Deep-tech start-up Vecmocon Technologies has raised $18 million in a series A funding led by Ecosystem Integrity Fund(EIF). The company plans to utilise the funds to expand its market presence, focus on advancing capabilities in embedded design, power electronics, IoT, and data science. A portion of the funding will also support team expansion and the establishment of R&D infrastructure.
The investment round also saw participation from Aavishkaar Capital, British International Investment and existing investor, Blume Ventures.
Founded in 2016, Vecmocon Technologies is New-Delhi based start-up building solutions to make the next generation of electric vehicles smarter and more connected. The company integrates intelligent systems and data-driven insights into every EV, making them more responsive, adaptive, and efficient.
“This infusion of capital will supercharge our efforts to engineer the next generation of the most robust, high-performance, software-defined, and safety-critical systems uniquely tailored for Indian conditions and global deployment in electric vehicles and clean energy systems. We’re not just building for India—we’re building in India, by Indian engineers, for the world.” said Peeyush Asati, Vecmocon CEO.
With a headcount of 215 employees, Vecmocon’s offerings include Battery Management Systems (BMS), intelligent chargers, Vehicle Intelligence Modules (VIM), motor controllers, and cloud-based analytics for EV OEMs, fleet operators, and financial institutions. Its solutions are deployed in more than 100,000 vehicles, including two-wheelers, three-wheelers, and light commercial vehicles.
High-voltage vehicles
The company also plans to expand into high-voltage vehicles, passenger cars, fleet operators and energy storage systems in both Indian and international markets.
Devin Whatley, Managing Partner, 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”.
Inputs from BL Intern Rohan Das
Published on June 9, 2025
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