Deep-tech startup CastNX has raised ₹23.22 crore from Arpit Khandelwal and Plutus Investments and Holding Private Limited.
Arpit Khandelwal has also acquired shares through a secondary purchase from existing shareholders.
The investment will accelerate CastNX's mission to develop energy-efficient and cost-effective power electronics solutions.
The funds will be used to enhance research and development facilities, upgrade technological infrastructure, and establish a world-class production facility.