EVamp Technologies secures Rs 7 crore funding to scale production

EVamp Technologies, the company behind the Mobilane EV charging network, has raised Rs 7 crore in its maiden funding round.

The company will use the funds to grow its EV charging network across India and to build its own AC chargers and Light Electric Vehicle (LEV) DC chargers.

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As a Charge Point Operator (CPO), EVamp runs charging stations under the Mobilane brand in cities, highways, and commercial areas. With the new funding, it plans to expand its network, add more products, and boost EV charging infrastructure in India.

Devansh Shah, Founder of EVamp Technologies Pvt. Ltd., said, “This funding marks a major milestone in our journey. Since inception, our focus has been on building a high-performance, future-ready EV charging network. We have developed deep capabilities in charger technology and operations, and with this investment, we are well-positioned to rapidly scale manufacturing for AC and LEV DC chargers and lay the foundation for a sustainable EV infrastructure across the country.”

Gunjan Mehta, Co-founder of EVamp Technologies, said, “EVamp is built on strong fundamentals of technological innovation, operational efficiency, and financial sustainability. We are proud to be the only Charge Point Operator (CPO) in India to achieve PAT (Profit After Tax) positivity even before raising external capital. This speaks to the strength of our robust business model and disciplined approach. As we expand and start manufacturing at scale, we remain committed to creating a sustainable ecosystem that delivers long-term value to our users, partners and investors while supporting India’s clean mobility mission.”

EVamp is among the few Charge Point Operators (CPOs) in India to be profitable before raising external funds. Co-founders Devansh Shah and Gunjan Mehta said the funding will speed up deployment, improve user experience, and support a sustainable ecosystem for India’s clean mobility goals. 

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The Mobilane network already serves major urban and highway locations with app-based charging services, and the new capital will help expand market reach and manufacturing to boost India’s EV infrastructure.

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