Leanwatts raises approximately $2m Seed round across two tranches
Trivest Partners led the financing for localisation, manufacturing expansion and the next power-electronics products.
Expanding the product and manufacturing base
Leanwatts raised approximately $2 million across two seed tranches led by Trivest Partners, with Abraham George and Alok Rungta participating. The company plans to strengthen its supply chain, increase localisation and expand manufacturing.
The product roadmap extends beyond its current portable and onboard EV chargers into public charging, rectifiers, power modules and hybrid inverters. Leanwatts targets ₹60 crore in annualised revenue by March 2027.
Use of funds
Strengthen supply chain and increase localization
Expand manufacturing capabilities
Scale power-electronics products