Browse
Log in / Register
Share
July 24, 2025 – Zenergize Technologies, a deep-tech startup developing indigenous silicon carbide (SiC)-based power electronics, has secured $4 million in a Pre-Series A funding round combining equity and venture debt. The India-headquartered company, which has achieved a revenue run rate of approximately $3.6 million within its first year of commercial operations, plans to use the capital to scale manufacturing, strengthen engineering, and expand its sales network—with an eye on global markets, including the United States.
The round was led by Giraffe Studios, an existing investor, with participation from a group of industrial entrepreneurs and angel investors, including Nikhil Sawhney of Triveni Turbine, Varun Agarwal of Ellenbarrie Industrial Gases, Shyam Bagri of Bagrry’s Holdings, Raoul Bajaj (Trafigura), and others. The investor consortium brings deep experience in industrial manufacturing, supply chains, and energy sectors, signaling confidence in Zenergize’s technology roadmap.
Building on a Year of Rapid Commercialization
Zenergize claims to have developed India’s first domestically designed SiC-based DC fast charger and solar inverter platforms for commercial deployment. Its chargers have received automotive certifications, and its solar inverters are BIS-certified. The company’s order book now exceeds $12 million, driven by demand from India’s growing electric vehicle and renewable energy sectors.
The new funding will accelerate the development of next-generation platforms, including hybrid inverters, Battery Energy Storage System (BESS) inverters, and other power electronics solutions tailored to local grid conditions. “Our experience over the past year proves that advanced power electronics can be designed, manufactured, and commercialized in India,” said Navneet Daga, Co-founder and CEO. “We are now ready to scale and compete globally.”
Why This Matters for the US Market
The US is a critical market for SiC power electronics, driven by the Inflation Reduction Act’s incentives for domestic clean energy manufacturing and the rapid buildout of EV charging infrastructure. According to the US Department of Energy, silicon carbide-based devices can reduce energy losses by up to 50% in high-power applications, making them essential for fast chargers and grid-tied solar inverters.
Zenergize’s technology is designed to operate reliably in harsh conditions—high temperatures, voltage fluctuations, and dusty environments—which are also relevant for US deployments in regions with extreme climates. The company has not yet announced formal US partnerships, but informed sources suggest it is exploring distribution agreements with North American inverter and charging equipment manufacturers.
Investor Confidence and Deep-Tech Focus
Himanshu Aggarwal, Co-founder of Giraffe Studios, noted that the investment reflects a strategic focus on deep-tech companies building core technologies that address large market gaps. “Zenergize has demonstrated the ability to innovate at the component level, which is rare in India and valuable globally,” he said.
Dr. Veer Karan Goyal, Co-founder and CTO, emphasized that the company’s SiC solutions are optimized for Indian grid conditions, yet the underlying architecture is transferable to other emerging markets and even developed economies. “We are not just copying foreign designs; we are solving real-world problems with cost-effective, robust power electronics,” he added.
Next Steps and Revenue Target
Zenergize aims to scale its annual revenue run rate beyond $12 million in its next growth phase. The company plans to expand its manufacturing capacity by 3x over the next 18 months and hire additional engineering talent for R&D in gallium nitride (GaN) and advanced SiC modules.
With the global SiC power device market projected to exceed $6 billion by 2027 (Yole Group), Zenergize is positioning itself as a cost-competitive alternative to established players like Wolfspeed, Infineon, and STMicroelectronics—particularly for applications in the $10,000–$50,000 per-unit range for commercial and industrial power systems.
Conclusion
Zenergize Technologies’ latest funding round signals that indigenous deep-tech innovation in India is gaining traction among industrial investors. As the US accelerates its clean energy transition, startups like Zenergize—with proven products and scalable designs—could become key suppliers in the global SiC power electronics supply chain, challenging the dominance of traditional incumbents.
