ElectricPe raises USD 3M in Pre-Series A led by Green Frontier Capital

Bangalore-based EV charging solutions startup, ElectricPe has secured USD 3M in a pre-series A round led by Green Frontier Capital, with participation from existing investors Blume Ventures, Micelio Fund, and NB Ventures.

This investment will enable ElectricPe to strengthen its role as an EV solution provider and expand to new locations. Its app helps users to find, access, and pay for EV charging points. Additionally, the company’s multi-brand stores offer a selection of E-2 wheelers, along with financing, servicing, and subscription options.

Sandiip Bhammer, Managing Partner of Green Frontier Capital, said, “Green Frontier Capital is committed to backing innovative companies that are shaping a sustainable future. ElectricPe’s comprehensive approach to addressing the challenges in EV adoption aligns perfectly with our investment thesis. In just a few years, ElectricPe has achieved strong user acceptance and trust. We have also witnessed significant growth on its platform and are on the path to profitability. We’re excited to support ElectricPe in their growth journey.”

Since its 2021 launch, ElectricPe has focused on simplifying EV ownership. The platform operates over 25,000 public chargers in India and has a 30% month-on-month growth rate. It has facilitated over 28 million green kilometres for users and holds over 15% of the market share for personal EV 2-wheeler sales in Bangalore within 8 months.

Avinash Sharma, Co-Founder and CEO of ElectricPe said, “Our goal is to drive EV adoption by consolidating everything in one place—charging, EV buying, and servicing. We have always believed in stage-by-stage funding, and this $3 million investment marks the closure of our pre-series A round at $8 million, which began last year with $5 million. ElectricPe will continue to address the gaps in the sector and build ‘the defacto’ single platform to cater to all EV needs for our customers.”

ElectricPe was selected as a partner to bring EV charging stations to Google in India. This collaboration will allow Google users to view the availability and status of charging points in real-time on Google Maps and Google Search. This feature, initially for two-wheelers, will be expanded to other regions.

Also read: EV charging platform ElectricPe raises $5M in Pre-Series A round