With participation from its current investors Blume Ventures, Micelio Fund, and NB Ventures, super-app for electric vehicles ElectricPe has raised $3 million in a pre-Series A round led by Green Frontier Capital.
The Bengaluru-based business had previously raised $5 million from its current investors in a pre-Series A round.
According to a press release from ElectricPe, the additional funding will be used for growth, innovation projects, and expansion into new regions.
ElectricPe, a full-stack super app co-founded in May 2021 by Avinash Sharma and Raghav Rohila, enables users to locate, access, and pay for EV charging stations regardless of the type of charging they require. In addition to giving users access to a large selection of E-2 wheelers, the platform’s multi-brand stores also provide EV financing, servicing, and subscription plans.
Users in India can now view the availability and status of charging stations in real-time thanks to a recent partnership between ElectricPe and Google.
In just eight months, ElectricPe claims to have operated in more than 25,000 public chargers and to have over 15% of the Bengaluru market for personal EV 2-wheeler sales.
PlugShare, e-Amrit, Statiq, and other startups in this field could be direct or indirect competitors of ElectricPe.
A well-known startup like Battery Smart, BluSmart Mobility, E-Motorad, and Nutrifresh, among others, was backed by Green Frontier Capital, an early-stage venture capital firm.
