EV charging startup IPEC attracts $3-M from Gruhas

Delhi-based electric vehicle (EV) charging startup IPEC has attracted USD 3 million from Nikhil Kamath- and Abhijeet Pai-promoted venture capital firm Gruhas.The proceeds will be used to strengthen the company’s EV charging business and accelerate growth in the broader power electronics domain.IPEC was formed in 2017 as a joint venture between Meher Group, Deki Electronics and Sungho Electronics. The platform offers private, portable, and public EV chargers as well as EV connectors and vehicle charging inlets.