Tsuyo Manufacturing secures $4.5M to boost EV powertrain production & exports

Tsuyo Manufacturing raised $4.5M led by Avaana Capital to build a greenfield plant and R&D center, and expand exports to SE Asia, Japan, Korea, and Europe. Founded in 2020, it designs EV powertrains for 3-wheelers to trucks, serving Mahindra, Volvo, and Eicher. Operating two Greater Noida units, it has supplied 150,000 units, holds 4 filed and 25 pending patents, and grew revenue 10x in five years.