Zenergize Technologies | $4M (Pre-Series A)

Founders: Navneet Daga (CEO), Dr. Veer Karan Goyal (CTO)

HQ: Gurugram

Sector: Deep Tech / Power Electronics

What they do

→ Builds Silicon Carbide (SiC)-based power electronics for EVs and renewable energy

→ Makes solar inverters and AC/DC EV chargers with capacities up to 240 kW

→ Claims India's first domestically developed SiC-based DC fast-charging and solar-inverter platforms

→ Also developing hybrid inverters and Battery Energy Storage Systems (BESS)

The Funding

→ Raised $4M, combining equity and venture debt

→ Led by Giraffe Studios (existing investor, increased its stake)

→ Joined by industrial entrepreneurs including Nikhil Sawhney (Triveni Turbine), Varun Agarwal (Ellenbarrie Industrial Gases), Shyam Bagri (Bagrry's Holdings), Raoul Bajaj (Trafigura), and former Delhivery execs Ajith Pai and Sandeep Barasia

Why it matters

→ Hit ₹30 Cr annual revenue run rate and a ₹150 Cr+ order book within just one year of commercialisation

→ Targets scaling to ₹100 Cr run rate within 9 months

→ Backing signals industrial leaders betting on India-made, India-tailored power electronics

→ Plugs into India's EV charging and solar buildout at the component level, not just the app layer

Can India build a real semiconductor supply chain, or will core components stay imported?