Follow India Renewable Energy News on WhatsApp for exclusive updates on clean energy news and insights
Tsuyo Secures Rs 400 Million from Avaana Capital to Expand EV Motor Manufacturing
Oct 30, 2025
Greater Noida-based EV powertrain manufacturer Tsuyo has raised Rs 400 million (~$4.82 million) in a Pre-Series A funding round led by Avaana Capital. The investment will fuel the setup of a new electric motor production facility and an advanced R&D center to enhance the company’s innovation in high-performance EV components.
The upcoming facility will manufacture electric motors ranging from 15 kW to 250 kW, with an annual capacity of 20,000 units. It will also feature in-house testing tracks and validation systems designed to meet PM E-DRIVE and FAME standards. Meanwhile, the new R&D center will focus on power electronics, embedded systems, and prototype development.
As a tier-1 supplier, Tsuyo currently delivers integrated powertrain solutions to more than 25 OEMs across electric three- and four-wheelers, commercial vehicles, and off-road mobility applications. Having supplied over 150,000 units so far, the company is now expanding its market presence across Southeast Asia, Japan, Korea, and Europe.
According to government data, India’s electric vehicle market continues to grow rapidly, with over 560,000 units sold in Q3 2025 — representing around 8% of total vehicle sales. Tsuyo’s expansion aligns with this accelerating demand for sustainable mobility solutions.