Fuelled by fresh funding, Tsuyo Manufacturing accelerates India’s electric revolution with new R&D and high-wattage motor facilities, redefining powertrain innovation for global markets.
Electric powertrain manufacturer Tsuyo Manufacturing Pvt. Ltd. has raised ₹400 million in a pre-series A funding round led by Avaana Capital, a venture capital firm focused on deep-tech and sustainability investments.
The new funds will support the setup of a second research and development centre and the commissioning of a greenfield manufacturing facility. These facilities will enhance Tsuyo’s capabilities in high-wattage electric motor production and the development of power electronics.
The upcoming manufacturing facility will be Tsuyo’s third unit, focusing on electric motors with a capacity of up to 250kW and transmission assemblies. It will also feature a vehicle testing track and validation systems compliant with PM e-Drive and FAME standards.
Vikas Verma, Venture Partner at Avaana Capital, said that Tsuyo’s vertically integrated powertrain technology played a crucial role in driving India’s energy transition. It reflected the kind of scalable, homegrown innovation that could strengthen global supply chains.
CEO Vijay Kumar said the investment will help Tsuyo expand its high-wattage motor production and deepen R&D in embedded systems and power electronics.
Founded in 2020, Tsuyo designs and manufactures integrated electric powertrains for OEMs such as Mahindra, Volvo Eicher, and Sonalika. Its solutions power vehicles across three-wheeler, four-wheeler, commercial, and off-road segments. The company has delivered over 150,000 powertrain units and currently exports to Sri Lanka, Bangladesh, and the Philippines, with expansion plans for Southeast Asia, Japan, Korea, and Europe.
Furthermore, Tsuyo holds 29 patentable innovations, including rare-earth-free and hybrid magnet-based motors. It is also the only Indian supplier with a validated powertrain platform for heavy commercial vehicles like buses and trucks and offers retrofit systems for internal combustion engine fleets.
The company aims for seven to eight times growth within three years and is part of a government-backed ICE-to-EV retrofit initiative by the Ministry of Electronics and IT (MeitY).
