ChargeMOD secures Rs 25 million in pre-seed investment round

ChargeMOD, a Kerela-based electric vehicle charging solutions provider, has raised Rs 25 million in a pre-seed investment round. The company has raised this investment from Phoenix Angels. The funds will be utilised to expand the company’s services and to accelerate its product growth.

Presently, the company has a portfolio of over 2,000 EV chargers for both commercial and household use. The business dominates Kerala’s EV charging market with a huge 90 per cent market share. Additionally, the company has also developed mobile application in order to track nearby charging stations. ChargeMOD has worked on major projects with leading companies in the field such as Kochi Metro Rail Limited, Murugappa Group, Kerala State Electricity Board, and Larsen & Toubro.