EV battery maker The Energy Company raises $2-M from Siana Capital, Callapina, others

Bengaluru-based electric vehicle battery producer The Energy Company (TEC) has raised USD 2 million in a Pre-Series A round from Siana Capital, Callapina Capital, Z21 Ventures, 1Crowd, LetsVenture and others.The new funds will be used to grow the firm’s full-stack battery intelligence platform ‘Flexi’, to scale up its batteries ‘FlexiPack’ for electric two-wheelers and e-rickshaws and to expand its presence into the small and medium-sized energy storage systems (ESS) sector with appliances for homes, vacation rentals, and offices.Founded in 2021 by Rahul Lamba, Prashant Rathee and Pratik Somani, TEC develops fast-charging batteries and the accompanying software stack that enables adaptive battery management and second-life applications. It claims to have around 2,000 stations across India in partnership with Ather Energy.