Deep-tech startup Vecmocon Technologies announced on Monday that it has secured over $18 million (approximately ₹153 crore) in a Series A funding round.
The round was led by EIF, a sustainability-focused venture capital fund, with additional participation from Aavishkaar Capital, British International Investment (BII)—the UK’s development finance institution—and existing investor Blume Ventures, the company stated.
Vecmocon Technolgies said the new capital will help broaden its market reach and enhance its technological capabilities in areas such as embedded design, power electronics, IoT, and data science. The funding will also support the company’s mission to power over 1 lakh vehicles on Indian roads with its innovative solutions.
Additionally, a portion of the funding will be allocated toward expanding the team and setting up dedicated R&D infrastructure for the electric automotive sector while also accelerating Vecmocon’s global growth plans.
“This infusion of capital will supercharge our efforts to engineer the next generation of the most robust, high-performance, software-defined, and safety-critical systems uniquely tailored for Indian conditions and global deployment in electric vehicles and clean energy systems. We’re not just building for India—we’re building in India, by Indian engineers, for the world,” Peeyush Asati, CEO of Vecmocon Technologies, said.
Founded in 2016 by IIT and ISB alumni, the New Delhi-based startup is building “most robust systems” for Indian conditions.
The company stated that it aims to embed intelligent systems and data-driven insights into every electric vehicle, enhancing their responsiveness, adaptability, and overall efficiency.
