How Much Did ElectricPe Raise? Funding & Key Investors

ElectricPe has successfully raised funding over 5 rounds, with the most recent investments coming from AcceliCITY powered by Leading Cities and Blume Ventures. The company is supported by a total of 26 investors, including 4 lead investors.

Keep reading to explore the intricacies of ElectricPe's fundraising journey and the investors backing this innovative platform.

What Is ElectricPe?

ElectricPe, founded in 2021, is a private company based in Bengaluru, Karnataka, India. The company operates in the industries of Charging Infrastructure, Clean Energy, Electric Vehicle, and Transportation.

With an employee count between 51-100, ElectricPe provides smart, affordable, and clean electric mobility solutions. The company offers a comprehensive range of services, including EV sales, test rides, financing, and extensive charging infrastructure.

How Much Funding Has ElectricPe Raised?

1. Non-Equity Assistance
   • Amount Raised: Not publicly disclosed
   • Date: July 2024
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To receive strategic support and resources without diluting equity.
2. Seed Round
   • Amount Raised: USD 3,000,000
   • Date: July 2024
   • Lead Investors: Green Frontier Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To solidify its position as a comprehensive solution for EV users and expand to new geographic locations.
3. Seed Round
   • Amount Raised: USD 5,000,000
   • Date: January 2023
   • Lead Investors: Blume Ventures, Green Frontier Capital, Micelio Fund
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To drive EV adoption by consolidating charging, EV buying, and servicing in one place.
4. Debt Financing
   • Amount Raised: INR 99,000,000
   • Date: September 2022
   • Lead Investors: Micelio Fund
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support operational expenses and infrastructure expansion.
5. Seed Round
   • Amount Raised: USD 3,000,000
   • Date: November 2021
   • Lead Investors: Blume Ventures, Micelio Fund
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To launch initial operations and develop the EV charging infrastructure.

Total Amount Raised: USD 11,000,000

Current Valuation: Not publicly disclosed

Key Investors

• Green Frontier Capital
  • Details: Green Frontier Capital is an early-stage venture capital fund that led the recent funding round for ElectricPe. The firm is dedicated to backing innovative companies that are shaping a sustainable future.
  • Investment Focus Areas: Sustainability, Clean Energy, Electric Mobility
  • Notable Investments: Not specified
• Blume Ventures
  • Details: Blume Ventures is a venture capital firm that has been an existing lead investor in ElectricPe. The firm typically invests in early-stage startups across various sectors.
  • Investment Focus Areas: Technology, Healthcare, Consumer Products
  • Notable Investments: Not specified
• Micelio Fund
  • Details: Micelio Fund is an investment firm focused on electric mobility and related technologies. It has been a consistent investor in ElectricPe.
  • Investment Focus Areas: Electric Mobility, Clean Energy, Transportation
  • Notable Investments: Not specified
• NB Ventures
  • Details: NB Ventures is a venture capital firm that has participated in multiple funding rounds for ElectricPe. The firm invests in a diverse range of sectors.
  • Investment Focus Areas: Technology, Startups, Innovation
  • Notable Investments: Not specified
• AcceliCITY powered by Leading Cities
  • Details: AcceliCITY powered by Leading Cities is an organization focused on smart city solutions and clean energy. It has been a lead investor in ElectricPe's non-equity assistance rounds.
  • Investment Focus Areas: Smart City Solutions, Clean Energy, Sustainability
  • Notable Investments: ElectricPe

What's Next for ElectricPe?

ElectricPe stands at the cusp of significant growth opportunities, driven by its recent $3 million funding round. The company is poised to expand geographically and strengthen its service offerings, leveraging its partnership with Google to map EV charging stations in India. This collaboration enhances visibility and usability, making ElectricPe a comprehensive solution for EV users.

Future fundraising prospects look promising, with the successful pre-Series A round indicating potential for further investments. As the EV market grows, ElectricPe's strategic positioning and technological integrations make it an attractive candidate for additional funding rounds and potential acquisitions.

However, challenges such as competition from other EV-charging aggregators, regulatory hurdles, and ensuring the reliability of their charging network could pose obstacles. Navigating these challenges will be crucial for ElectricPe to maintain its growth trajectory and capitalize on the burgeoning EV market.

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