26, positioning itself for substantial growth in the EV market.

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