ElectricPe, a prominent player in the EV charging network sector, has raised an additional $3 million from existing investors to accelerate its expansion efforts. The company’s full-stack platform simplifies the process for EV users to locate and pay for charging stations across India.
Since its inception in 2021, ElectricPe has significantly expanded its network of charging options for electric vehicle owners. The company’s mobile app enables users to find the nearest charging point and complete payments through a single, convenient interface. In addition to providing infrastructure access, ElectricPe also sells EVs directly through its retail outlets and offers complimentary services like financing and maintenance.
With over 25,000 chargers integrated into its network nationwide, ElectricPe is focused on reinforcing its position as the preferred charging destination. The new capital will facilitate the onboarding of more stations and expansion into new cities to support the growing adoption of electric vehicles. The company has raised a total of $8 million to date in its pre-Series A round, with significant contributions from Micelio Fund and Blume Ventures.
The investment will drive further innovation aimed at enhancing user experience. ElectricPe plans to utilize its aggregated charging data and customer insights to introduce new features. As electric vehicles become more prevalent, aggregators with robust charging ecosystems are well-positioned for success. This funding round underscores the continued confidence in ElectricPe’s vision for seamlessly powering India’s EV transition.
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