Deeptech Startup Naxatra Labs Secures $3M Pre-Series A from Rainmatter, Eyes Expansion

• Deeptech startup Naxatra Labs raised $3 million in a Pre-Series A funding round led by Nithin Kamath-led Rainmatter.
• The funding round saw participation from notable founders and operators including Vijay Shekhar Sharma of Paytm and Aloke Bajpai of Ixigo.
• Naxatra Labs designs and manufactures high-efficiency electric motors for EV and industrial applications, focusing on indigenous technology.
• The capital will be used to deepen R&D, expand into new motor applications, scale manufacturing capacity, and strengthen its export footprint.
• Plans include expanding product lines, hiring engineering and manufacturing teams, and increasing production to 50,000 motors per month.

Why It Matters: Naxatra Labs' $3M funding fuels R&D, manufacturing scale, and India's EV motor tech growth.