[Funding News] ElectricPe Raises $3 Mn Funding Round from GFC

Super-app for electric vehicles ElectricPe has secured $3 million in a pre-Series A round anchored by Green Frontier Capital, with the support of its current investors Blume Ventures, Micelio Fund, and NB Ventures.

ElectricPe announced that the additional funds will be allocated to growth, innovation initiatives, and expansion into new geographic regions.

The Bengaluru-based organization had previously secured $5 million in a pre-Series A round from its current investors.

ElectricPe is a full-stack super-app that enables users to identify, access, and pay for EV charging points, irrespective of their charging type. The platform's multi-brand stores provide prospective purchasers with a diverse selection of E-2 wheelers to select from, in addition to providing users with EV financing, servicing, and subscription plans.

Read also - Gnani.ai Secures $4 Mn Series A Funding Round from Info Edge Ventures

ElectricPe and Google have recently formed a partnership that allows users in India to monitor the status and availability of charging points in real-time.

In Bengaluru, ElectricPe asserts that it has amassed over 15% of the market share of all personal EV 2-wheeler sales within eight months and operates in over 25,000 public outlets.

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