ElectricPe has raised $3 million in a Pre-Series A funding round. The round was led by Green Frontier Capital, with participation from the existing investors Blume Ventures, Micelio Fund and NB Ventures. The funds will be used for geographic expansion and the introduction of new products.
Avinash Sharma, Co-Founder and CEO, ElectricPe, expressed confidence in the company’s future with the new funding, stating, “The funding will help consolidate the company’s services into a single platform to cater to all EV needs.”
This investment concludes ElectricPe’s Pre-Series A round at $8 million, which began last year with an initial $5 million.
Sandiip Bhammer, Managing Partner, Green Frontier Capital, emphasised on the firm’s commitment to sustainability and ElectricPe’s role in promoting EV adoption, saying, “We are committed to back companies that promote sustainability, and ElectricPe’s comprehensive approach to EV adoption aligns with our vision.”