Delhi-based deep-tech EV startup Vecmocon secured an additional $18 million (approximately ₹153 crore) in its Series A funding round on June 9, 2025. The lead investor is Ecosystem Integrity Fund (EIF), with b support from Aavishkaar Capital, British International Investment (BII), and Blume Ventures.
Vecmocon develops safety-critical electronics and software systems for EVs. These include battery management systems, vehicle intelligence modules, motor controllers, smart chargers, and cloud-based analytics. Leveraging cellular and IoT-friendly technologies, the company currently supports 100,000+ EVs in India.
Planned Use of Funds from the Current Round:
- Expand its R&D center and its technical team across areas such as embedded design, power electronics, IoT, and data science.
- Expand its systems to more OEMs (original equipment manufacturers) and fleet operators, particularly in the logistics, auto, and smart city sectors.
- Strengthen its full-stack making and manufacturing capabilities in India to support the 'Make-in-India' and 'Atmanirbhar Bharat' initiatives.
Significance of this Funding:
India's EV market recently surpassed 1.95 million units, reflecting a 27% year-over-year growth. This funding signifies a significant investment not only in the vehicles themselves but also in the backend technologies of the EV ecosystem. Investment from global partners like EIF and BII indicates that India is poised for the next generation of electric mobility, demonstrating its commitment to global sustainability and safety transformations.
Expert Opinions:
Vecmocon CEO Peeyush Asati stated that this capital will be used to build "most robust, safety-critical systems" manufactured in India to global standards. EIF Managing Partner Devin Whatley noted that this will make India's EV infrastructure "smarter, safer, and more reliable," strengthening India's leadership in global clean transport.
This funding represents more than just capital; it signals India's growing self-reliance in EV technology. With the "brains" (software and hardware) of EVs developed in India, the country is better positioned to offer affordable, safe, and globally competitive mobility solutions.
It remains to be seen whether this initiative by Vecmocon and other tech startups will successfully transform India into a climate-smart, tech-forward, and future-ready EV powerhouse.
