Super-app for electric vehicles In a pre-Series A funding round led by Green Frontier Capital, ElectricPe has raised $3 million, with participation from its current investors Blume Ventures, Micelio Fund, and NB Ventures.
The Bengaluru-based business had previously raised $5 million from its current investors in a pre-Series A transaction.
According to a press release from ElectricPe, the additional funding will be used for growth, innovative projects, and expansion into other regions.
ElectricPe, a full-stack super app co-founded in May 2021 by Avinash Sharma and Raghav Rohila, enables users to locate, access, and pay for EV charging stations regardless of the sort of charging they require.
In addition to giving users access to a large selection of E-2 wheelers, the platform’s multi-brand stores also provide EV financing, servicing, and subscription plans.
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Thanks to a recent partnership between ElectricPe and Google, consumers in India can now monitor the status and availability of charging stations in real time.
In just eight months, they claims to have operated in more than 25,000 public chargers and to have over 15% of the Bengaluru market for personal EV 2-wheeler sales.
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Early-stage venture capital firm Green Frontier Capital has supported a number of well-known firms, including Battery Smart, BluSmart Mobility, E-Motorad, and Nutrifresh.
In this market, e-Amrit, Statiq, PlugShare, and other startups could be direct or indirect competitors of ElectricPe.
About ElectricPe
ElectricPe wants to give a billion Indians smart, economical, and clean electric mobility. The platform handles all your EV demands. Find, Charge, and Pay at the nearest charging station, buy high-quality EVs online or offline, and enjoy inexpensive subscription models for hassle-free battery ownership.
