Power Electronics Startup Leanwatts Raises $2 Million Seed Round

4 Sept 2026, 12:16 am · 9d ago · 1 min read · Entrackr

Amount

$2M

Stage

Seed

Lead

Trivest Partners

Hyderabad-based power electronics startup Leanwatts has secured approximately $2 million (Rs 18.15 crore) in a seed funding round across two tranches led by Trivest Partners. Angel investors Abraham George and Alok Rungta also participated in the round. Founded in October 2023 by Pradeep Chowdary, Sujith Kumar, and Abhilash Reddy, Leanwatts designs and manufactures electric vehicle chargers, power modules, and hybrid inverters. The startup will deploy the fresh capital to strengthen its supply chain, boost domestic manufacturing, and scale up products, targeting an annualised revenue run-rate of Rs 60 crore by March 2027.