alicut based EV Startup chargeMOD (BPM Power Private Limited) has raised a 2.5 Cr from Phoenix Angels during their pre-seed investment round.
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With Phoenix Angels’ support, chargeMOD plans to have a greater influence on the EV market, providing EV users in India with dependable and convenient charging options.
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Joe Ranji, director at Phoenix Angels said, “At chargeMOD, we see a great combination of a wonderful product and an energetic team that has the potential to become a strong player in the EV charging space.
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chargeMOD has developed EV charging points for home and commercial use and their mobile app enables users to find charging stations nearby. Their product focuses on providing reliable, convenient solutions for EV owners on the go.
The company has successfully executed projects in partnership with prominent names such as Larsen & Toubro (L&T), Murugappa Group, Kerala State Electricity Board (KSEB), Kochi Metro Rail Limited (KMRL), and many others.
About chargeMOD
The leading supplier of electric vehicle charging solutions is ChargeMOD. Its goal is to make sustainable, convenient, and universal access to charging for electric vehicles a reality. ChargeMOD observed a rising demand for dependable and practical charging infrastructure as more and more individuals made the switch to electric vehicles.
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