Deep tech startup Vecmocon raises $18 million in Series A funding

Vecmocon Technologies, a Delhi-based deep-tech startup focused on electric vehicle (EV) technology, has raised $18 million in a Series A funding round. The round was led by Ecosystem Integrity Fund (EIF), with participation from Aavishkaar Capital, British development finance institution BII, and existing investor Blume Ventures, the company said in an official statement today.

Founded in 2016, Vecmocon develops embedded electronic and software systems for EVs designed to meet Indian market conditions. The company provides solutions such as Battery Management Systems (BMS), vehicle intelligence modules, motor controllers, and cloud-based analytics. Its products are currently installed in over 100,000 vehicles, including two-wheelers, three-wheelers, and light commercial vehicles.

The fresh capital will be used to expand Vecmocon’s R&D capabilities, grow its team, and scale its market presence both in India and internationally. The startup aims to support more than 1 lakh vehicles on Indian roads in the coming years and plans to enter the passenger car and energy storage sectors.

Vecmocon CEO Peeyush Asati said the funding will help the company build “robust, high-performance, safety-critical systems” suited to Indian conditions but also applicable globally. The company emphasizes its commitment to building technology in India for both domestic and export markets.

Ecosystem Integrity Fund highlighted Vecmocon’s potential to strengthen India’s EV ecosystem by enabling smarter, safer, and more reliable electric vehicles. Meanwhile, Aavishkaar Capital cited the startup’s role in advancing sustainable mobility and clean transportation solutions in India.

Vecmocon currently employs over 215 people and continues to develop technology aimed at improving efficiency and reliability for EV manufacturers, fleet operators, and financial institutions.