Deeptech startup Vecmocon Technologies on Monday closed its $18 million Series A funding round led by Ecosystem Integrity Fund (EIF).
Existing investor Blume Ventures and Aavishkaar Capital also participated in the funding round. This funding expands the earlier Series A round of $10 million the company had raised in November 2024 from EIF, British International Investment (BII), and Blume Ventures.
“This infusion of capital will be used to further accelerate our research and development endeavours, with a goal of building the most robust and advanced platforms for connected electric vehicles and energy storage ecosystems,” said Peeyush Asati, CEO and Co-founder, Vecmocon.
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Founded in 2016 by Adarshkumar Balaraman Shivam Wankhede, and Peeyush Asati, Vecmocon is developing EV intelligence stack that includes safety-compliant Battery Management Systems (BMS), Smart chargers, Vehicle Intelligence Modules (VIMs), and AI-native analytics platforms to support original equipment manufacturers (OEMs), fleet operators, among others.
The company is also eyeing international demand and preparing its product roadmap to align with this.
“At EIF, we’re thrilled to support Vecmocon as it builds the technical backbone for India’s rapidly expanding EV ecosystem. Its cutting-edge solutions unlock smarter, safer, and more reliable EVs–accelerating the shift to sustainable transportation. With its customer-centric approach, demonstrated performance, and passionate team, we believe Vecmocon is well-positioned to lead the EV intelligence movement in the country,” said Devin Whatley, Managing Partner at EIF.
Edited by Megha Reddy
