Manufacturing Startups To Watch: 5 Startups That Caught Our Eye In August

India’s manufacturing sector is entering a new phase. Factors such as policy support, private investment and rising domestic capabilities are pushing the country closer to its self-reliance ambitions and manufacturing startups are building it. 

The sector now contributes around 16-17% of India’s GDP and employs more than 2.7 Cr people, while manufacturing gross value added (GVA) grew at a CAGR of 10.88% between FY23 and FY26. In July, merchandise exports reached $44.24 Bn, while manufacturing output grew 7.8% in June 2026.

The momentum is particularly visible in electronics and advanced manufacturing. Electronics production rose 15.8% year-on-year to ₹13.11 Lakh Cr in FY26, while the government approved 12 semiconductor manufacturing projects with investments exceeding ₹1.64 Lakh Cr. 

More recently, the Ministry of Electronics and Information Technology (MeitY) approved 31 additional projects worth ₹7,877 Cr under the Electronics Component Manufacturing Scheme, taking projected production value under the scheme to ₹82,243 Cr. 

Against this backdrop, we bring to you the sixth edition of the ‘Five Manufacturing Startups To Watch’, featuring startups building powertrains, energy storage systems and defence technologies. With that said, here are the five manufacturing startups that caught our eye in August.

Editor’s Note: This list is not a ranking. It is a curated selection of manufacturing startups that have stood out to the Inc42 editorial team this month.

Tulon Materials | Upcycling Waste Into High-Performance Chemicals

Specialty chemicals sit at the heart of almost every manufactured good, from the paint on a factory floor to the ink on a printed label.

However, most chemical products continue to rely on fresh petroleum feedstock, increasing the pressure on manufacturers to find more sustainable alternatives.

Tulon Materials is a specialty chemicals manufacturer working to upcycle waste into high-performance chemical products. It operates in the Indian specialty resins market, projected to reach US$483.89 Mn by 2033.

Founded by Asesh Sarkar, Rabindranath Mandal and Harsh Bhatt, Tulon’s core technology uses chemical upcycling to unlock novel feedstocks for synthesising performance materials. Its solutions are designed to reduce reliance on fresh petroleum inputs while helping industrial customers meet their sustainability targets.

The startup’s expertise spans products for paints and coatings, printing inks and adhesives, plastics and polymers, and paper and textile processing. These include resins, additives, binders and chemical treatments that can be used across industrial and commercial applications.

Tulon operates an R&D lab and headquarters in Mumbai’s Turbhe, a thioester production facility in Mahad and a resin manufacturing facility in Visakhapatnam. As manufacturers look to decarbonise their supply chains, the startup is positioning itself as a partner for businesses seeking greener chemical inputs without compromising on product performance.

TSUYO Manufacturing | Building EV Powertrain For The World

Batteries have dominated the conversation around India’s electric vehicle transition, but the powertrain, the part that actually moves the vehicle, has largely depended on imported motors and controllers. TSUYO Manufacturing is building an indigenous alternative.

Founded in 2020 by Lalit L Baid, Vijay Kumar and Tripurari Kumar, the New Delhi-based startup designs and manufactures complete electric drivelines under one roof. Its portfolio spans traction motors, motor controllers, gearboxes, transmissions, axles and e-axles ranging from 0.5 kW to 350 kW.

TSUYO’s core technology includes magnet-less synchronous reluctance motors and ferrite-hybrid motor platforms that reduce dependence on imported rare-earth magnets. The startup also develops integrated e-axles and automated manual transmissions for electric three-wheelers.

It operates in India’s EV motor market, projected to grow from about $1.56 Bn in 2025 to $6.88 Bn by 2034.

Its products are used across electric three-wheelers, commercial vehicles, tractors, forklifts, buses, trucks and mining vehicles. Production takes place at two IATF 16949, ISO 9001 and ISO 14001-certified plants in Greater Noida, while a 20-acre integrated manufacturing campus is coming up in Dharwad, Karnataka.

TSUYO has onboarded more than 50 OEMs and exports to Sri Lanka, Bangladesh, Nepal and the Philippines.

