EVamp Technologies, the company running the Mobilane EV charging network, has raised INR 7 crore in its first funding round.
The money will be used to expand its charging network across India and to develop its own AC chargers and DC chargers for light electric vehicles (LEVs).
EVamp works as a Charge Point Operator (CPO) and manages charging stations under the Mobilane brand. These stations are set up in cities, on highways, and in commercial spaces.
With the new funding, the company plans to grow its network, introduce more products, and strengthen EV charging infrastructure across India.
Devansh Shah, Founder of EVamp Technologies Pvt. Ltd., said, “This funding marks a major milestone in our journey. Since inception, our focus has been on building a high-performance, future-ready EV charging network. We have developed deep capabilities in charger technology and operations, and with this investment, we are well-positioned to rapidly scale manufacturing for AC and LEV DC chargers and lay the foundation for a sustainable EV infrastructure across the country.”
Gunjan Mehta, Co-founder of EVamp Technologies, said, “EVamp is built on strong fundamentals of technological innovation, operational efficiency, and financial sustainability. We are proud to be the only Charge Point Operator (CPO) in India to achieve PAT (Profit After Tax) positivity even before raising external capital. This speaks to the strength of our robust business model and disciplined approach. As we expand and start manufacturing at scale, we remain committed to creating a sustainable ecosystem that delivers long-term value to our users, partners and investors while supporting India’s clean mobility mission.”
EVamp is one of the few electric vehicle charging companies in India that was making a profit even before getting outside funding. Co-founders Devansh Shah and Gunjan Mehta said the new funds will help them set up more charging stations, make the service better for users, and support India’s goal of cleaner transportation.
The Mobilane network already provides app-based charging at big cities and highways. The new funding will help them reach more places and increase production to strengthen India’s electric vehicle infrastructure.
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