Funding Frenzy: EMO Energy, Oben, Zoplar & More Score Big Series A Cheques!
Exciting developments are afoot in the world of clean energy and medical tech as several groundbreaking startups are making waves in India! Bengaluru has birthed innovative companies like EMO Energy, Oben Electric, and Zoplar, all of which have recently secured substantial funding through their Series A investment rounds. And that’s not all—Moonrider, retail analytics trailblazer Bodmas Technologies, and sports startup KIBI Sports have also joined the fundraising frenzy!
Leading the charge in the medical equipment sector, Zoplar has successfully raised an impressive $3.4 million in its Series A funding round, spearheaded by a prominent venture capital firm.
With additional backing from a range of investors, Zoplar has now amassed a total of $5.1 million to propel its mission forward. The fresh capital will be strategically allocated to enhance operational efficiencies, tighten its supply chain, and build a robust service engineering team that will ensure top-notch support for its clients.
Founded by the dynamic duo Amit Sah and Umesh Sharma, Zoplar is revolutionizing the procurement of medical equipment for MSME hospitals. Their platform streamlines the process to help healthcare providers find the best prices, manage vendor relationships, provide superior after-sales services, and access flexible financing solutions.
On another exciting front, retail analytics innovator Bodmas Technologies has landed its inaugural funding from Auxano Capital, marking a significant milestone in its growth journey. While the exact amount remains under wraps, the startup is gearing up to enhance its tech infrastructure and expand its retail network.
Based in Gurugram, Bodmas operates the ClicFlyer platform, which empowers companies to analyze and optimize their promotional campaigns. This innovative platform not only aids businesses in maximizing their outreach but also provides consumers with a one-stop shop for the latest deals and discounts.
Moving back to the energy sector, EMO Energy is electrifying the market with its groundbreaking battery solutions! This Bengaluru startup has just raised $6.2 million in a Series A round, with participation from both new and existing investors.
With earlier successes under its belt, including a $1.2 million seed round, EMO Energy is using this new funding to scale its energy solutions for two and three-wheel vehicles, aiming to deploy over 100,000 vehicles in the next two years. They’re also on a mission to roll out 1 gigawatt hour of energy storage capacity!
Founded by industry veterans from Tesla and General Motors, EMO Energy is utilizing its proprietary technology stack, ZEN, which promises rapid charging in just 20 minutes and impressive longevity with over 3,000 charging cycles for electric vehicles.
Meanwhile, the homegrown electric motorcycle manufacturer, Oben Electric, has successfully raised $5.8 million in funding, setting the stage for ambitious expansion plans across India.
With backing from a diverse group of investors, Oben Electric is on a mission to increase its distribution network significantly by adding over 100 showrooms and service centers in 50 cities by 2026. This is a brand to watch as they continue to innovate in the electric vehicle space!
Founded in 2020, Oben Electric is dedicated to developing electric two-wheelers that are not only efficient but also cost-effective for consumers.
Also making headlines is KIBI Sports, a startup that just secured $100,000 in early-stage funding. Founded by former national-level athlete Sagar Rai, KIBI is creating a digital marketplace that connects athletes with the equipment they need, offers sponsorship opportunities, and streamlines event registrations.
