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Vecmocon Raises $18 Million to Boost EV Tech Capabilities and Expansion

EV

Jun 11, 2025

New Delhi-based clean mobility startup Vecmocon has secured $18 million in Series A funding from Ecosystem Integrity Fund, Aavishkaar Capital, British International Investment, and existing investor Blume Ventures. The deep-tech company will use the capital to scale operations, enhance R&D infrastructure, and expand its presence across India’s growing electric vehicle (EV) market. Vecmocon aims to power over 100,000 EVs with its solutions.

The startup specializes in safety-critical electronics and software platforms for EVs, offering products like battery management systems, intelligent chargers, motor controllers, and cloud analytics. These technologies serve EV OEMs, fleet operators, and financiers, delivering high performance, reliability, and data insights.

The funding also supports Vecmocon’s ambitions to become a major supplier to OEMs in India and emerging markets. This comes amid a booming EV sector in India, with 1.95 million EVs sold in 2024—up 27% from 2023—and government support through the Rs10,900 crore PM E-DRIVE Program. The Ministry of Heavy Industries has also mandated 100% domestic content in 18 EV components to qualify for subsidies, boosting the push for local manufacturing and innovation in the sector.