[Funding Alert] EV charging Startup ElectricPe raises $5Mn funding led by Green Frontier Capital, Blume Ventures, Micelio Fund

ElectricPe

ElectricPe, an EV charging aggregation platform, has closed a $5 million pre-Series A funding round. The round was led by Green Frontier Capital, Blume Ventures and Micelio Fund. Dubai-based NB Ventures, Anchorage Capital Partners, Supermorpheus and Climate Angels also participated in the round. 

The Series A pre-funding round was completed just 12 months after the funding round was launched. ElectricPe plans to use the $8 million in joint capital to deepen technology investments and expand operations. 

Founded in May 2021 by Avinash Sharma and Raghav Rohila, ElectricPe offers a B2C EV charging and demand generation app. It promises to become a one-stop platform where EV users can quickly identify, access and pay for EV charging points.

Avinash Sharma, Co-Founder and CEO of ElectricPe, said, “We have always believed in incremental capitalization as we grow our operations and build a holistic end-to-end platform for consumers.” 

Sandiip Bhammer, Managing Partner of Green Frontier Capital, said, “In 7.5 months, usage of the ElectricPe app increased by 30% month-on-month, with customers completing 4 million green kilometres on the network, according to a company statement. 

The Bengaluru-based charging aggregator says ElectricPe has built the “densest” charging network in Bengaluru with 10,000 live charging points since inception.

He added, “ElectricPe is working to create easy and seamless access to a trusted network of charging/swapping stations in one place.”

Arpit Agarwal, Director of Blume Ventures, said, “The EV sector is growing at a rapid pace and consumers are looking for one-stop solutions not only to help increase adoption, but also the use of charging infrastructure.”

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