Connect with us

Latest News

Vecmocon Secures $10 Million in Funding Led by Ecosystem Integrity Fund!

Published

on

Electric vehicle (EV) components manufacturer Vecmocon has successfully raised $10 million in a funding round led by the Ecosystem Integrity Fund (EIF). This round also saw participation from existing investor Blume Ventures and British International Investment (BII). The newly raised capital will fuel Vecmocon’s efforts to strengthen its presence across diverse market segments such as electric two-wheelers, three-wheelers, light commercial vehicles (LCVs), and buses.

Focus on Advanced EV Solutions

Founded in 2016 by Peeyush Asati, Adarshkumar Balaraman, and Shivam Wankhede, Vecmocon specializes in developing safety-critical components for EVs. These include:

  • Battery Management Systems (BMS)
  • EV Chargers
  • Vehicle Intelligence Modules (VIM)
  • Secure Firmware-Over-The-Air (FOTA) Solutions

The startup is committed to addressing the needs of the rapidly growing EV market. Asati noted, “EVs are becoming increasingly viable economically and environmentally, particularly due to declining battery costs, which have significantly reduced vehicle prices. The commercial vehicle segment has especially embraced EVs, thanks to their lower operational costs.”

R&D and Technological Advancements

The funding will be allocated to research and development (R&D), talent acquisition, and collaborations with larger Original Equipment Manufacturers (OEMs) to address a variety of use cases. Specifically, Vecmocon aims to enhance its capabilities in high-voltage systems and energy storage solutions while developing zonal ECU-compliant architectures and advancing 5G automotive connectivity solutions.

Expanding Global Footprint

Vecmocon, incubated at IIT Delhi, operates in key Indian cities including Delhi, Bangalore, Chennai, and Lucknow. The company has a notable clientele that includes Exide, BGauss, and Battery Smart. With existing customers in Sri Lanka, Vecmocon plans to explore opportunities in Southeast Asia and African markets to broaden its international reach.

Previous Funding Rounds

This latest funding round follows a previous investment of $5.2 million in 2022 from Tiger Global and Blume Ventures, marking a significant step in the company’s journey toward becoming a global leader in EV intelligence solutions.

Strategic Backing and Industry Validation

Highlighting the investment, Devin Whatley, Managing Partner at EIF, stated, “Vecmocon is well-positioned to leverage the growing adoption of EVs in India. Their solutions provide a competitive edge by ensuring quicker time-to-market and superior performance and safety for their customers.”

Arpit Agarwal, Partner at Blume Ventures, added, “Vecmocon’s agility and ability to adapt to market demands are impressive. Their rapid expansion through major industry partnerships underscores their leadership in vehicle intelligence.”

A Bright Future Ahead

With this funding, Vecmocon is poised to strengthen its role in India’s evolving EV ecosystem by offering cutting-edge solutions for safety, performance, and market adaptability. The company’s commitment to innovation and strategic partnerships positions it well for future growth.

Market Dynamics

As the demand for electric vehicles continues to rise globally, Vecmocon’s focus on developing advanced components will be crucial for meeting the needs of manufacturers looking to enhance their offerings. The ongoing transition towards sustainable transportation presents significant opportunities for companies like Vecmocon that are dedicated to advancing EV technology.

Conclusion

Vecmocon’s successful funding round not only highlights investor confidence in its business model but also reinforces its commitment to being at the forefront of the electric vehicle revolution. With plans for expansion into new markets and continuous innovation in product development, Vecmocon is well-equipped to capitalize on the growing demand for electric vehicles both domestically and internationally. As it moves forward with its strategic initiatives, Vecmocon aims to play a pivotal role in shaping the future of intelligent mobility solutions.

Continue Reading
Advertisement
3 Comments

3 Comments

  1. deutschexxxx.com

    January 4, 2025 at 6:34 am

    I think thjis iss aong thee most significant information for me.
    Andd i amm glad rreading ykur article. Butt wanna rmark on some general things, Thhe web site stye is perfect,
    the articles is really nice : D. Goood job, cheers

  2. b"asta binance h"anvisningskod

    April 5, 2025 at 12:06 pm

    Your article helped me a lot, is there any more related content? Thanks!

