Major Funding Boost to Power Next-Gen EV Solutions
Vecmocon Technologies, a New Delhi-based deep-tech startup, has raised $18 million in a Series A funding round led by Ecosystem Integrity Fund (EIF), with participation from Aavishkaar Capital, British International Investment (BII), and existing backer Blume Ventures. This capital infusion will enable Vecmocon to scale its proprietary embedded systems, power electronics, and data intelligence platforms, which already power over 100,000 electric vehicles across India.
Building Robust, Adaptive EV Components
Founded in 2016 by IIT and ISB alumni, Vecmocon specializes in designing intelligent, adaptive components for electric vehicles, including battery management systems, motor controllers, vehicle intelligence modules, and cloud-based analytics. The company’s mission is to engineer high-performance, safety-critical, and software-defined systems tailored for Indian conditions, while aligning with the global shift toward clean mobility.
Scaling R&D and Market Presence
The new funding will be used to expand Vecmocon’s engineering teams, enhance R&D capabilities, and establish infrastructure that meets international standards for the electric automotive sector. The company also plans to advance its expertise in embedded design, IoT, and data science, with the goal of powering over 200,000 EVs in the near future.
Vision for Indian and Global Markets
CEO Peeyush Asati emphasized Vecmocon’s commitment to building in India for the world, stating, “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”. The company’s solutions are designed to make EVs smarter, more connected, and more efficient, supporting India’s push for technological self-reliance and sustainable mobility.
Backing from Global Impact Investors
Lead investor EIF, along with Aavishkaar Capital and BII, highlighted Vecmocon’s role in accelerating the shift to sustainable transportation and its potential to lead the EV intelligence movement in India. The company’s growth is expected to further India’s leadership in EV technology and support the global transition to clean energy.
