Funding News: Bengaluru-Based Startup IPEC raises $3 Million Investment

Startup: IPEC

Founder: Zohra Khan

About us: IPEC India Private Limited was started in 2017 as a joint-venture between Meher Group, Deki Electronics & Sungho Electronics with a vision to become a leading provider of Power Electronic Products and Solutions in the area of E-Mobility. This joint venture combines a deep domain knowledge, manufacturing and business experience in the Power, Electrical and Electronics sectors.

Founded Year: 2017

Office: Bengaluru, Karnataka

Sector: Manufacturing

Funding Round: Investment

Investors: Nikhil Kamath and Abhijeet Pai's venture, Gruhas

IPEC, an EV charging startup, has raised a $3 million investment from Nikhil Kamath and Abhijeet Pai's venture, Gruhas.

IPEC stated in a press release that the funding will further solidify its position as a leader in the EV charging market and enable it to push its growth in the wider power electronics market.

“IPEC is fast emerging as a changemaker in India’s EV charging ecosystem. As the country accelerates toward an electric future, reliable and scalable charging infrastructure built on quality components, sub-assemblies, and smart chargers becomes mission-critical. Together, Zohra and IPEC have led the way in this space. By already serving four of India’s top OEMs, they’ve set benchmarks in manufacturing chargers, especially for the two-wheeler segment. Their deep ecosystem understanding and technical capabilities position them to expand beyond two-wheelers, into broader applications”, said Abhijeet Pai, Co-Founder of Gruhas.

Website: https://www.i-pec.in/