Blue Ashva Capital and Capital A have invested $3 million in Entuple E-Mobility, an EV powertrains technology firm. Entuple E-Mobility will use the funds to expand its research and development capabilities in order to produce next-generation traction motors and drives for mobility applications, as well as machine learning and advanced telematics capabilities in its products. Entuple will also be able to improve its advanced technology offering to OEM clients as a result of the finance.
Entuple E-Mobility has created a product portfolio that includes 23 different types of integrated motors (including hub motors, mid-drive motors, and heavy-duty motors) and controllers. These motors and controllers have been tested to have high system level energy efficiencies of more than 91 per cent, whereas competing goods typically have efficiencies of 70 per cent or less.
Commenting on the funding, Rakesh Mishra, Founder & CEO, Entuple E-Mobility said, “We are delighted to have Blue Ashva Capital and Capital A as our investors. The current round of funding will significantly boost our capability to develop and deliver next-generation Powertrain technologies to the market. We are substantially enhancing our R&D capabilities through talent acquisition, investment in design and simulation tools, and advance test set-ups. We are focused on bringing in technologically superior powertrains across the complete spectrum of mobility applications. We will also be launching a suite of hub-motor and mid-drive motor powertrains over the next three months. The homologation process for which is underway.”
Satya Bansal, Founder, Blue Ashva Capital said, “There exists a huge gap in India’s EV value chain with high reliance on low-reliability imports for critical components. We believe that the growth of the EV market largely depends on access to technology and supply chain for battery cells and powertrains which account for almost 60% of the cost of the vehicle. Entuple E-Mobility is well positioned to cater to the quality and cost requirements of its clientele. We are happy to work with Rakesh and his team to further augment our portfolio for EV value chain thesis.”
Ankit Kedia, Founder, Capital A said, “Indigenization of EV automotive supply chains is important for faster development and go to markets for EV’s suitable for Indian weather conditions and overall affordability of the vehicle. We are happy to be supporting companies like Entuple in achieving this.”
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Entuple E-Mobility has introduced a line of hub-motor and mid-drive motor powertrains for 2Wh and 3Wh applications, utilising its indigenous, cost-competitive, efficient, and dependable next-generation powertrain solution stack.
The product development approach of Entuple E-Mobility is based on four key pillars: efficiency (high motor and controller efficiency – for Indian drive cycle – to increase range), reliability (for varied drive conditions), intelligent (smart powertrains enabled with advanced algorithms), and localization (maximize local sourcing to benefit from the FAME II scheme).
The company has also created a number of custom products and solutions for the space, aerospace, and defense industries.
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