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IPEC India Secures $3 Million Investment to Expand EV Charger Production

EV charging solutions provider IPEC India has received a USD 3 million investment from Gruhas, an investment platform co-founded by Nikhil Kamath and Abhijeet Pai. Based in Bangalore, IPEC India specializes in manufacturing a wide range of electric vehicle chargers and has become a key player in the Indian EV infrastructure market.

Founded in 2017 as a joint venture between Meher Group, Deki Electronics Ltd, and Sungho Electronics, IPEC set out with a mission to lead in power electronics for e-mobility. Since then, it has delivered over 1 million EV charging products to top electric vehicle original equipment manufacturers (OEMs) across India. This significant track record underlines its role in supporting the rapid electrification of transport in the country.

With the newly secured funding, IPEC India is preparing to scale up its manufacturing capacity to 50,000 units per month, signaling a strong growth trajectory and increasing demand for high-quality, locally made charging solutions. The company’s expansion aligns with India’s broader push for sustainable transport and self-reliant manufacturing in the EV sector.