ElectricPe raises $5 million in funding round

ElectricPe, a Bengaluru-based electric vehicle (EV) charging aggregation platform has closed a $5 million pre-series round. This funding round has raised the total capital in the last 12 months to $8 million. The funds will be used to expand technology investments and scale up the company operations. The funding round was led by the Green Frontier Capital, Blume Ventures, and Micelio Fund, with participation from Dubai NB Ventures, Anchorage Capital Partners, Supermorpheus, and Climate Angels.

ElectricPe is a business to customer EV charging and demand generation platform that allows EV users to find, access, and pay for charging points in one place, making e-mobility easier. 

Recently in September 2022, Yulu, an electric mobility start-up, raised Rs 6.53 billion in a funding round led by US-based Magna International Incorporation. The round witnessed participation from existing investors such as Bajaj Auto Limited. The funds raised will be utilised to scale up the start-up’s mobility and battery-swapping businesses. The company also stated that it will use the funding to expand its two-wheeler electric vehicle (EV) fleet to more than 100,000 EVs and more than 500 battery charging and swapping stations over the period of next 12 months.