Banglore-based EV charging solutions start-up ElectricPe has closed a pre-Series A funding round of $5 million. Green Frontier Capital, Blume Ventures, and Micelio mobility led the round. Other investors include Dubai-based NB Ventures, Anchorage Capital Partners, Supermorpheus, and Climate Angels. The pre-Series A funding round was completed 12 months after the seed funding round. ElectricPe hopes to use the combined capital of $8 million to deepen technology investments and scale operations.
“Our belief has always been in stage-by-stage capitalisation as we ramp up our operations and create a holistic full-stack consumer-facing platform,” said Avinash Sharma, Co-Founder & CEO, ElectricPe.
“The EV sector is growing at a rapid pace, and consumers are seeking full stack solutions in one place,” said Arpit Agarwal, Director, Blume Ventures. “Having a trusted dense network of charging/swapping points to find, use and pay will not only help increase adoption but also utilisation of charging infrastructure”, he added.
ElectricPe is an EV charging aggregator with 10,000 live charging points on its app. The company aims to build India’s largest Electric Vehicle Charging Platform by partnering with thousands of independent charge point operators.
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