What is ElectricPe?
Founded in 2021 and headquartered in Bengaluru, India, ElectricPe is at the forefront of developing an integrated electric vehicle (EV) charging ecosystem. The company's application-based platform simplifies the discovery, identification, and utilization of charging points across the nation. By collaborating with a wide network of charging stations and independent operators, ElectricPe aims to make EV charging seamless and efficient for users. Their technology is designed to enhance the accessibility and user experience of EV infrastructure, supporting the broader adoption of electric vehicles in India.
How much funding has ElectricPe raised?
ElectricPe has raised a total of $12.2M across 4 funding rounds:
Angel/Seed
$3M
Share Placement
$1.2M
Other Financing Round
$5M
Other Financing Round
$3M
Angel/Seed (2021): $3M with participation from Blume Ventures and Micelio Fund
Share Placement (2022): $1.2M, investors not publicly disclosed
Other Financing Round (2023): $5M supported by Blume Ventures, Climate Angels, Anchorage Capital Partners, Micelio Fund, NB Ventures, Supermorpheus, and Green Frontier Capital
Other Financing Round (2024): $3M featuring Blume Ventures and Green Frontier Capital
Key Investors in ElectricPe
Blume Ventures
Blume Ventures is an India-focused early-stage investment firm that backs founders from seed through scale-up. They partner with teams building enduring technology-led businesses across consumer, enterprise, and deep tech, providing local insight and hands-on support.
Climate Angels
Climate Angels is a SEBI-registered Category I Investment Fund focusing on early-stage investments in climate technology and pollution reduction, including clean mobility. They connect high-potential startups with investors, targeting sectors such as clean mobility, sustainable agriculture, and renewable energy.
Green Frontier Capital
Green Frontier Capital is India's first venture capital fund dedicated to sustainable finance, focusing on growth companies that innovate in green industries such as electric mobility and renewable energy. They aim to deliver high returns while meeting environmental, social, and governance (ESG) criteria.
What's next for ElectricPe?
With its latest strategic investment, ElectricPe is poised to accelerate its expansion and technological advancements. The company's focus on building a robust charging network and enhancing its user-facing application suggests a strategic push towards solidifying its market leadership. Future developments are likely to include scaling operations, forging new partnerships with charge point operators and EV manufacturers, and potentially exploring new service offerings to further support the EV ecosystem. This sustained backing indicates strong investor confidence in ElectricPe's vision and its capacity to capitalize on the rapidly evolving electric mobility landscape.
See full ElectricPe company page
