EV charging platform ElectricPe raises US $3 mn funding
Electric Vehicles

EV charging platform ElectricPe raises US $3 mn funding

The company will utilize this fund to further develop its deep-tech platform to enable easy access to affordable charging points via the ElectricPe App

  • By ICN Bureau | November 12, 2021

ElectricPe, India’s most trusted EV charging platform, has raised a Seed Round of US $3 million led by Blume Ventures and Micelio Fund.

The company will utilize this fund to further develop its deep-tech platform to enable easy access to affordable charging points via the ElectricPe App.

Investments from other notable Angel Investors included Anshuman Bapna (Terra.do), Anupam Mittal (Shaadi.com), Arjun Ravi Sheth (Anchorage Capital Partners), Ashish Goel (Urban Ladder), Bhuvan Gupta (OfBusiness), Jasminder Singh (Nowfloats), Khadim Batti & Vara Kumar (Whatfix), Mukul Rustagi (Classplus), Murthy Aradhi (Whishworks), Nikheel Kamble, Pallav Singh (Numen), Ramakant Sharma of Livspace (LOGX Venture Partners), Relentless VC, Saurabh Aggarwal (Fitso), Soumitra Mishra (Claro Energy), Supermorpheus, Tonmoy Shingal (Mettl) to name a few.

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

Being OEM agnostic, ElectricPe 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. Think Uber, but for EV charging!

"Using our proprietary technology and platform approach, we aim to solve for 'trust', which an EV user requires when looking for charging services. With rising fuel prices and favorable Government incentives, the EV revolution has already begun, and our vision is to enable affordable and clean charging for all. We are taking an ecosystem approach by working with all industry stakeholders, thereby making adoption more seamless," said Avinash Sharma, Co-Founder & CEO, ElectricPe.

India is expected to have over 5 million public charging stations across the country, with multiple players working to address range anxiety by enhancing the density of charging points. ElectricPe looks forward to collaborating with these players and creating a single trusted platform to help users discover charging stations and seamlessly transact with them. 

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