RoadGrid raises ₹12 crore in Pre-Series A funding round

RoadGrid, an electric vehicle (EV) charging infrastructure company, has raised ₹12 crore in a Pre-Series A funding round led by Inflection Point Ventures, along with participation from other investors. The round included investments from Venture Catalysts, Kamal Puri of Skyline Group, FAAD Network, LetsVenture, Pace Group’s Vrinda Goyal, Haresh Patel of Arthanomics, and Maneesh Shrivastav of Alpha Value.

Founded to support electric mobility, RoadGrid develops EV charging hardware and software solutions. The company manufactures EV chargers for two-wheelers, three-wheelers, and four-wheelers, including offboard and fast DC chargers. It is also building a cloud-based platform for EV charging management and operating public and commercial charging stations.

RoadGrid operates through two business segments. Under Charging as a Service (CaaS), the company installs and manages EV charging stations. Current deployments include 76 chargers in Indore and 250 chargers in Navi Mumbai, with active engagements involving utilities such as BSES and NPCL. The company reports a confirmed order book and pipeline exceeding 1,000 chargers.

In parallel, RoadGrid supplies chargers directly to EV OEMs across vehicle segments. The company has an additional 1,000+ chargers under order through OEM sales. To date, RoadGrid has completed over 100 installations across Madhya Pradesh, Rajasthan, and Karnataka for clients including IOCL, Amazon, BSES, and NPCL, with deployments in cities such as Lucknow, Hyderabad, and Bengaluru.

RoadGrid has partnered with VinFast’s charging arm V-Green to develop EV charging infrastructure at HPCL retail outlets. The company is also supporting VinFast’s aftersales EV charging network in India as a technology partner.

According to industry estimates cited by the company, India’s EV charging market is currently valued at approximately ₹5,000 crore and is expected to reach ₹50,000 crore over the next six years. The number of charging stations required nationwide is estimated at around 30 lakh by 2030, compared to approximately 8,000 currently installed.

The founding team includes Deepesh Shrinath (Founder and CEO), who has prior experience at Emerson and Eaton; Shashank Narayan (CTO), who has worked with Delta Electronics and HARTING and authored an EV charger handbook published by NITI Aayog; Chandraprakash Akotkar (COO), with experience in electrical design and infrastructure projects; and Bharat Joshi (CMO), with experience in advertising infrastructure.

Mitesh Shah, Co-founder IPV, says, “One of the biggest gaps in India’s EV journey today is not intent, but infrastructure. Consumers are ready to adopt electric mobility, but the lack of reliable, accessible charging continues to slow scale. What stood out to us about RoadGrid is their clear understanding of this gap and their ability to address it across multiple layers, from charger manufacturing to on-ground charging operations. Their focus on both OEM partnerships and public charging networks positions them well to build infrastructure that is not just expansive, but practical and sustainable.”

Deepesh Shrinath, Founder & CEO, RoadGrid says, “RoadGrid is on a mission to enable seamless, sustainable, and accessible electric mobility across India. We are focused on building reliable, universal charging infrastructure that works across vehicle categories and real-world use cases. With our VC partners, we will be scaling EV charging infrastructure that can become foundational to India’s EV ecosystem and support adoption at a national level.”

Inflection Point Ventures has invested over ₹800 crore across more than 250 startups to date. It has also launched a Category II venture capital fund, Physis Capital, focused on Pre-Series A to Series B investments.

Also read: VinFast partners with RoadGrid to expand EV service and charging network in India