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

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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.

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IIT Hyderabad Unveils Palyanka, Heavy-Lift Drone for Air Ambulance Use

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Hyderabad - Drone

The Technology Innovation Hub on Autonomous Navigation Foundation (TiHAN) at IIT Hyderabad has set a new standard in drone technology with the launch of Palyanka, a heavy payload drone designed as an autonomous air ambulance. Capable of carrying up to 200 kg, Palyanka is engineered to swiftly transport patients, medical equipment, or critical cargo across challenging terrains, bypassing traditional barriers like road congestion and remote inaccessibility. This advanced UAV operates autonomously, making it highly effective for rapid response in both urban and rural emergencies, and stands at the forefront of disaster relief operations in scenarios such as floods and fires.

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X’s Major Price Cut in India: Premium Plans Now More Accessible Than Ever

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StartupStories

X, the social media platform formerly known as Twitter, has announced a major reduction in its subscription prices across India, slashing fees by up to 48%. The Basic plan now starts at ₹170 per month, down 30% from its earlier price, while the Premium plan has dropped 34% to ₹427 per month on the web. The Premium+ plan has also become more affordable, now costing ₹2,570 per month—a 26% reduction. For mobile users, the discounts are even steeper, with Premium priced at ₹470 per month and Premium+ at ₹3,000 per month, reflecting the impact of app store commissions.

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Linda - Startup Stories

Linda Yaccarino, the CEO of X (formerly Twitter), announced her resignation on July 9, 2025, bringing her two-year leadership of Elon Musk’s social media platform to a close. Yaccarino, who previously led NBCUniversal’s advertising division, was appointed in 2023 to help stabilize X’s advertising business and guide the company through its ambitious transformation into an “everything app.” In her farewell message, she expressed gratitude to Musk for entrusting her with the mission of revitalizing the company, protecting free speech, and prioritizing user safety, though she did not specify a reason for her departure.


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