  3. Account binance

    June 16, 2025 at 11:54 am

    Your point of view caught my eye and was very interesting. Thanks. I have a question for you.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Kerala Startup E-Quark Launches Innovative Mobile Holder with Built-In Charger

Published

on

Equark - StartupStories

Kerala-based startup E-Quark Molecule Innovations Pvt Ltd, headquartered in Thrissur, has introduced an innovative device called Keratin that combines a mobile phone holder with a built-in charger. This unique gadget is designed to offer users a convenient solution to hold and charge their smartphones simultaneously, addressing the common challenge of managing power supply while using mobile devices.

The device enhances user experience by integrating two essential functions into one compact design. It securely holds the phone while providing efficient charging, making it perfect for use on desks, bedside tables, or other personal spaces where easy access and power are needed. This innovation aligns with the growing trend of multifunctional mobile accessories that prioritize both convenience and practicality.

E-Quark Molecule Innovations is a key player in Kerala’s dynamic startup ecosystem, which has been rapidly expanding in tech-driven areas such as electric vehicle charging infrastructure. With the launch of this mobile holder-charger, the company is establishing itself as a leader in user-centric mobile accessories, further cementing Kerala’s position as a hub for cutting-edge technology development.

Continue Reading

Latest News

New Instagram Features Let Users Customize Profiles and Share Quietly

Published

on

Instagram Grid

Instagram is rolling out two major features in June 2025 that promise to give users unprecedented creative control and privacy: grid rearranging and silent posting. The long-awaited grid rearranging tool allows users to freely drag and drop posts anywhere on their profile grid, breaking away from the traditional chronological order. This means users can now curate their profiles for a more visually appealing or thematic presentation, without the hassle of deleting and reposting content—an update especially welcomed by brands, creators, and anyone meticulous about their digital aesthetic.


In tandem, Instagram is introducing the “Post quietly to profile” feature, which lets users add photos and videos to their grid without notifying followers or pushing the content to their feeds. This silent posting option is ideal for those who want to document moments privately, experiment with new content, or maintain a cohesive grid without spamming their audience. It’s designed to reduce the pressure of public sharing, making Instagram a more comfortable space for personal expression and experimentation.

 

These updates reflect Instagram’s commitment to user empowerment and flexibility, responding directly to years of feedback. As Instagram head Adam Mosseri stated, the goal is to help users “create and share without added pressure,” giving them more freedom over how their content appears and how they engage with their audience.

Continue Reading

Latest News

Zepto Delays IPO to Focus on Profitability and Indian Ownership

Published

on

Zepto - StartupStories

Overview

Zepto, a leading quick commerce startup, has postponed its planned IPO to early 2026, shifting its focus to achieving profitability and increasing Indian shareholding before going public.

Key Reasons for Delay

  • Profitability Focus: Zepto aims to reach EBITDA break-even before listing, unlike many tech firms that went public while still loss-making.
  • Market Uncertainty: Ongoing global and domestic market volatility influenced the decision to wait for more stable conditions.
  • Peer Comparison: The company wants to present a stronger profit profile, learning from the performance of rivals like Swiggy and Zomato (now Eternal).

Boosting Domestic Shareholding

  • Target: Zepto plans to raise Indian ownership to at least 51% to comply with FDI norms and reinforce its Indian identity.
  • Actions: The company is conducting secondary share sales to Indian investors and founders are increasing their stakes by buying from foreign investors.
  • Progress: Domestic ownership has reached about 40-44%, with expectations to surpass 51% before the IPO.

Financial and Operational Updates

  • Efficiency Drive: Zepto is optimizing operations, running over 900 dark stores and offering 48,000 SKUs, to reduce cash burn and move toward profitability.
  • Challenges: The company faces stiff competition from Swiggy Instamart and Blinkit, leading to higher costs, and has dealt with operational pauses and regulatory scrutiny in some regions.

Outlook

Zepto remains positive about its future, aiming to raise around $800 million in its IPO and attract both domestic and international investors. CEO Aadit Palicha emphasizes building a sustainable, majority Indian-owned business before entering the public market.

Summary: Zepto’s IPO delay reflects a strategic focus on financial stability and regulatory compliance, with profitability and Indian ownership at the forefront.

Continue Reading
Advertisement

Recent Posts

Advertisement