ACS Energy raises Rs 1.1 Cr in pre-seed round led by IPV

Mumbai-based EV charging startup ACS Energy (Ayka Control Systems) has raised INR 1.1 crore in a pre-seed funding round led by Inflection Point Ventures (IPV).Founded in 2022 by Jash Sheth and Mihir Bhanushali, ACS Energy is a UPI-enabled EV charging platform that develops and deploys industrial control systems for green energy solutions. The company designs and manufactures hardware and software for EV charging stations, including solutions for residential, commercial, and industrial settings.The new funds will be used to set up more than 5,000 UPI-enabled EV charging stations across Maharashtra and Gujarat. A part of the funding will also go into developing advanced energy management systems for high-rise buildings.