EVamp Technologies Secures First Round of Funding

EVamp Technologies Private Limited, the company operating India's rapidly expanding Mobilane EV Charging Network, has successfully closed its first round of funding.

The capital will fuel the company's ambitious plans to scale its pan-India charging infrastructure while launching in-house manufacturing of AC chargers and Light Electric Vehicle (LEV) DC chargers.

The funding announcement comes as EVamp positions itself as a unique player in India's electric vehicle charging sector. Unlike many competitors still burning through investor capital, EVamp claims to be the country's only Charge Point Operator (CPO) to achieve Profit After Tax (PAT) positivity before raising external funding.

With this fresh capital injection, EVamp is pivoting toward vertical integration by bringing charger manufacturing in-house. The company plans to produce its entire range of AC and LEV DC chargers domestically, a move that could reduce dependence on imported components and improve profit margins.

"This funding marks a major milestone in our journey," said Devansh Shah, Founder of EVamp Technologies. "We've developed deep capabilities in charger technology and operations, and we're proud to announce the start of in-house manufacturing for our entire range of AC and LEV DC chargers."

Shah emphasized the company's expansion strategy, noting that EVamp is "now ready to scale rapidly and help lay the foundation for a sustainable EV infrastructure across the country."