Deep energy tech startup EMO Energy raises $6.2 million in funding

Deep energy tech startup EMO Energy has raised $6.2 million in a Series A funding round led by Subhkam Ventures, with participation from both new and existing investors, including Microtek Group, SRK Family Office and Transition VC.

Founded in 2022 by entrepreneurs and engineers Sheetanshu Tyagi and Rahul Patel, who bring experience from Tesla and Ather, EMO Energy provides fast-charging battery packs for electric two- and three-wheelers, aiming to make clean mobility more accessible across India.

Funding to scale battery solutions  

The startup plans to use the fresh capital to grow its battery packs, connected chargers and energy software solutions to power more than 100,000 vehicles in the next two years.

EMO Energy also intends to deploy 1 GWh of energy storage and strengthen its research and development capabilities for battery health extension software.

Tyagi, the startup’s co-founder and CEO, said the goal is to create an integrated urban energy solution by installing batteries and chargers that can fully recharge in 20 minutes while keeping safety at the forefront.

Growing partnerships and revenue  

EMO Energy’s client list includes well-known names such as Kinetic Green, BigBasket, Domino’s and Blinkit. Currently, over 90% of the startup's revenue comes from battery sales, though it aims to expand its software offerings to account for more than half of its revenue within three to five years.

The startup reports it has 2,000 battery units in operation, mostly in hyperlocal delivery, and aims to increase this figure significantly. After earning Rs 10 crore in revenue so far in fiscal year 2025, EMO Energy hopes to double that amount by March.

This funding round marks EMO Energy’s second capital infusion, following a $1.2 million seed round led by Transition VC and Gruhas in May 2024.

With the additional resources, EMO Energy is now equipped to move from deploying just a few kilowatt-hours of capacity to scaling up to 2,000 kWh, laying the groundwork for faster and more reliable battery charging solutions.