Naxatra Labs raises seed funding led by Delhivery founder, others

Quick Summary:

The company is planning to use the newly raised funds to expand its team across R&D and production.

According to a report by market research firm Mordor Intelligence, electric motors for the EV market is currently valued at $4.80 billion and is expected to register a compound annual growth rate of 28.63% between 2024 and 2029.

Additionally, the company said it is seeing growing international interest in its products and has begin the process of certifying its offerings to meet international standards.

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Article Details

Author / Journalist: Sai Keerthi

Category: StartupsEconomyBusiness

Markets: India

Topics: Technology Policy Production Founder Funding Privacy Labs Naxatra Company Electric Raised

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 09:20:31 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 322 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 24594147

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Official Website: yourstory.com

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