EV charging tech startup ElectricPe raises $3M seed funding to help users locate and access EV charging points that offer the best charging rates in India | Tech News

With rising calls for for electrical autos throughout the globe, extra charging factors are wanted to energy hundreds of thousands of recent electrical autos which can be going to hit the roads in years to come back. That’s why charging platform ElectricPe is main the way in which in India to offer hundreds of thousands of EV automotive drivers with inexpensive charging factors within the nation.

To additional develop its deep-tech platform and create a nation-wide EV charging community, ElectricPe introduced at the moment it has raised $3 million in seed funding led by Blume Ventures and Micelio Fund. Different backers on this spherical embrace notable angel buyers akin to Anshuman Bapna (Terra.do), Anupam Mittal (Shaadi.com), Arjun Ravi Sheth (Companion at Anchorage Capital Companions), Ashish Goel (City Ladder), amongst others.

In keeping with experiences, India is predicted to have over 5 million public charging stations throughout the nation, with a number of gamers working to deal with vary nervousness by enhancing the density of charging factors.

ElectricPe just isn’t charging station supplier. As a substitute, it companions with a nationwide community of EV charging factors and unbiased cost level operators and onboards them onto the ElectricPe platform. Suppose Uber, however for EV charging–ElectricPe helps customers uncover charging stations that supply the very best charging charges by way of its app.

Based in Might 2021 by Avinash Sharma and Raghav Rohila, ElectricPe has constructed a B2C EV charging and demand technology app that gives EV customers a one-stop platform to entry EV charging factors, which additionally tracks real-time utilization, making certain a trusted community wherever and every time they want it. The app is OEM (unique gear producer) agnostic, which opens up a nationwide community of charging stations to customers.

“With rising gasoline costs and favorable authorities incentives, the EV revolution has already began, and our imaginative and prescient is to allow inexpensive and clear charging for all,” stated CEO Avinash Sharma. “We’re taking an ecosystem method by working with all business stakeholders, thereby making adoption extra seamless.”

“We’re significantly enthusiastic about partnering with Avinash and Raghav on their journey to take India efficiently into the brand new world of EVs, because the #1 motive for the shortage of adoption of EVs in India is the shortage of charging infrastructure. Sadly, it’s also a catch-22 state of affairs as charging infrastructure suppliers received’t make investments except they see demand, and shoppers received’t purchase autos till they see the infrastructure. ElectricPe is trying to disrupt the market by bridging this hole. In doing so, they may quickly turn out to be the most important EV charging platform in India,” stated Arpit Agarwal, Director, Blume Ventures.

“Utilizing our proprietary know-how and platform method, we goal to resolve for ‘belief’, which an EV person requires when searching for charging companies. With rising gasoline costs and favorable Authorities incentives, the EV revolution has already begun, and our imaginative and prescient is to allow inexpensive and clear charging for all. We’re taking an eco-system method by working with all business stakeholders, thereby making adoption extra seamless,” stated Avinash Sharma, Co-Founder & CEO, ElectricPe.


https://techstartups.com/2021/11/11/ev-charging-tech-startup-electricpe-raises-3m-seed-funding-help-users-locate-access-ev-charging-points-offer-best-charging-rates-india/ | EV charging tech startup ElectricPe raises $3M seed funding to assist customers find and entry EV charging factors that supply the very best charging charges in India | Tech Information

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