What is ElectricPe?
ElectricPe operates within the rapidly expanding electric vehicle ecosystem, focusing on the critical need for accessible and user-friendly charging solutions. The company's platform acts as a central hub for EV owners, aggregating charging points and facilitating payments, thereby addressing a key bottleneck in EV adoption. By developing next-generation technology, ElectricPe simplifies the charging process, making it more efficient and convenient for users across the country. Their approach involves building a robust network and integrating with various charge point operators to ensure widespread coverage and ease of use, positioning them as a key player in India's transition to sustainable mobility.
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 Green Frontier Capital, NB Ventures, Climate Angels, Blume Ventures, Anchorage Capital Partners, Micelio Fund, and Supermorpheus
Other Financing Round (2024): $3M featuring Green Frontier Capital and Blume Ventures
Key Investors in ElectricPe
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, renewable energy, and waste management. The firm aims to deliver high returns while meeting environmental, social, and governance (ESG) criteria, contributing to climate change mitigation and the UN's Sustainable Development Goals.
Blume Ventures
Blume Ventures is an India focused early stage investment firm that backs founders from seed through scale up. With local insight and hands on support, it partners with teams building enduring technology led businesses across consumer, enterprise and deep tech, helping them raise capital, sharpen strategy and grow responsibly.
Climate Angels
Climate Angels is a SEBI-registered Category I Investment Fund that focuses on early-stage investments in climate technology and pollution reduction. The company connects high-potential startups with investors, targeting sectors such as clean mobility, sustainable agriculture, renewable energy, and waste reduction.
What's next for ElectricPe?
With the recent influx of major strategic investment, ElectricPe is poised for significant expansion and technological advancement. The company is expected to leverage this capital to scale its operations, enhance its application's features, and broaden its network coverage. Future initiatives will likely focus on strengthening partnerships with charge point operators and potentially exploring new service offerings to further support the burgeoning EV market. This strategic financing indicates a strong belief in ElectricPe's business model and its potential to become a leader in the EV charging infrastructure space, driving further adoption of electric vehicles in India.
See full ElectricPe company page
