Electric vehicle startup Vecmocon Technologies has raised $5.2 million in Pre Series A from Tiger Global, Blume Ventures and other angel investors.
The New-Delhi headquartered start-up provides solutions like motor controllers, BMS, instrument cluster and Vehicle Intelligence Module for electric vehicles. Vecmocon (short for Vector Motion Control) counts BGauss and Bounce as its clients, among others.
Blume Ventures had earlier invested in EV startups like Yulu, Euler Motors, BatterySmart, and ElectricPe.
Venkatesh Modi from the investment team at Blume Ventures said on LinkedIn, “We at Blume have been very bullish about the EV sector in India. Our investment into Vecmocon comes from a deep insight into the evolution of the two-wheeler EV space in the country. Their solutions – motor controller, BMS, and Vehicle Intelligence Module are designed and tested for Indian roads. These components can be readily used by any EV OEM to set up their brand and offer any number of EV models. The integrated solution, which ties up all the components together to work in the best efficiency possible, is a true differentiator. This also allows the servicing of the vehicle easy for an OEM. The ability to deliver reliable solutions to an OEM and establish a long-term partnership allows Vecmocon to establish itself as an ODM empowering 100s of OEMs.”
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