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EV powertrain technology company Entuple E-Mobility has raised $3 million in Series A funding from Blue Ashva Capital and Capital A. Funds raised will be used to further strengthen research and development capabilities to develop next-generation mobility applications for traction motors and drives, including machine learning and advanced telematics capabilities in its products.Funding will also enable Entuple to enhance its advanced technology offerings to OEM customers
“We are delighted to have Blue Ashva Capital and Capital A as our investors. This round of financing will significantly enhance our ability to develop and bring next-generation powertrain technologies to market. We are substantially enhancing our research and development capabilities through talent acquisitions , investments in design and simulation tools, and advanced test setups. We are focused on introducing technically superior powertrains across the spectrum of mobility applications. We will also launch a suite of in-wheel motor and mid-drive motor powertrains globally “The certification process is ongoing,” said Rakesh Mishra, founder and CEO of Entuple E-Mobility. “
Entuple E-Mobility has developed a portfolio of 23 integrated motors (including hub motors, mid-drive and heavy-duty motors) and controllers. These motors and controllers are tested to have high system-level energy efficiency of >91%, while competitive products typically have efficiencies around 70%. The company also develops a range of custom products and solutions for the space technology, aerospace and defense sectors, the company claimed in a statement.
“There is a huge gap in the EV value chain in India, with critical components highly dependent on low-reliability imports. We believe that the growth of the EV market is largely dependent on access to technology and supply chains for batteries and powertrains, which account for almost 60% of the cost. Entuple E-Mobility is well positioned to meet the quality and cost requirements of its customers. We are delighted to be working with Rakesh and his team to further expand our portfolio of EV value chain papers,” said Satya Bansal, Founder of Blue Ashva Capital.
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