The Energy Company Secures $2M Pre-Series A Funding Led by Siana Capital
- ByStartupStory | February 10, 2025
The Energy Company (TEC), a startup focused on battery intelligence solutions for commercial EV fleets, has raised $2 million in a Pre-Series A round led by Siana Capital. Other investors in this round include Callapina Capital, Z21 Ventures, 1Crowd, Lets Venture, and additional backers.
This marks TEC’s second funding round, following a $600,000 investment in 2023. The fresh capital will accelerate the expansion of TEC’s flagship battery intelligence platform, Flexi, designed to enhance battery lifespan, optimize financing, and improve performance for commercial EV operators.
Commenting on the investment, Vinod Jose, investor at Callapina Capital, stated:
“The EV revolution is well underway in India, and at Callapina Capital, we’ve been actively looking for the right early-stage opportunity to invest in. While there’s a lot of action across the battery value chain, what attracted us to The Energy Company (TEC) is their sharp focus on solving a critical gap in commercial EV adoption. TEC deeply understands the pain points of fleet operators—battery lifespan, high financing costs, and unpredictable performance—and has built a full-stack battery intelligence platform to address them. Their Flexi technology enables ultra-fast charging, adaptive battery management, and second-life applications, fundamentally transforming fleet economics. Thus, in a crowded market, TEC is able to carve out a differentiated and scalable space for itself by leveraging their proprietary IP. We’re excited to back Rahul Lamba and the TEC team as they play a strategic role in India’s battery future.”
TEC was founded by Rahul Lamba, Prashant Rathee, Pratik Somani, and Vinay Karulkar to tackle key challenges in EV battery management. The company aims to scale its FlexiPack technology for electric two-wheelers and e-rickshaws while expanding into small and medium-sized energy storage systems (ESS).
Expressing his enthusiasm for the funding, Rahul Lamba, CEO of The Energy Company, said:
“We’re excited to have the support of a dynamic group of investors who share our vision for the future of energy. This funding will supercharge the growth of our full-stack battery intelligence platform, Flexi, helping commercial EV fleets tackle key challenges like battery lifespan and financing. We’ll also scale up FlexiPack for electric two-wheelers and e-rickshaws while expanding into small and medium-sized energy storage systems (ESS). Partnering with Siana Capital, Callapina Capital, Z21 Ventures, 1Crowd, Lets Venture, and other top-tier investors brings us one step closer to redefining India’s energy landscape and building a cleaner, connected & smarter energy ecosystem.”
With the growing adoption of electric vehicles in India, TEC’s innovative approach to battery intelligence positions it as a key player in enhancing fleet efficiency and sustainability. The new funding will enable the company to further develop its proprietary technology and expand its market reach.
Follow Startup Story
Related Posts
