Zenergize raises $4 million in Pre-Series A to scale SiC-based power electronics R&D and manufacturing

Zenergize Technologies, an R&D-driven deep-tech company developing indigenous Silicon Carbide (SiC)-based power electronics, has raised USD 4 million in a Pre-Series A round to support the company’s next phase of growth as it expands manufacturing capacity, expands its sales and service network across India. The capital will also help deepen the company’s capabilities as it builds globally competitive power electronics products designed and manufactured in India.

The round, comprising equity and venture debt, was led by Giraffe Studios, which increased its existing investment in Zenergize, with participation from prominent industrial entrepreneurs.

The fundraise follows a hectic year of rapid product iteration followed by commercialization for Zenergize, with the company reaching an annual revenue run rate of INR 30 crore and building an order book exceeding INR 150 crore within a year of commercialization.

The round brought together investors, including Nikhil Sawhney of Triveni Turbine Limited; Varun Agarwal of Ellenbarrie Industrial Gases; Shyam Bagri of Bagrry’s Holdings; Raoul Bajaj of Trafigura; prominent angel investor Sunil Kalra; Ajith Pai, former COO of Delhivery; Sandeep Barasia, former CBO of Delhivery; Nitin Jain, Managing Director of Neo Group; and Hemant Daga, CEO of Neo Bank, alongside other angel investors and continued participation from existing investors.

“Beyond capital, these investors will support Zenergize in scaling manufacturing operations, strengthening supplier partnerships and building long-term relationships across India’s renewable energy and electric mobility ecosystem,” said the company.

Zenergize claims to have built India’s first indigenous SiC-based DC fast charger and solar inverter platforms, bringing advanced power electronics technology to commercial deployment in India. With automotive certifications for its chargers and BIS certification for its solar inverters, Zenergize is now scaling manufacturing and expanding its technology platform into hybrid and BESS inverters.

The fresh capital will primarily be deployed towards expanding manufacturing capacity, strengthening engineering, growing its nationwide service network and sales footprint, accelerating research and development, and building the operational capabilities required to serve large enterprise and OEM customers. Zenergize expects the investment to support its ambition of scaling to an annual revenue run rate exceeding INR 100 crore over the next phase of growth. 

Zenergize Technologies’ product portfolio includes solar inverters and AC and DC EV chargers ranging up to 240 kW, while hybrid inverters and battery energy storage systems (BESS) are currently under development. With an integrated technology stack spanning hardware, firmware, embedded software and digital control systems, Zenergize is building power electronics products engineered specifically for Indian operating conditions. The company is supported by a pan-India service network, enabling installation and after-sales support across the country.