Delhi-NCR : Elecbits, India’s first Full-Stack Electronics Design and Manufacturing startup has raised $5.5M in a Series A round of funding led by Nexus Venture Partners, with participation from SE Ventures and Riverwalk Holdings.
This round will further accelerate Elecbits’ mission of building the digital and physical infrastructure required to make India a global electronics powerhouse. The funds will be used to scale Elecbits XOR – the AI-powered Electronics Engineering and Manufacturing Platform, expanding their end-to-end engineering capabilities and building in-house manufacturing competencies.
For decades, hardware innovation has been stifled by a broken ecosystem: non-standardised engineering, opaque supply chains, and manufacturers ill-equipped for agility. The result was slow time-to-market and reliability issues. Elecbits has solved this by unifying the entire value chain under one roof— from designing, prototyping, manufacturing & quality control to delivery.
Elecbits, is redefining how hardware is built globally. By digitizing the fragmented supply chain and vertically integrating the entire product lifecycle, Elecbits is now the preferred partner for global enterprises as well as fast-growing startups, powering the blazing fast idea-to-product journeys.
The company is currently powering critical innovations across high-growth sectors like Digital Payments, IT Hardware, Power Electronics, Automotive and Consumer Electronics. Elecbits is powering global giants across sectors and is already a trusted partner to 200+ industry titans including Panasonic, Schneider Electric, Motherson, Urban Company, Zetwerk, Maruti Suzuki, OLA, Valeo..
The company was founded by Saurav Kumar Singh and Nikhil Rawat in 2019. Saurav brings a strong IoT and enterprise engineering pedigree from his time at Amdocs, while Nikhil adds proven startup-scaling experience with one of the ventures acquired by Coupa. Elecbits is fueled by the combined experience of the founders and their vision to democratize the electronics ecosystem and turn India into a global Electronics leader.
Nikhil Rawat, Co-founder, Elecbits, said, “Electronics powers every modern innovation, yet building hardware has always been painfully slow. At Elecbits, we aren’t just driving the change – we’re engineering the operating system for India’s electronics future. This fundraise takes us one step closer to a world where every idea can go from concept to creation in days, not months.”
The Full-Stack Advantage – By combining end-to-end engineering expertise with a robust manufacturing network, Elecbits enables clients to scale from one to million units with unprecedented speed and precision with the help of Elecbits XOR – an AI-powered Digital Manufacturing Platform that brings Instant Quotes, Transparent Supply Chains, Part Intelligence & Risk Management all onto one single platform.
“The world runs on hardware, yet the infrastructure to build it remains inefficient, at least in India. We partnered with Elecbits because they are solving this foundational problem with speed and precision and making India globally competitive. We invest in technologies that drive the world, and Elecbits is the engine that will power the next wave of electronics innovation”, Anand Datta, Partner, Nexus Venture Partners mentioned.
“SE Ventures is excited about Elecbits as a catalyst in the growing electronic design and manufacturing market in India, strengthening our thesis that AI will disrupt existing solutions to enhance quality and reduce time to market. This investment, and partnership with our LP, Schneider Electric, will accelerate rapid prototyping, co-development, and next-generation product innovation.” – Siddharth Mehta, Investment Partner APAC, SE Ventures.
As global companies look to diversify supply chains beyond China, Elecbits stands as the “China+1” solution that offers not just capacity, but capability. With a rapidly expanding footprint and a “Made in India, for the World” mandate, the organization is scaling its operations to meet surging global demand, proving that India can lead globally.
