VC Fund Investments
EV-tech player Vecmocon bags $10-M in Series A from EIF, Blume, BII
Delhi-based vehicle intelligence company Vecmocon Technologies has raised USD 10 million in the first tranche of its Series A funding led by Ecosystem Integrity Fund (EIF). The round also saw participation from Blume Ventures and British International Investment (BII).The new funds are expected to strengthen Vecmocon’s research and development capabilities in high-voltage systems, energy storage system (ESS), develop Zonal ECU-compliant architectures, advance 5G automotive connectivity solutions and team expansion.Founded in 2016 by Peeyush Asati, Adarshkumar Balaraman and Shivam Wankhede, Vecmocon offers mobility solutions including Battery Management Systems (BMS), Vehicle Intelligence Modules (VIM), and EV chargers.
In Sep - 22 , Vecmocon had raised about USD 5.2 M from Blume Ventures, Tiger Global and others.
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