About $2 million, ₹18.15 crore, raised across two tranches and led by Trivest Partners, with angel investors Abraham George and Alok Rungta participating.
Leanwatts makes onboard and portable chargers from 500W to 6.6kW for electric two-wheelers, L2 and L5 vehicles and e-tractors, manufactured at its own Hyderabad facility.
It is targeting roughly ₹60 crore of annualised revenue by March 2027, while expanding into public charging equipment, rectifiers, power modules and hybrid inverters.
Localisation at this scale covers design, magnetics, assembly and testing. The switching semiconductors at the heart of a charger remain imported.
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