Vecmocon Technologies, a deep-tech startup working in sustainable and clean mobility, has raised $18 million in its Series A funding round led by the Ecosystem Integrity Fund (EIF), a sustainability-focused VC fund.
The round also saw participation from Aavishkaar Capital, British International Investment (BII), and existing investor Blume Ventures.
This funding expands upon the earlier Series A capital of $10 million, raised in November 2024 from EIF, British International Investment (BII), and existing investor Blume Ventures, which also backed the company at the pre-Series A stage.
Founded in 2016 by Peeyush Asati, Shivam Wankhede, and Adarshkumar Balaraman, Vecmocon Technologies is a full-stack, deep-tech company developing safety-critical electronic and software platforms for electric vehicles.
Its offerings include Battery Management Systems (BMS), Smart chargers, Vehicle Intelligence Modules (VIMs), secure OTA infrastructure, and AI-native analytics platforms to support OEMs, fleet operators, and EV ecosystem and infrastructure companies in India and international markets.
Vecmocon’s solutions are enabling more than 100,000 vehicles, including two-wheelers, three-wheelers, and light commercial vehicles. Expansion plans target high-voltage vehicles, passenger cars, fleet operators, electric buses, electric trucks, and energy storage systems in both Indian and international markets.
The company is focused on integrating advanced technological innovations, including zonal ECU-compliant architectures, 5 G-enabled V2X communication devices, secure boot environments, and comprehensive automotive cybersecurity protocols, ensuring reliability, safety, and enhanced connectivity for next-generation electric vehicles.
Peeyush Asati, CEO and Co-Founder, Vecmocon, said, “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. We are committed to designing, developing, and manufacturing entirely within India to address both Indian and global market demands effectively. In doing so, we are preparing to become a significant contributor to the global transition efforts towards sustainable electric mobility and clean energy.”
Devin Whatley, Managing Partner at EIF, said, “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.”
Shashvat Rai, Partner at Aavishkaar Capital, said, “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. The Vecmocon team has made great strides in developing the right solutions for marquee Indian OEMs, and we believe Vecmocon’s cutting-edge technology will play a critical role in shaping the future of the global electric vehicle industry.”
