New Delhi–based electric mobility startup Tsuyo Manufacturing has raised USD 4.5 million (INR 40 crore) in a pre-Series A round led by Avaana Capital.
The company plans to deploy the new funds toward setting up a greenfield manufacturing plant, establishing a dedicated R&D center, and accelerating its export operations while deepening collaborations with global automotive partners across Southeast Asia, Japan, Korea, and Europe.
Founded in 2020 by Lalit Baid, Tripurari Kumar, and Vijay Kumar, Tsuyo is a deep-tech EV technology manufacturer specializing in electric powertrain systems such as motors, controllers, and integrated drivetrain solutions. It currently operates two facilities in Greater Noida and is in the process of building a third unit to support its growth strategy.
Vijay Kumar, founder and CEO of Tsuyo, said, “Our mission has always been to design and manufacture powertrain systems from India that compete at a global level. With our third plant coming online and a strong technology roadmap ahead, we’re positioning Tsuyo as a global player in powertrain innovation, built from India. Our focus remains on scale, sustainability, and engineering excellence.”
The company serves as a tier-I supplier to major OEMs, including Mahindra, Volvo Eicher, and Sonalika, delivering powertrain solutions for two-, three-, and four-wheelers as well as off-highway vehicles.
Tsuyo also claims to have created 29 patentable innovations across core component technology—featuring rare-earth-free and hybrid magnet-based motors. It has already filed four patents, with 25 more in the pipeline.
Having delivered more than 150,000 powertrain systems and partnered with 25 OEMs, the firm now targets a seven- to eightfold expansion over the next three years.
Its growing export network and ongoing R&D partnerships with IIT Delhi and VNIT Nagpur further highlight its strategy to emerge as a global leader in sustainable powertrain innovation.
