EV charging aggregator startup ElectricPe has secured $3 million in a pre-Series A funding round led by early-stage VC fund Green Frontier Capital.
Existing investors, including Blume Ventures, Micelio Fund, and NB Ventures, participated in this round.
Bengaluru-based ElectricPe will use the funds to strengthen its position in the industry and extend its services to new areas.
The startup’s app helps users locate, access, and pay for EV charging points of any type. Additionally, the startup operates stores offering various electric two-wheelers and provides 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.
Founded in 2021 by Avinash Sharma and Raghav Rohlia, ElectricPe raised $5 million in 2023 during a seed funding round with 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 collaborating with Google to enable users to check the availability and status of charging points in real-time via Google Maps and Google Search. This feature will soon be available in other regions as well.
