Green Frontier Capital, a leading early-stage venture capital fund with operations in both India and the U.S., has spearheaded a $3 million pre-Series A funding round for ElectricPe, India’s premier EV super-app. The funding round also saw participation from existing investors Blume Ventures, Micelio Fund, and NB Ventures.
The new investment will be strategically utilized to bolster ElectricPe’s growth and innovation efforts, reinforcing its position as a comprehensive solution for electric vehicle (EV) users and facilitating its expansion into new geographic areas. ElectricPe’s full-stack Super App provides users with the ability to locate, access, and pay for EV charging points of all types. In addition to the app, ElectricPe operates multi-brand stores that offer a diverse selection of electric two-wheelers, along with financing, servicing, and subscription plans.
Sandiip Bhammer, Managing Partner at Green Frontier Capital, emphasized the firm’s commitment to supporting innovative companies advancing sustainability. “ElectricPe’s holistic approach to overcoming EV adoption challenges aligns perfectly with our investment strategy. The platform has achieved impressive user acceptance and significant growth, setting it on a path toward profitability. We are thrilled to support ElectricPe in its expansion journey.”
Since its launch in 2021, ElectricPe has made substantial strides in simplifying EV ownership. The platform now operates over 25,000 public chargers, making it India’s largest network. It has experienced a 30% month-on-month growth rate and facilitated over 28 million green kilometers. Notably, ElectricPe has captured more than 15% of the market share for personal EV two-wheeler sales in Bangalore within just eight months.
Avinash Sharma, Co-Founder and CEO of ElectricPe, expressed enthusiasm about the funding: “Our mission is to drive EV adoption by consolidating charging, vehicle purchasing, and servicing into one platform. This $3 million investment completes our pre-Series A round at $8 million, following last year’s $5 million round. We remain committed to addressing sector gaps and developing a comprehensive platform for all EV needs.”
ElectricPe has also been selected as a key partner to integrate EV charging stations with Google in India. This collaboration will enable Google users to view real-time availability and status of charging points on Google Maps and Google Search, a world-first feature for two-wheelers, with plans for expansion to other regions.
