India, Jan. 27 -- Manufacturing startup Entellus Industries has secured INR 50 Cr (about $5.5 Mn) in a funding round led by deeptech-focussed investment firm ZeroW, founded by Mekapati Family Office - the promoter of KMC Group.

Founded in 2022 by Simha Kumar and Nagarajan Mahadeven, the startup is focused on manufacturing rare earth metals and alloys to produce NdPr metal (an alloy of Neodymium and Praseodymium), bonded powders, and strip-cast alloys, which are critical inputs for permanent magnets.

It plans to use the fresh capital to expand into sintered alloys. A part of the funding will be used to take its existing products to market. The startup plans to expand its production capacity to about 2,000 tons of magnets per year.

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