How Much Did ElectricPe Raise?
Funding & Key Investors

ElectricPe, a prominent player in the Indian electric vehicle infrastructure sector, has successfully secured a major strategic investment, bringing its total capital accumulation to $12.2M. This latest infusion of $3M underscores the company's pivotal role in streamlining the transition to sustainable transportation across the subcontinent. By consolidating its position as a leading developer of EV charging applications, the firm continues to attract significant interest from institutional backers focused on the intersection of climate-tech and digital mobility solutions.

The company's trajectory, marked by consistent growth since its inception in 2021, reflects a broader market trend toward the electrification of urban transit. With this recent financing, ElectricPe is well-positioned to expand its footprint, leveraging its proprietary technology to enhance user accessibility and operational efficiency within its nationwide network of charging stations.

What is ElectricPe?

ElectricPe
TelecommunicationsCable & SatelliteMobile App Development

Founded in 2021 and headquartered in Bengaluru, ElectricPe operates at the vanguard of the electric vehicle ecosystem. The company provides a comprehensive platform that simplifies the discovery and utilization of charging infrastructure for EV owners. By integrating a vast network of independent charge point operators into a single, seamless application, ElectricPe addresses the critical friction points in the EV ownership experience. Its technology-first approach not only facilitates real-time station discovery but also optimizes the charging process, ensuring that users can reliably access power across diverse geographic locations. As the demand for clean mobility solutions accelerates, ElectricPe serves as a vital bridge between infrastructure providers and the growing population of electric vehicle drivers in India.

How much funding has ElectricPe raised?

ElectricPe has raised a total of $12.2M across 4 funding rounds:

2021

Angel/Seed

$3M

2022

Share Placement

$1.2M

2023

Other Financing Round

$5M

2024

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, Blume Ventures, NB Ventures, Climate Angels, Anchorage Capital Partners, Supermorpheus, and Micelio Fund

Other Financing Round (2024): $3M featuring Green Frontier Capital and Blume Ventures

Key Investors in ElectricPe

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.

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.

Climate Angels

Climate Angels is a SEBI-registered Category I Investment Fund that focuses on early-stage investments in climate technology and pollution reduction, targeting sectors such as clean mobility and renewable energy.

What's next for ElectricPe?

With the successful closure of this latest funding round, ElectricPe is poised to accelerate its strategic roadmap, focusing on the densification of its charging network and the enhancement of its software-as-a-service capabilities. The company is expected to prioritize the integration of advanced analytics to improve station uptime and user experience, while simultaneously exploring partnerships with commercial fleet operators to capture a larger share of the enterprise mobility market. As the firm scales, its ability to maintain a high-quality, reliable network will be paramount in sustaining its competitive advantage within the rapidly evolving climate-tech landscape. Investors remain optimistic that the company's focus on scalable, technology-led infrastructure will yield long-term value as India continues its transition toward a greener, more sustainable energy future.

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Frequently Asked Questions Regarding ElectricPe Financial Insights

What are the most recent funding rounds that ElectricPe has completed, and what were the funding rounds?
ElectricPe has recently completed 3 funding rounds: Other Financing Round on Jul 30, 2024, Other Financing Round on Jan 5, 2023, Share Placement on Sep 26, 2022.
What is the total amount of funding ElectricPe has raised to date?
ElectricPe has raised a total of $12.2M in funding to date.
How many funding rounds has ElectricPe completed?
ElectricPe has completed 3 funding rounds.
How much funding did ElectricPe raise in its most recent funding round?
ElectricPe raised $3M in its most recent funding round.
Who are the lead investors in ElectricPe's latest funding round?
The lead investor in ElectricPe's latest funding round was Green Frontier Capital. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in ElectricPe's history?
The largest funding round in ElectricPe's history was $5M.
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