ElectricPe, a charging forum for electric vehicles, has raised $3 million in a seed round to further grow its technology system. It intends to utilise the funds to expand its future tech platform in order to provide further easy accessibility to charging stations via the ElectricPe App.
The $3 million (Rs 225 crore) funding season was won by Blume Ventures and Micelio Fund. Through them as well, Arjun Ravi Sheth (associate at Anchorage Capital Partners), Jasminder Singh (Now), Ashish Goel (Urban Ladder), Anshuman Bapna (Terra. do), Bhuvan Gupta (OfBusiness), and Anupam Mittal (Shaadi.com), are among the angel investors.
Avinash Sharma, co-founder and CEO of ElectricPe, stated, “Utilizing our patented technology and platform strategy, we aspire to solve the problem of “faith,” which an EV customer needs when searching for charging facilities.” The EV transformation has already started, thanks to higher fuel prices and beneficial government subsidies, and our ambition is to facilitate cheap and clean charging for all. We’re attempting to take an eco-system methodology, collaborating with all industry stakeholders to make implementation easier. “
As electric vehicles are becoming more popular, the organisation anticipates that India will have more than 5 million public charging stations in the coming days. It also intends to collaborate with multiple market players to configure EV charging stations. Their app could be a one-stop shop for people who want to monitor and control the current charge of their vehicle as well as find the closest charging station.
