India, Oct. 29 -- EV powertrain solutions provider Tsuyo Manufacturing has secured INR 40 Cr (around $4.5 Mn) in its pre-Series A funding round led by Avaana Capital.

In a statement, Tsuyo said it will use the fresh capital to set up a greenfield manufacturing facility, ramp up R&D, and scale-up innovations for heavy commercial vehicle electrification and retrofit solutions.

The new facility will be Tsuyo's third manufacturing unit, dedicated to producing high-wattage electric motors (up to 250 kW) and transmission assemblies. It will also house a vehicle testing track and advanced end-of-line validation systems compliant with PM E-DRIVE and FAME standards.

Meanwhile, the new R&D centre will concentrate on power electronics, embedded s...