EV charging startup IPEC Raises $3 Mn From Nikhil Kamath's Gruhas

IPEC, a startup operating in the EV charging space, has secured $3 million in funding from Nikhil Kamath and Abhijeet Pai's Gruhas.

The funds will help IPEC strengthen its leadership in the EV charging space and speed up growth in the power electronics sector.

It has already delivered over 10 lakh EV charging products to major EV makers in India. Now, it plans to boost its production capacity to 50,000 units per month, according to a company statement.

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"Traditionally, India's reliance on imports for power electronics has been high. At IPEC, we are changing that by designing and manufacturing power electronic products in India, for India and the world. This investment by Gruhas shall further propel our contributions to the 'Make In India' mission and enhance India's EV ecosystem, " said, Zohra khan, CEO of IPEC.

"The investment also enables IPEC to expand our avenues and capabilities to launch IPEC into global markets. We are excited to have Gruhas as part of the team and look forward to a great journey ahead," Khan added.

Abhijeet Pai, Co-Founder of Gruhas, said, "IPEC is fast emerging as a changemaker in India’s EV charging ecosystem. As the country accelerates toward an electric future, reliable and scalable charging infrastructure built on quality components, sub-assemblies, and smart chargers becomes mission-critical. Together, Zohra and IPEC have led the way in this space. By already serving four of India’s top OEMs, they’ve set benchmarks in manufacturing chargers, especially for the two-wheeler segment. Their deep ecosystem understanding and technical capabilities position them to expand beyond two-wheelers into broader applications."

About IPEC

Bengaluru-based IPEC was founded in 2017 by the MEHER Group, along with DEKI Electronics and Sungho Electronics, with Zohra Khan as its CEO, IPEC offers a wide range of EV charging solutions, including private, portable, and public chargers, as well as EV connectors and vehicle charging inlets. These products meet both Indian and global standards and follow the latest localisation rules, like the PM E-Drive and PLI Scheme.

In addition to hardware, IPEC provides a cloud-based Charging Management System (CMS) and a mobile app for real-time monitoring and control. The company is an approved supplier for top EV brands like ather energy, Bajaj Auto, and Greaves (Ampere), among others.

IPEC’s goal is to support India’s shift to electric mobility by offering smart, reliable, and affordable charging solutions tailored to local needs.

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