Vecmocon Raises $18M Series A to Power 100,000+ Indian EVs

Vecmocon Technologies, a New Delhi-based deep-tech startup specializing in safety-critical electronics and intelligent systems for electric vehicles (EVs), has successfully raised over $18 million in an extended Series A funding round. This round was led by the Ecosystem Integrity Fund (EIF), with participation from Aavishkaar Capital, British International Investment (BII), Blume Ventures, and others, building on an initial $10 million raised in late 2024. The capital will enable Vecmocon to expand its team, establish global-standard R&D labs, and enhance capabilities in embedded design, power electronics, IoT, and data science to power more than 100,000 EVs across India and globally. The startup focuses on developing a full-stack EV intelligence platform, including Battery Management Systems, Vehicle Intelligence Modules, and smart chargers, tailored to Indian conditions and scalable for worldwide deployment. Additionally, the funding round included a significant secondary share transaction, allowing early investors to exit with substantial returns, reflecting growing confidence in India's EV component ecosystem. Vecmocon’s CEO emphasized their commitment to manufacturing advanced, software-defined, safety-focused EV systems in India for global markets, aligning with broader sustainable mobility ambitions.