ElectricPe, a leading EV charging network player, has secured $3 million in additional capital from existing investors to fuel its expansion plans. The company helps EV users easily find and pay for charges across India through its full-stack platform.
Founded in 2021, ElectricPe has rapidly grown its charging options for electric vehicle owners. The firm’s mobile app allows individuals to locate the nearest charging point and pay conveniently through a single interface. Beyond infrastructure access, ElectricPe also sells EVs directly through retail shops while providing complimentary services like financing and maintenance.
With over 25,000 chargers currently networked nationally, ElectricPe aims to solidify its position as the go-to charging destination. The fresh funds will help onboard more stations and roll out to new cities to meet the rising EV adoption. Company leadership stated the pre-Series A round concluded with $8 million secured to date from existing backers including Micelio Fund and Blume Ventures.
The capital will fuel further innovation to enhance the user experience. ElectricPe plans to leverage its aggregated charging data and customer insights to introduce new features. With electric vehicles poised for widespread use, aggregators that build comprehensive charging ecosystems stand to gain. This latest round demonstrates continued faith in ElectricPe’s vision of powering India’s EV transition seamlessly from start to finish.
