Deep‑tech startup Vecmocon Technologies on Monday announced that it has raised over USD 18 million (approximately ₹153 crore) in a Series A funding round. The round was led by sustainability‑focused venture capital fund EIF, with participation from Aavishkaar Capital, the UK’s development finance institution BII, and existing investor Blume Ventures.
The new capital will enable Vecmocon to broaden its market presence, advance its capabilities in embedded design, power electronics, IoT, and data science, and power over 100,000 vehicles on the road. Additionally, part of the funding will be allocated to team expansion and the development of R&D infrastructure for the electric‑automotive sector, supporting the company’s global ambitions.
“This infusion of capital will supercharge our efforts to engineer the next generation of robust, high‑performance, software‑defined, and safety‑critical systems, uniquely tailored to Indian conditions and designed for global deployment in electric vehicles and clean energy systems,” said Peeyush Asati, CEO of Vecmocon. “We’re not just building for India, we’re building in India, by Indian engineers, for the world.”
Founded in 2016 by alumni of IIT and ISB, the New Delhi‑based startup is focused on developing the most reliable systems for Indian operating conditions. Vecmocon aims to integrate intelligent systems and data‑driven insights into every electric vehicle, making them more responsive, adaptive, and efficient.
This investment will support Vecmocon’s efforts to expand its market presence, focus on advancing capabilities in embedded design, power electronics, IoT, and data science and enabling its solutions to power over 1 Lakh vehicles on Indian roads. A portion of the funding will also support team expansion and the establishment of international-standard R&D infrastructure for the electric-automotive sector, whilst fuelling Vecmocon’s global ambitions.
Having established strong relationships with industry players, Vecmocon underscores the importance of developing indigenous expertise in computing elements for EVs to enhance efficiency and accessibility and to become a key supplier for EV OEMs and ecosystem players in India and other emerging markets. Their approach of integrating smart software, data insights, and financial solutions positions it as a leading vehicle intelligence provider in the EV sector.
