EVamp Technologies secures INR 7 crore funding

EVamp Technologies, the company operating the Mobilane electric vehicle charging network, has raised INR 7 crore in its first funding round. The company plans to use the capital to expand its EV charging infrastructure across India and invest in the in-house manufacturing of AC chargers and Light Electric Vehicle (LEV) DC chargers.

As a Charge Point Operator (CPO), EVamp operates charging facilities under the Mobilane brand in urban centres, highways, and commercial locations. With the new funding, the company aims to increase its network presence, widen its product portfolio, and contribute to the growth of EV charging infrastructure in the country.

Commenting on the funding, Devansh Shah, Founder of EVamp Technologies Pvt. Ltd., said, “This funding marks a major milestone in our journey. Since inception, our focus has been on building a high-performance, future-ready EV charging network. We have developed deep capabilities in charger technology and operations, and with this investment, we are well-positioned to rapidly scale manufacturing for AC and LEV DC chargers and lay the foundation for a sustainable EV infrastructure across the country.”

Gunjan Mehta, Co-founder of EVamp Technologies, said, “EVamp is built on strong fundamentals of technological innovation, operational efficiency, and financial sustainability. We are proud to be the only Charge Point Operator (CPO) in India to achieve PAT (Profit After Tax) positivity even before raising external capital. This speaks to the strength of our robust business model and disciplined approach. As we expand and start manufacturing at scale, we remain committed to creating a sustainable ecosystem that delivers long-term value to our users, partners, and investors, while supporting India’s clean mobility mission.”

The Mobilane network is currently operational in urban and highway locations, offering app-integrated charging services. The new funding will be used to accelerate deployment, enhance user services, and expand domestic manufacturing capacity.

Also read: EV charger manufacturer Zenergize raises USD 2 million in seed round