Mumbai, Oct. 29 -- Tsuyo Manufacturing, an electric powertrain design and manufacturing start-up, has raised INR 400 million in a Pre-Series A round led by Avaana Capital. The investment will fund Tsuyo's next phase of growth, including the establishment of a second R&D centre and the commissioning of a new greenfield manufacturing facility.

Founded in 2020, Tsuyo has delivered over 150,000 powertrain units across various EV applications to more than 25 OEMs. The company aims for a 7-8x growth within the next three years, with expansion plans targeting Southeast Asia, Japan, Korea and Europe.

The company said it is a tier-1 supplier of integrated powertrain solutions to OEMs, including Mahindra, Volvo Eicher and Sonalika, with products ...