Mobile EV charging firm Mobec Innovations raises US$ 1 million

Mobec Innovations, a mobile-charging as a service company, has secured US$ 1 million in seed funding, of which the majority of funding coming in from Singapore-based Purple Stone Consulting.

Noida-based Mobec offers fully-integrated ultrafast EV charging solutions with no additional fixed infrastructure. This provides consumers with the option of charging anywhere and anytime. Mobec serves customers across all categories, including individual vehicle owners (two and four wheelers), commercial vehicles and fleet owners. It offers quick charge via high capacity portable mobile chargers.

Mobec CEO Harry Bajaj said, “We are driven by the idea of being part of the evolving electric vehicles sector in India by bringing in sustainable solutions and ensuring smooth mobility all through." 

By 2030, NITI Aayog expects to reach 70 percent EV market penetration for all commercial vehicles, 30 percent for private cars, 40 percent for buses, and 80 percent for two and three-wheelers. The startup aims to dovetail with the expanding electric mobility ecosystem, complementing the latent need to have quick access to EV charging on the go by removing EV recharge concerns by providing mobile charging solution.