Revamp Moto | Developing Reliable Connected EVs

Most electric two-wheelers in India are designed for personal mobility, while delivery partners, street vendors and small businesses often modify their vehicles to carry products and equipment. These makeshift additions can be inefficient and unsafe, creating a gap for purpose-built commercial electric vehicles.

Founded in 2021 by Jayesh Sahebrao Tope, Pritesh Prakash Mahajan and Pushkaraj Narendra Salunke, Revamp Moto develops modular electric two-wheelers for commercial and personal applications. 

Its RM Yaara 25 platform can be configured with cargo carriers, insulated delivery boxes, temperature-controlled units and shop-on-wheels set-ups. These applications support food, grocery and pharmaceutical delivery, cold-chain transportation, mobile vending and last-mile logistics.

Revamp Moto is also developing RM Mitra, a higher-performance electric motorcycle platform with a proposed range of up to 150 km and a top speed of up to 80 km/hour. Its battery business covers lithium-ion diagnostics, refurbishment and second-life stationary energy storage.

The startup has an annual production capacity of about 24,000 vehicles and an aggregate order pipeline of roughly 50,000 EVs. Its customers and partners include VoltUp, Zomato, Swiggy, Blinkit, Zepto, EMO Energy and ECO EV. Revamp Moto has raised about ₹28 Cr and is targeting ₹60 Cr in revenue in FY27. India’s electric vehicle market is on a strong growth trajectory, poised to become a $132 Bn industry by 2030.

Rechargion | Developing IEC Standard Sodium-Ion Batteries 

Lithium-ion batteries dominate the energy-storage market, but their dependence on lithium, nickel and cobalt has raised concerns around mining, import dependence and supply-chain security. This has led researchers and manufacturers to explore alternative battery chemistries.

Rechargion is a Pune-based deeptech startup developing sodium-ion rechargeable batteries for mobility and stationary energy storage. The company is led by Vilas Shelke and Manjusha Shelke. 

Sodium is more abundant than lithium and can potentially offer a lower-cost and more sustainable route to energy storage. Rechargion’s proprietary technology combines a hard carbon anode with a symmetrical aluminium-aluminium current collector structure.

The startup says its sodium-ion batteries offer zero-voltage storage and transportation, faster charging, a wider operating temperature range, better thermal stability and improved cyclability compared with conventional lithium-ion batteries.

Rechargion is working towards an end-to-end battery cell manufacturing model in a sodium-ion battery market projected to reach $2.9 Bn by 2031. Its intellectual property portfolio includes patents covering biomass-derived hard carbon, carbon foam, sodiophilic electrodes and other battery technologies.

As India seeks greater energy self-reliance, the startup is positioning sodium-ion batteries as an alternative for mobility.

Zoppler Systems | Building Indigenous Defence Sensing Systems

India’s defence modernisation push is creating demand for indigenous sensing, mission and decision-making systems as the armed forces look to reduce dependence on imported defence electronics. Zoppler Systems is building products for this emerging market.

Cofounded in November 2024 by Om Rana, Ganesh Kashyap, Prakash Ramachandra and Shridhar YB, Zoppler Systems develops indigenous radio-frequency sensing products and a vendor-agnostic decision and autonomy platform.

Its technology integrates sensing, intelligence and response across localised and networked deployments. The startup’s applications span airborne, ground, naval and future space domains, serving both defence and dual-use requirements.

Zoppler’s product portfolio includes radar software, SWaP-C-optimised exciter and receiver hardware, wideband receivers, RFSoC-based platforms, 2D and 3D display systems, simulation and training platforms, and AI-driven solutions. It also develops build-to-spec embedded and high-performance hardware for field-ready deployments.

The startup recently raised ₹6.5 Cr in a funding round led by Finvolve. It plans to use the capital to accelerate product development, strengthen field validation of indigenous technologies. And, expand its engineering capabilities and scale deployments across defence and dual-use sectors.

As India pushes for greater defence indigenisation, Zoppler is positioning itself as a homegrown supplier of sensing and autonomy systems in the competitive anti-drone market valued at $197.5 Mn in 2025 and projected to reach $983.7 Mn. 

With Inputs From Venu Rathore
Edited by Akshit Pushkarna
Creatives by Abhyam Gusai

The post Manufacturing Startups To Watch: 5 Startups That Caught Our Eye In August appeared first on Inc42 Media.