Zenergize Technologies Funding Round Raises $4 Million for SiC Expansion

Zenergize Technologies has secured a USD 4 million Pre-Series A funding round combining equity and venture debt, led by Giraffe Studios with participation from industrial entrepreneurs, angel investors, and existing backers. The Zenergize Technologies Funding Round comes as the deep-tech company reports an annual revenue run rate of ₹30 crore and an order book exceeding ₹150 crore, achieved within one year of commercial operations. The company plans to use the new capital to scale its annual revenue run rate beyond ₹100 crore while expanding its capabilities in Silicon Carbide-based power electronics.

Investors Behind the $4 Million Pre-Series A Round

The investor group includes Nikhil Sawhney of Triveni Turbine Limited, Varun Agarwal of Ellenbarrie Industrial Gases, Shyam Bagri of Bagrry's Holdings, Raoul Bajaj of Trafigura, angel investor Sunil Kalra, Ajith Pai and Sandeep Barasia, both formerly of Delhivery, Nitin Jain of Neo Group, and Hemant Daga of Neo Bank. Existing investors also participated in the round, while Giraffe Studios increased its stake from an earlier financing round. The broad investor base gives the company access to industrial, technology, financial, and entrepreneurial experience as it moves from early commercial operations toward a larger manufacturing and customer-support footprint.

How the New Capital Will Be Deployed

The company said the fresh funding will be directed primarily toward increasing manufacturing capacity, expanding its sales and service network across India, and accelerating research and development. These investments are intended to support growing demand from enterprise and original equipment manufacturer customers while strengthening the company's ability to deliver and support its power-electronics products. The expansion plan therefore combines production scale with commercial reach and engineering development, allowing the business to build on its first year of commercial operations and pursue its stated target of exceeding ₹100 crore in annual revenue run rate.

SiC-Based Chargers and Solar Inverter Portfolio

Zenergize Technologies says it has developed India's first indigenous Silicon Carbide-based DC fast charger and solar inverter platforms. Its current portfolio includes solar inverters along with AC and DC electric-vehicle chargers offering capacity of up to 240 kW. The company states that its chargers have automotive certifications, while its solar inverters have BIS certification. Hybrid inverters and Battery Energy Storage Systems are currently under development, indicating an expansion beyond its existing charger and inverter products. The portfolio is designed around power-electronics applications spanning electric mobility, renewable energy, and related energy infrastructure.

Management Focuses on Manufacturing and Engineering Scale

Navneet Daga, Co-founder and CEO of Zenergize Technologies, said the company's next phase will focus on manufacturing scale, engineering capability, and customer partnerships. CTO Dr. Veer Karan Goyal said the products are engineered for Indian grid conditions and operating environments, highlighting the company's focus on local application requirements. He also pointed to Silicon Carbide technology as an enabler of efficiency improvements and cost competitiveness. Himanshu Aggarwal, Co-founder of Giraffe Studios, said the investment reflects the fund's focus on deep-tech companies developing core technologies that address gaps in large markets.

Why Silicon Carbide Matters for EV and Solar Power Electronics

Silicon Carbide is a semiconductor material that can provide higher efficiency and power density than conventional silicon-based components, supporting its increasing use across EV powertrains, solar inverters, and industrial power systems. The broader global power-electronics market is moving toward Silicon Carbide and other wide-bandgap semiconductor technologies as renewable-energy deployment and electric mobility expand. For Zenergize Technologies, this technology base supports products intended for both electric-vehicle charging and solar applications. The company was founded by IIT and IIM alumni and operates a pan-India service network covering installation and after-sales support.

Frequently Asked Questions

What is Zenergize Technologies Funding Round?
The funding round is a USD 4 million Pre-Series A financing comprising equity and venture debt and led by Giraffe Studios with participation from industrial entrepreneurs, angel investors, and existing backers. Zenergize Technologies plans to deploy the capital toward manufacturing expansion, a larger sales and service network across India, and accelerated research and development. The company reported a ₹30 crore annual revenue run rate and an order book above ₹150 crore at the time of the raise, and it aims to increase its annual revenue run rate beyond ₹100 crore.

What products does Zenergize Technologies develop?
Zenergize Technologies develops Silicon Carbide-based power-electronics products for electric mobility and renewable-energy applications, including AC and DC EV chargers and solar inverters. Its DC charging products have capacities reaching 240 kW, while the company states that its chargers have automotive certifications and its solar inverters have BIS certification. Hybrid inverters and Battery Energy Storage Systems are under development. The company says its products are engineered for Indian grid conditions and supported through a pan-India installation and after-sales service network.