June 09, 2025: Vecmocon Applied sciences, certainly one of India’s foremost deep-tech startup working in sustainable and clear mobility, has closed its Sequence A funding of USD 18mn. The spherical was anchored by EIF, a sustainability targeted VC fund, with participation from Aavishkaar Capital, certainly one of India’s main influence investing funds, and BII, U.Ok’s improvement finance establishment. The funding spherical additionally noticed participation from current investor, Blume Ventures.
Based in 2016 by IIT and ISB alumni, the New Delhi primarily based startup is constructing “most strong methods” for Indian situations, as the corporate builds for the worldwide EV and clear vitality transition. Leveraging the facility of deep know-how, Vecmocon’s mission is to make sure that the following technology of electrical autos is smarter, extra linked, and powered by modern options that drive the EV revolution ahead. It goals to combine clever methods and data-driven insights into each EV, making them extra responsive, adaptive, and environment friendly. Within the coming years, Vecmocon is dedicated to advancing sustainable mobility by empowering EV manufacturers with cutting-edge know-how that reduces environmental influence.
This funding will assist Vecmocon’s efforts to increase its market presence, give attention to advancing capabilities in embedded design, energy electronics, IoT, and information science and enabling its options to energy over 1 Lakh autos on Indian roads. A portion of the funding may also assist crew enlargement and the institution of international-standard R&D infrastructure for the electric-automotive sector, while fuelling Vecmocon’s world ambitions.
Having established sturdy relationships with business gamers by persistently delivering high-quality, dependable, and market-adaptive options, Vecmocon underscores the significance of growing indigenous experience in computing parts for EVs to boost effectivity and accessibility and to develop into a key provider for EV OEMs and ecosystem gamers in India and different rising markets. Their strategy of integrating good software program, information insights, and monetary options positions it as a number one car intelligence supplier within the EV sector.
Talking in regards to the fundraise, Peeyush Asati, Vecmocon CEO stated, “This infusion of capital will supercharge our efforts to engineer the following technology of essentially the most strong, high-performance, software-defined, and safety-critical methods uniquely tailor-made for Indian situations and world deployment in electrical autos and clear vitality methods. We’re not simply constructing for India—we’re constructing in India, by Indian engineers, for the world. Our dedication to initiatives equivalent to ‘Atmanirbhar Bharat’ is deeply embedded in our product philosophy, empowering native options to world IP and fostering technological sovereignty”.
Devin Whatley, Managing Companion, EIF, stated, “At EIF, we’re thrilled to assist Vecmocon because it builds the technical spine for India’s quickly increasing EV ecosystem. Its cutting-edge options unlock smarter, safer and extra dependable EVs – accelerating the shift to sustainable transportation. With its customer-centric strategy, demonstrated efficiency and passionate crew, we consider Vecmocon is well-positioned to guide the EV intelligence motion within the nation”.
Shashvat Rai, Companion at Aavishkaar Capital, stated “We’re delighted to assist Vecmocon of their mission to revolutionize sustainable and clear mobility. This funding aligns completely with our dedication in the direction of fostering modern options that drive optimistic environmental influence. We consider Vecmocon’s cutting-edge know-how will play a important position in shaping the way forward for transportation in India”.
About Vecmocon Applied sciences
Based and incubated in IIT Delhi in 2016 by Peeyush Asati, Shivam Wankhede and Adarshkumar Balaraman, Vecmocon Applied sciences is a full-stack, deep-tech firm growing safety-critical digital and software program platforms for electrical autos. Its choices embrace Battery Administration Programs (BMS), clever chargers, Automobile Intelligence Modules (VIM), motor controllers, and cloud-based analytics that guarantee superior efficiency, reliability, and data-driven insights for EV OEMs, fleet operators, and monetary establishments. With over 215 workers, Vecmocon’s options are deployed in additional than 100,000 autos, together with two-wheelers, three-wheelers, and light-weight business autos, with enlargement plans concentrating on high-voltage autos, passenger automobiles, fleet operators and vitality storage methods in each Indian and worldwide markets.
About EIF
Ecosystem Integrity Fund (EIF) invests in early growth-stage firms contributing to environmental sustainability and local weather resilience throughout a number of sectors together with renewable vitality, transportation, agriculture and meals, local weather resilience, inexperienced chemistry, waste discount, and effectivity. EIF takes a systems-based strategy to sustainability funding, finding out each the drivers for change in addition to the constraints to innovation in market niches which are ripe for improvement. EIF invests in firms fixing actual issues, leading to higher funding alternatives and higher influence. The agency has over $650 million in property underneath administration. For extra data, go to: www.eif.vc
About Aavishkaar Capital
Aavishkaar Capital is an Impression fund supervisor targeted on the World South. A pioneer in taking an entrepreneurship-based strategy to scaling companies for influence, Aavishkaar Capital’s distinctive strategy has resulted in its invested enterprises impacting over 144 million lives. Aavishkaar Capital invests in excessive environmental and social influence sectors throughout India, Rising Asia, and Africa. Aligned to 13 out of the 17 Sustainable Growth Objectives, Aavishkaar Capital has efficiently raised eight funds, whereas producing business returns with over c.$555 million in property underneath administration. | www.aavishkaarcapital.in
