Redefining EV tech with Indian innovation, Vecmocon bags $18 million funding to boost R&D and expand globally with smart, connected mobility solutions.
Vecmocon Technologies, an Indian deep-tech electric mobility firm, has raised $18 million in Series A funding. The latest round was led by Ecosystem Integrity Fund (EIF), with participation from Blume Ventures and Aavishkaar Capital.
This investment builds on an earlier Series A infusion of $10 million in November 2024, supported by EIF, British International Investment (BII), and Blume Ventures. Blume also backed the company during its pre-Series A phase.
Vecmocon is building an intelligence stack for electric vehicles (EVs). Its offerings include safety-compliant battery management systems (BMS), smart chargers, vehicle intelligence modules (VIMs), and secure over-the-air (OTA) updates.
The company also leverages AI-powered analytics to support OEMs, fleet operators, and EV infrastructure providers both in India and abroad.
CEO and Co-Founder Peeyush Asati said the fresh funds will be channelled into advancing research and development. The goal is to develop a robust platform for connected electric vehicles and energy storage systems, entirely designed and manufactured in India.
EIF’s Managing Partner, Devin Whatley, highlighted the firm’s commitment to accelerating clean mobility. Shashvat Rai from Aavishkaar Capital praised Vecmocon’s progress in delivering solutions to top Indian OEMs. He noted the investment aligns with India’s green mobility goals under initiatives like Make in India and FAME-II.
Founded in 2016 and incubated at IIT Delhi, Vecmocon’s technology is already powering over 100,000 EVs. The company now plans to expand into high-voltage vehicles, electric buses, and energy storage systems for global markets.
Its future roadmap includes zonal ECU architectures, 5G-ready V2X devices, and enhanced cybersecurity measures to support the next wave of EV innovation.
