Vecmocon Secures $18 Million Series A to Power Next‑Gen EV Technologies
The Delhi-based deep-tech startup, Vecmocon Technologies, raised 153 crore in its Series A funding round. Noticeable participation was seen from Ecosystem Integrity Fund (EIF), Blume Ventures, Aavishkaar Capital, and British International Investment.
Vecmocon was founded by Peeyush Asati, Shivam Wankhede, and Adarshkumar Balaraman in 2016. The company develops critical EV systems infused with high-performance software, which is suitable for Indian roads and also ready for global impact.
The company has been collaborating with renowned organisations like Battery Smart, Battrixx, Livguard, Greenfuel Energy Solutions Pvt Ltd, and more.
The freshly raised funds will be used to reach various market segments, such as electric two-wheelers, three-wheelers, light commercial vehicles, and buses. Also, the team will be focusing on R&D for EVs and energy storage systems, manufacturing, and service networks in 10 cities across India.
“We are delighted to support Vecmocon in their mission to revolutionise sustainable and clean mobility. This investment aligns perfectly with our commitment towards fostering innovative solutions that drive positive environmental impact,” said Shashvat Rai, Partner at Aavishkaar Capital.
“We’re not just building for India—we’re building in India, by Indian engineers, for the world. Our commitment to initiatives such as ‘Atmanirbhar Bharat’ is deeply embedded in our product philosophy, empowering local alternatives to global IP and fostering technological sovereignty,” Peeyush Asati, the CEO and Founder of Vecmocon.
- Vecmocon Secures $18 Million Series A to Accelerate Next-Gen EV Technologies
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