# ElectricPe

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/electricpe

- Industry: Internet
- Headquarters: Bengaluru, India
- Website: www.electricpe.com
- Total disclosed funding: $2.6M
- Latest round: Seed (Dec 29, 2021)
- Investors on record: 2

## About

ElectricPe, based in Bengaluru, India, provides advanced electric vehicle (EV) charging solutions for both commercial and residential applications, fostering the adoption of sustainable transportation.ElectricPe was founded in 2021 in Bengaluru, India, focusing on electric vehicle charging solutions. The company was co-founded by Avinash Sharma and Raghav Rohila. In July 2024, ElectricPe raised USD 3 mn in pre-Series A funding from investors including Blume Ventures, Green Frontier Capital, Micelio Fund, and NB Ventures, amounting to a total of USD 3 mn raised to date. The company has completed 5 deals, with the most recent occurring on July 30, 2024.ElectricPe specializes in providing innovative electric vehicle (EV) charging solutions designed for both commercial and residential applications. Their core product offerings include advanced charging stations that cater to various electric vehicles, enhancing user experience and efficiency. ElectricPe primarily serves commercial clients such as fleet operators, parking facilities, and real estate developers, as well as individual consumers seeking reliable home charging options. Their products are marketed in key geographical areas including North America and select markets in Europe.In 2023, ElectricPe generated revenue of USD 23,275.10 and reported an EBITDA of USD -1,368,169.80. The company's revenue model includes both B2B and B2C transactions, offering customers options for purchasing charging stations outright or through subscription-based services that include ongoing maintenance and software updates. Transactions typically involve upfront costs for hardware combined with recurring fees for software services.In July 2024, ElectricPe raised USD 3 mn in pre-Series A funding from investors, which will be utilized to expand market reach and enhance research and development efforts. The company plans to release new products designed to improve EV charging solutions and is targeting expansion into additional markets across Europe and North America by the end of 2025.

## Funding rounds

- Seed, Dec 29, 2021, $2.6M — Blume Ventures, Micelio

## Investors

- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Seed
- Micelio (https://capitalatlas.ai/funds/micelio) — Seed