Gurugram-based deeptech company Zenergize Technologies has raised $4 million in a Pre-Series A round led by Giraffe Studios, with participation from industrial entrepreneurs and existing investors. The round includes both equity and venture debt. The fresh capital will be used to expand manufacturing capacity, strengthen engineering and R&D, build its sales and service network, and support product development. Zenergize is also developing hybrid inverters and battery energy storage systems (BESS). Founded by Navneet Daga and Veer Karan Goyal, Zenergize develops Silicon Carbide (SiC)-based power electronics for electric mobility and renewable energy. Its products include solar inverters and AC and DC EV chargers, with chargers supporting capacities of up to 240 kW. The company claims to have reached an annual revenue run rate of Rs 30 crore and has an order book exceeding Rs 150 crore within a year of commercialisation. Its EV chargers have received automotive certifications, while its solar inverters have received BIS certification. The investor group includes Nikhil Sawhney, Varun Agarwal, Shyam Bagri, Raoul Bajaj, Sunil Kalra, Ajith Pai, Sandeep Barasia, Nitin Jain and Hemant Daga, among others. Zenergize aims to increase its annual revenue run rate to over Rs 100 crore within the next nine months. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
