Vecmocon Applied sciences has introduced the closure of its Sequence A funding spherical, elevating a complete of $18 million. The second section of the spherical contains $8 million led by Ecosystem Integrity Fund (EIF), with extra participation from Aavishkaar Capital.
This follows the primary section in November 2024, which introduced in $10 million from EIF, British Worldwide Funding (BII), and present investor Blume Ventures. Blume Ventures had additionally supported the corporate throughout its pre-Sequence A stage.
Peeyush Asati, CEO and Co-Founding father of Vecmocon, stated, “This infusion of capital can be used to additional speed up our Analysis and Improvement endeavours, with a aim of constructing probably the most sturdy and superior platforms for related electrical automobiles and vitality storage ecosystems. We’re dedicated to designing, creating, and manufacturing completely inside India to deal with each Indian and international market calls for successfully. In doing so, we’re getting ready to develop into a big contributor to the worldwide transition efforts in direction of sustainable electrical mobility and clear vitality.”
Deal with EV intelligence and localisation
Vecmocon is constructing an EV intelligence stack that features Battery Administration Programs (BMS), good chargers, Car Intelligence Modules (VIMs), OTA infrastructure, and analytics platforms. These applied sciences are aimed toward supporting OEMs, fleet operators, and infrastructure corporations in each Indian and worldwide markets.
Devin Whatley, Managing Accomplice at EIF, commented, “At EIF, we’re thrilled to help Vecmocon because it builds the technical spine for India’s quickly increasing EV ecosystem. Its cutting-edge options unlock smarter, safer, and extra dependable EVs – accelerating the shift to sustainable transportation. With its customer-centric strategy, demonstrated efficiency, and passionate crew, we consider Vecmocon is well-positioned to steer the EV intelligence motion within the nation.”
Aligned with authorities initiatives equivalent to Make in India, FAME-II, and the Manufacturing Linked Incentive (PLI) scheme, Vecmocon’s merchandise are completely designed and manufactured in India.
Shashvat Rai, Accomplice at Aavishkaar Capital, stated, “We’re delighted to help Vecmocon of their mission to revolutionise sustainable and clear mobility. This funding aligns completely with our dedication in direction of fostering revolutionary options that drive constructive environmental impression. The Vecmocon crew has made nice strides in creating the correct options for marquee Indian OEMs, and we consider Vecmocon’s cutting-edge know-how will play a important function in shaping the way forward for the worldwide electrical car trade.”
The corporate can also be getting ready for worldwide enlargement by integrating new applied sciences equivalent to zonal ECU-compliant architectures, 5G-enabled V2X communication, safe boot techniques, and automotive cybersecurity protocols.
