Chennai: Rare earth metals and alloy manufacturing company Entellus Industries has secured ₹50 crore (USD 5.5 million) in its second round of funding, led by ZeroW, a boutique investment firm focused on deep-tech and emerging sectors.
ZeroW is backed by the Mekapati Family Office, the promoters of KMC Group, one of India’s largest infrastructure conglomerates. ValPro acted as the transaction adviser for the round.
The funding follows Entellus Industries’ earlier USD 12 million raise from Social Capital, a Silicon Valley–based venture capital firm, which supported the establishment of NdPr metal and bonded powder alloy manufacturing facilities in Tamil Nadu.
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Entellus Industries to Expand into Sintered Alloys and Scale Magnet Production
The latest capital infusion will be utilised primarily for capital expenditure to expand Entellus Industries’ manufacturing capabilities into sintered alloys and to commercialise its existing product portfolio.
The expansion is expected to support a production capacity of approximately 2,000 tonnes of magnets per year, strengthening the company’s position in India’s rare earth magnet value chain.
Commenting on the fundraise, Simha Kumar, CEO, Entellus Industries, said, “Proving technical capabilities in rare earth metal and alloy manufacturing is non-trivial, and we are the first to achieve this verifiably in India. We aim to leverage this advantage to make India a truly global hub for rare earth magnet manufacturing.”
The investment comes at a time when domestic manufacturing of critical materials is gaining momentum under national initiatives such as Make in India, amid a broader realignment of global supply chains for rare earths and magnet materials.
Entellus Industries’ private-sector, commercially viable manufacturing approach reflects the growing strategic importance of Indian capabilities in critical materials.
Also Read: Rare Earth Permanent Magnet Manufacturing Scheme: India Targets 6,000 MTPA Capacity
Founded in 2022, Entellus Industries is a rare earth metals and alloys manufacturing company focused on producing NdPr metal, bonded powders, and strip-cast alloys – essential inputs for permanent magnet applications across electric vehicles, wind turbines, defence systems, and advanced electronics.
The company is building scalable, globally benchmarked manufacturing capabilities in India, with a strong emphasis on quality, sustainability, and operational discipline.
