You are here: Home » Companies » News
Business Standard

EV charging platform ElectricPe raises $3 million funding in a Seed Round

Electric Vehicles (EV) charging platform, 'ElectricPe', on Thursday announced that it raised a Seed Round of USD 3 million, led by Blume Ventures and Micelio Fund

Topics
Electric Vehicles | Startups | Fundraising

Press Trust of India  |  Bengaluru 

EV charging platform ElectricPe raises $3 million funding in a Seed Round

(EV) charging platform, 'ElectricPe', on Thursday announced that it raised a Seed Round of USD 3 million, led by Blume Ventures and Micelio Fund.

The company will utilise the capital to further develop its "deep-tech platform" to enable easy access to affordable charging points via the ElectricPe App, it said.

Investments from other notable Angel Investors include, Anshuman Bapna (Terra.do), Anupam Mittal (Shaadi.com), Arjun Ravi Sheth (Partner at Anchorage Capital Partners), Ashish Goel (Urban Ladder), among others, the release said.

Founded in May 2021 by Avinash Sharma and Raghav Rohila, the company makes accessing and using charging points simple, seamless, and efficient, it said, adding it has created a B2C EV charging and demand generation app that offers EV users a one-stop platform to access charging points, which also tracks real-time usage, ensuring a trusted network wherever and whenever they need it.

Being OEM agnostic, it partners with a nationwide network of EV charging points and independent charge point operators and onboards them onto the ElectricPe platform, making it a unique proposition for the industry.

"With rising fuel prices and favourable government incentives, the EV revolution has already begun, and our vision is to enable affordable and clean charging for all. We are taking an eco-system approach by working with all industry stakeholders, thereby making adoption more seamless," Avinash Sharma, who is also the CEO said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, November 11 2021. 16:29 IST
RECOMMENDED FOR YOU
.