Delhi, India, 9th June 2025 – Vecmocon Technologies, a deep-tech electric mobility solutions provider, today announced the successful closure of its Series A funding round, raising a total of $18 million. The round was led by Ecosystem Integrity Fund (EIF), with participation from Blume Ventures and Aavishkaar Capital. This funding expands upon the earlier Series A capital of $10 million, raised in November 2024 from EIF, British International Investment (BII), and existing investor Blume Ventures, which also backed the company at the pre-Series A stage.
“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, Vecmocon.
Vecmocon is developing a future-ready EV intelligence stack that includes functional safety-compliant Battery Management Systems (BMS), Smart chargers, Vehicle Intelligence Modules (VIMs), secure OTA infrastructure, and AI-native analytics platforms to support OEMs, fleet operators, and EV ecosystem and infrastructure companies in India and international markets.
Speaking on funding, Devin Whatley, Managing Partner at EIF, said, “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.”
Aligned with India’s strategic initiatives, including Make in India, FAME-II, and the Production Linked Incentive (PLI) scheme, PM-eDrive Vecmocon’s products are fully designed and manufactured domestically, fostering technological sovereignty and self-reliance.
“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.”
With its sights set on global electric vehicle (EV) markets, Vecmocon is proactively preparing its product roadmap to address growing international demand. The company is focused on integrating advanced technological innovations, including zonal ECU-compliant architectures, 5G-enabled V2X communication devices, secure boot environments, and comprehensive automotive cybersecurity protocols, ensuring reliability, safety, and enhanced connectivity for next-generation electric vehicles.
