February 12th, 2025
Funding to Power Expansion in EV and Energy Storage Markets
The Energy Company (TEC), a full-stack EV battery provider, has secured $2 million in pre-Series A funding to strengthen its battery intelligence platform and expand into new markets.
Investment Highlights
The funding round attracted notable investors:
- Siana Capital
- Callapina Capital
- Z21 Ventures
- 1Crowd
- LetsVenture
Strategic Growth Plans
TEC will focus on two key areas:
- Enhancing the Flexi battery intelligence platform
- Scaling FlexiPack batteries for e-two wheelers and e-rickshaws
- Expanding into energy storage systems for homes and offices
Market Expansion
The company plans to enter:
- Home energy storage solutions
- Vacation rental power systems
- Office backup solutions
- Small-scale energy storage
- Medium-sized power systems
“We’re excited to have the support of a dynamic group of investors who share our vision for the future of energy,” said Rahul Lamba, CEO of TEC.
This investment marks a significant step in TEC’s journey to revolutionize India’s energy storage landscape, from EVs to residential solutions.
