To accelerate EV charging network expansion, startup ACS Energy raises ₹11 million in a pre-seed round led by Inflection Point Ventures.
Mumbai-based EV charging startup ACS Energy (Ayka Control Systems Pvt. Ltd.) has raised ₹11 million in a pre-seed funding round led by Inflection Point Ventures (IPV) to expand its smart, UPI-enabled EV charging infrastructure across India.
The company plans to deploy over 5,000 UPI-enabled charging stations across Maharashtra and Gujarat, making EV charging more accessible for both residential and commercial users. Part of the funding will also support the development of advanced energy management systems for high-rise buildings to improve power distribution and load balancing.
Founded in 2022 by Jash Sheth and Mihir Bhanushali, ACS Energy is addressing the critical gap in EV charging infrastructure for high-rise and township environments, an area underserved despite growing EV mandates in real estate. The company’s AI-driven smart chargers and UPI-based payment platform (ACS Pay) make EV charging faster, more transparent, and user-friendly, a first in India’s charging ecosystem.
Mitesh Shah, Co-Founder of IPV, said the firm backed ACS for its “full-stack hardware and software solution that makes EV charging seamless, accessible, and instant through UPI integration.”
With its innovative approach, ACS Energy aims to accelerate India’s EV adoption by making charging intelligent, interoperable, and convenient, aligning with the country’s broader push toward sustainable urban mobility and green energy adoption.
