The Energy Company secures pre-seed funding for full stack battery platform
- ByStartupStory | March 13, 2023
The Energy Company, building a Full Stack Battery platform, announced today that it has secured a pre-seed undisclosed investment led by LetsVenture. Other notable investors, including Sia Angels and WFC, also participated in the round. The startup is focused on developing a Full Stack Battery platform.
Having already conducted product testing with several fleet operators and EV aggregators in Bangalore and Delhi, the company has secured pre-seed funding that will allow it to build on this momentum and expedite its growth. The investment will be used to expand the team, acquire additional customers, and obtain certification for the product that meets the new AIS standards.
Founded in 2021 by Prashant Rathee, Rahul Lamba, and Pratik Somani, The Energy Company is focused on promoting sustainable energy transactions. The company has developed a battery-enabled SAAS platform called FLEXI, which enables E-2W users to quickly charge their vehicles within 15 minutes at public charging points or at home.
Rahul Lamba, the CEO and co-founder of The Energy Company, stated that fast charging is a necessary and unavoidable aspect of electric vehicles, but it needs to be adaptable and tailored to individual needs, much like smartphones. He expressed his excitement at the support of their investors as they work towards taking TEC to new heights.
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