EV battery solutions provider Neuron Energy has secured ₹31 crore in a pre-Series B funding round, aiming to scale up its battery manufacturing capacity and strengthen its footprint in India’s fast-growing electric mobility market.
The funding round was led by Equanimity Ventures, with significant participation from the Rajiv Dadlani Group, the Thackersay Family Office, the Chona Family Office, and several other family offices and high-net-worth investors. With this latest infusion, Neuron’s total funding to date now approaches ₹80–81 crore.
Neuron says it will use the fresh capital to build a fully automated, large-scale battery manufacturing facility at Chakan, Pune, boosting its total capacity to 3 GWh per year. The new plant will cater to electric four-wheelers and buses, helping meet rising demand for EV batteries in both passenger and commercial segments.
Beyond merely scaling capacity, Neuron aims to strengthen its research & development capabilities. The funds will support development of advanced EV battery solutions, with focus on reliability, scalability, and compatibility across heavier vehicles — signaling the company’s ambition to go beyond two-wheelers and light EV segments.
Financially, Neuron Energy claims a low-CapEx and low-OpEx business model, giving it strong operating leverage. The firm expects to generate around ₹200 crore in revenue this financial year and projects that, with the expanded production and growing demand, it could scale to ₹900–₹1,000+ crore over the next few years.
In a broader sense, this funding and planned expansion by Neuron Energy underscores growing investor confidence in India’s EV ecosystem. By boosting domestic battery manufacturing capacity and reducing reliance on imports, Neuron’s upscaled operations could play an important role in supporting India’s push for clean mobility, localized supply chains, and sustainable EV adoption.
