Building hardware in India has never been easy.
Designs take months to iterate. Components come from scattered vendors. Quality checks are opaque. And by the time a product is production‑ready, the market has already moved on.
Gurugram‑based Elecbits thinks this is exactly what’s broken — and it just raised $5.5 Mn (~₹49 Cr) to fix it.
Electronics design and manufacturing startup Elecbits has raised Series A funding led by Nexus Venture Partners, with participation from SE Ventures and Riverwalk Holdings.
The capital will be used to:
Scale its AI‑powered electronics platform, Elecbits XOR
Expand in‑house design and manufacturing capabilities
Support international expansion as a China+1 electronics partner
Founded in 2019 by Saurav Kumar Singh and Nikhil Rawat, Elecbits is positioning itself as a full‑stack operating system for electronics hardware.
Unlike software, hardware doesn’t live in one place.
Design, prototyping, sourcing, PCB fabrication, assembly, testing, and final manufacturing usually sit with different vendors, each with their own timelines and incentives.
The result?
Long time‑to‑market
Limited visibility on costs and risks
Quality issues discovered too late
As Elecbits puts it, hardware engineering has been stuck with non‑standardised processes and opaque supply chains.
Elecbits’ answer is XOR — a vertically integrated platform that connects the entire electronics lifecycle.
Think of it as a single stack that handles:
Electronics design and engineering
Prototyping
Component sourcing
PCB fabrication and assembly
Quality checks
Final product manufacturing
Powered by AI, XOR offers instant quotes, part intelligence, supply‑chain transparency, and risk management tools, helping enterprises move from prototype to mass production faster.
In short: fewer hand‑offs, fewer surprises.
The startup already works with 200+ companies, including:
Panasonic
Schneider Electric
Motherson
Maruti Suzuki
OLA
Urban Company
Zetwerk
Valeo
Its hardware powers fast‑growing segments like:
Digital payments
Power electronics
IT hardware
Automotive electronics
Consumer electronics
Nexus Venture Partners believes the problem Elecbits is tackling is structural.
As partner Anand Datta puts it:
“The world runs on hardware, yet the infrastructure to build it remains inefficient — especially in India.”
Elecbits isn’t building just another factory. It’s building infrastructure — digital and physical — to make India competitive at a global scale.
The timing matters.
India is aggressively pushing electronics manufacturing through schemes like:
Production‑Linked Incentive (PLI)
Electronics Component Manufacturing Scheme (ECMS)
Earlier this year, the government received ₹1.15 lakh crore worth of proposals under ECMS — almost 2× the original target.
And startups like Elecbits are filling a crucial gap:
Design capability
Component integration
Supply‑chain execution
Without these layers, incentives alone don’t translate into scalable manufacturing.
India doesn’t lack demand for electronics.
What it has lacked is speed, coordination, and visibility in hardware execution.
Elecbits is betting that if you fix the plumbing — the tools, workflows, and supply chains — hardware can finally move at software‑like speed.
And if it works, India won’t just assemble electronics.
It’ll engineer them end‑to‑end.
