The Energy company Raises $2Mn In Pre-Series A round

The Energy Company (TEC), a full-stack EV battery provider has raised $2 million in a pre-Series A funding round led by Siana Capital.

The round saw participation from Callapina Capital, Z21 Ventures, 1Crowd, LetsVenture, and other investors.

The company will use the fresh funds to expand its full-stack battery intelligence platform, Flexi and to scale up its FlexiPack batteries for electric two-wheelers and e-rickshaws.

The company is also planning to expand into the small and medium-sized energy storage systems (ESS) market, offering appliances for homes, vacation rentals, and offices. This will be the company’s entry into the direct-to-consumer (D2C) segment.

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"We're excited to have the support of a dynamic group of investors who share our vision for the future of energy,” said Rahul Lamba, CEO of The Energy Company.

“The EV revolution is well underway in India, and at Callapina Capital, we've been actively looking for the right early-stage opportunity to invest in. While there’s a lot of action across the battery value chain, what attracted us to The Energy Company (TEC) is their sharp focus on solving a critical gap in commercial EV adoption,” said, Vinod Jose, co-founder of Callapina Capital.

“TEC deeply understands the pain points of fleet operators—battery lifespan, high financing costs, and unpredictable performance—and has built a full-stack battery intelligence platform to address them. Their Flexi technology enables ultra-fast charging, adaptive battery management, and second-life applications, fundamentally transforming fleet economics. Thus in a crowded market, TEC is able to carve out a differentiated and scalable space for itself by leveraging their proprietary IP,” he added.

This round is TEC's second funding round, following a pre-seed round of $600,000 in March 2023.

About The Energy company

Founded in 2023 by Rahul, Prashant, and Pratik, TEC develops fast-charging batteries and the software needed for adaptive battery management and second-life applications. 

The company has partnered with IPO-bound EV maker Ather Energy to use its charging stations for its batteries. Through this partnership, TEC now has around 2,000 stations across India.

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