Vecmocon Technologies Raises $18 Million in Series A Funding

Vecmocon Technologies, a deep-tech electric mobility solutions provider, has completed its Series A funding round with a total raise of $18 million on June 9, 2025, in Delhi, India. The funding was led by Ecosystem Integrity Fund (EIF) with participation from Blume Ventures and Aavishkaar Capital to support the company's research and development initiatives for connected electric vehicles and energy storage systems.

The Series A round consisted of two phases, with the initial $10 million raised in November 2024 from EIF, British International Investment (BII), and Blume Ventures, followed by an additional $8 million in Phase 2 led by EIF with participation from Aavishkaar Capital.

The company will deploy the capital to advance its development of EV intelligence platforms, including functional safety-compliant Battery Management Systems, Smart chargers, Vehicle Intelligence Modules, secure over-the-air infrastructure, and AI-native analytics platforms. These solutions target original equipment manufacturers, fleet operators, and EV ecosystem companies in both domestic and international markets.

"This infusion of capital will be used to further accelerate our Research and Development endeavours, with a goal of building the most robust and advanced platforms for connected electric vehicles and energy storage ecosystems. We are committed to designing, developing, and manufacturing entirely within India to address both Indian and global market demands effectively. In doing so, we are preparing to become a significant contributor to the global transition efforts towards sustainable electric mobility and clean energy," said Peeyush Asati, CEO and Co-Founder of Vecmocon.

The funding supports Vecmocon's alignment with India's strategic initiatives, including Make in India, FAME-II, and the Production Linked Incentive scheme. The company maintains domestic design and manufacturing operations to support technological sovereignty and self-reliance objectives.

"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. With its customer-centric approach, demonstrated performance, and passionate team, we believe Vecmocon is well-positioned to lead the EV intelligence movement in the country," said Devin Whatley, Managing Partner at EIF.

Aavishkaar Capital's participation reflects the investment firm's focus on environmental impact solutions. "We are delighted to support Vecmocon in their mission to revolutionise sustainable and clean mobility. This investment aligns perfectly with our commitment towards fostering innovative solutions that drive positive environmental impact," said Shashvat Rai, Partner at Aavishkaar Capital. "The Vecmocon team has made great strides in developing the right solutions for marquee Indian OEMs, and we believe Vecmocon's cutting-edge technology will play a critical role in shaping the future of the global electric vehicle industry."

Vecmocon's technology portfolio encompasses safety-critical electronic and software platforms for electric vehicles, with current solutions enabling more than 100,000 vehicles across two-wheelers, three-wheelers, and light commercial vehicles. The company plans to expand into high-voltage vehicles, passenger cars, fleet operations, electric buses, electric trucks, and energy storage systems.

The company's international expansion strategy includes integration of advanced technological innovations such as zonal ECU-compliant architectures, 5G-enabled vehicle-to-everything communication devices, secure boot environments, and comprehensive automotive cybersecurity protocols for next-generation electric vehicles.

Founded in 2016 and incubated at IIT Delhi, Vecmocon Technologies operates as a full-stack technology company with co-founders Peeyush Asati serving as CEO, Adarshkumar Balaraman as COO, and Shivam Wankhede as CTO.