EV charging aggregator startup has raised $3 million in a pre-Series A round from early-stage VC fund .
The funding round also saw participation from existing investors, including Blume Ventures, Micelio Fund, and NB Ventures.
Bengaluru-based ElectricPe will channel the funds to solidify its position in the sector and expand its services to new locations.
The startup’s app allows users to identify, access, and pay for EV charging points regardless of the charging type. It also operates stores that offer a wide range of electric two-wheelers and provides users with EV financing, servicing, and subscription plans.
“Green Frontier Capital is committed to backing innovative companies that are shaping a sustainable future. ElectricPe’s comprehensive approach to addressing the challenges in EV adoption aligns perfectly with our investment thesis,” said Sandiip Bhammer, Managing Partner of Green Frontier Capital.
ElectricPe was founded in 2021 by Avinash Sharma and Raghav Rohlia. It last raised $5 million in 2023 in a seed funding round, which included investors Green Frontier Capital and Blume Ventures.
“Our goal is to drive EV adoption by consolidating everything in one place—charging, EV buying, and servicing. We have always believed in stage-by-stage funding, and this $3-million investment marks the closure of our pre-Series A round at $8 million, which began last year with $5 million,” said Avinash Sharma, Co-founder and CEO of ElectricPe.
“ElectricPe will continue to address the gaps in the sector and build ‘the defacto’ single platform to cater to all EV needs for our customers,” he added.
The company is partnering with Google to allow users to use its search engine to view the availability and status of charging points in real-time. The feature is expected to be live on both Google Maps and Google Search and will soon be expanded to other regions.
