ElectricPe, an EV charging aggregation platform, has completed a Pre-Series A funding round of $5 million. The round was led by Green Frontier Capital, Blume Ventures, and the Micelio Fund.
This Pre-Series A funding round was completed exactly 12 months after the Seed funding round. Dubai-based NB Ventures, Anchorage Capital Partners, Supermorpheus, and Climate Angels also participated in this round, as per reported by Yourstory.
“Our belief has always been in stage-by-stage capitalisation as we ramp up our operations and create a holistic full-stack consumer-facing platform,” said Avinash Sharma, Co-Founder & CEO, ElectricPe.
ElectricPe introduces a B2C EV charging and demand generation app. It promises to be a one-stop platform where EV users can identify, access, and pay for EV charging points instantly.
“ElectricPe is working to create easy and seamless access to a trusted network of charging points/swapping stations all in one space,” said Sandiip Bhammer, Managing Partner, Green Frontier Capital.
In 7.5 months, ElectricPe app usage grew 30% month-on-month, with customers completing 4 million green kilometers on the network, a company statement said.
With 10,000 active charge sites since its launch, the Bengaluru-based charging aggregator claims that ElectricPe has created the “most dense” charging network in Bengaluru.
ElectricPe is building India’s largest Electric Vehicle (EV) charging platform. They are partnering with thousands of independent charge point operators so that EV riders never have to worry about running out of charge or finding a charging point nearby.
The company was founded by Avinash Raghvan and Raghav Rohila in 2021. Its headquarter is situated in Bengaluru, Karnataka.