Electric vehicle super-app ElectricPe has successfully raised $3 million in a pre-Series A funding round led by Green Frontier Capital, with participation from existing investors Blume Ventures, Micelio Fund, and NB Ventures.
The Bengaluru-based startup, which had previously secured $5 million from its current investors in an earlier pre-Series A round, plans to utilize the new funds for growth, innovation initiatives, and expansion into new geographic locations.
Founded in May 2021 by Avinash Sharma and Raghav Rohila, ElectricPe offers a comprehensive super-app that allows users to identify, access, and pay for EV charging points regardless of their type. The platform features multi-brand stores, providing prospective buyers with a wide range of electric two-wheelers, along with EV financing, servicing, and subscription plans.
In a recent strategic collaboration with Google, ElectricPe now enables users across India to view the availability and status of charging points in real time. The startup claims to operate more than 25,000 public chargers and has captured over 15% of the market share for personal electric two-wheeler sales in Bengaluru within just eight months.
ElectricPe faces competition from other players in the EV charging space, including e-Amrit, Statiq, and PlugShare. However, the company’s unique super-app approach and rapid market penetration position it strongly in the burgeoning EV sector.
Green Frontier Capital, an early-stage venture capital fund, has a notable portfolio of investments in prominent startups such as Battery Smart, BluSmart Mobility, E-Motorad, and Nutrifresh, among others.
