Co-founded by Avinash Sharma and Raghav Rohila in May 2021, ElectricPe is working to make access to charging points simple and efficient with technology
ElectricPe, an EV charging solutions startup, has raised funding of USD 3 million in a seed funding round led by Blume Ventures and Micelio Fund.
The Bengaluru-based startup said that the funding will be utilized to further develop its deep-tech platform to enable easy access to affordable charging points via the ElectricPe App.
Co-founded by Avinash Sharma and Raghav Rohila in May 2021, ElectricPe is working to make access to charging points simple and efficient with technology.
Avinash Sharma, co-founder and CEO, ElectricPe, said, “Using our proprietary technology and platform approach, we aim to solve for ‘trust’, which an EV user requires when looking for charging services. With rising fuel prices and favorable Government incentives, the EV revolution has already begun, and our vision is to enable affordable and clean charging for all. We are taking an ecosystem approach by working with all industry stakeholders, thereby making adoption more seamless.”
Arpit Agarwal, director, Blume Ventures, said, “We are particularly excited about partnering with Avinash and Raghav on their journey to take India successfully into the new world of EVs, as the main reason for the slow adoption of EVs in India is the lack of charging infrastructure. Unfortunately, it is also a catch-22 situation as charging infrastructure providers won’t invest unless they see demand, and consumers won’t buy vehicles until they see the infrastructure. ElectricPe is looking to disrupt the market by bridging this gap.”
Shreyas Shibulal, founder and director, Micelio Fund, said, “A hockey stick growth in the adoption of EVs in India can’t be achieved without affordable charging solutions that are ubiquitously available. Most vehicles are either parked at home or in offices for more than 20 hours a day. These vehicles need low-cost charging solutions. We were fascinated by ElectricPe’s vision to address this shortcoming in the market. They bring in the right operational and technical expertise required to solve this issue at scale.”
The company has a B2C EV charging and demand generation app that offers EV users a one-stop platform to access EV charging points, which also tracks real-time usage, ensuring a trusted network wherever and whenever they need it.
Being OEM agnostic, it also partners with a nationwide network of EV charging points and independent charge point operators and onboards them onto the ElectricPe platform.
