Vecmocon Raises $18 Million in Series A Funding to Drive Next-Gen EV Intelligence and Clean Mobility
- ByStartupStory | June 9, 2025
Vecmocon Technologies, a leading deep-tech startup pioneering vehicle intelligence for electric mobility, has raised USD 18 million in its Series A round. The funding round was led by Ecosystem Integrity Fund (EIF), with participation from Aavishkaar Capital, British International Investment (BII), and existing investor Blume Ventures.
Founded in 2016 by alumni of IIT and ISB, Vecmocon is on a mission to accelerate India’s transition to clean and connected mobility. The startup develops safety-critical, high-performance software and electronic systems for electric vehicles (EVs), tailored for both Indian road conditions and global deployment.
The fresh infusion of capital will be used to scale Vecmocon’s market presence, strengthen its R&D capabilities in embedded systems, power electronics, IoT, and data science, and support team expansion. The startup also aims to build world-class R&D infrastructure to support the evolving needs of India’s electric automotive industry.
Peeyush Asati, CEO and Co-founder of Vecmocon, said,
“This infusion of capital will supercharge our efforts to engineer the next generation of the most robust, high-performance, software-defined, and safety-critical systems uniquely tailored for Indian conditions and global deployment. We’re not just building for India—we’re building in India, by Indian engineers, for the world.”
The New Delhi-based startup’s solutions are already powering over 100,000 electric vehicles on Indian roads, including two-wheelers, three-wheelers, and light commercial vehicles. Its product suite includes Battery Management Systems (BMS), Vehicle Intelligence Modules (VIM), smart chargers, motor controllers, and cloud-based analytics.
Devin Whatley, Managing Partner, EIF, commented,
“At EIF, we’re thrilled to support Vecmocon as it builds the technical backbone for India’s rapidly expanding EV ecosystem. Its cutting-edge solutions unlock smarter, safer and more reliable EVs – accelerating the shift to sustainable transportation.”
Shashvat Rai, Partner at Aavishkaar Capital, added,
“We are delighted to support Vecmocon in their mission to revolutionize sustainable and clean mobility. This investment aligns perfectly with our commitment towards fostering innovative solutions that drive positive environmental impact.”
Vecmocon’s unique approach—combining indigenous hardware, smart software, data insights, and financial solutions—positions it as a leading technology enabler for India’s EV OEMs and mobility ecosystem. With over 215 employees and a fast-growing footprint, the company now looks to expand its offerings to include high-voltage vehicles, passenger EVs, and energy storage systems for global markets.
About Vecmocon Technologies
Founded in 2016 at IIT Delhi by Peeyush Asati, Shivam Wankhede, and Adarshkumar Balaraman, Vecmocon is a full-stack electric mobility company developing smart electronic and software platforms for electric vehicles. With deployments across 100,000+ EVs and partnerships with major OEMs and financial institutions, Vecmocon is shaping the future of clean transportation through innovation, performance, and reliability.
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