June 09, 2025: Vecmocon Technologies, a leading deep-tech startup specializing in sustainable and clean mobility, has successfully raised $18 million in Series A funding. The round was led by EIF, a sustainability-focused VC fund, with participation from Aavishkaar Capital, a prominent impact investing firm, and British International Investment (BII), the UK’s development finance institution. Existing investor Blume Ventures also joined the round.
Founded in 2016 by IIT and ISB alumni, Vecmocon is committed to building robust, intelligent systems designed for Indian conditions while contributing to the global EV and clean energy transition. The company integrates deep technology to enhance the responsiveness, adaptability, and efficiency of electric vehicles, enabling smarter and more connected mobility solutions.
This funding will accelerate Vecmocon’s market expansion and drive advancements in embedded design, power electronics, IoT, and data science. The company aims to deploy its solutions across 100,000+ vehicles on Indian roads, reinforcing its commitment to sustainable innovation. Additionally, part of the investment will support team growth and the development of world-class R&D infrastructure, further fueling its global ambitions.
Vecmocon has established strong partnerships within the EV industry, consistently delivering high-quality, market-adaptive solutions. Its indigenous expertise in computing elements for EVs enhances efficiency and accessibility, positioning the company as a key supplier for OEMs and ecosystem players in India and emerging markets.
Leadership Perspectives:
Peeyush Asati, CEO, Vecmocon Technologies, expressed confidence in the company’s trajectory:
“This investment will propel our vision of building the most advanced, software-defined, and safety-critical EV systems, uniquely designed for Indian conditions and global deployment. Our commitment to ‘Atmanirbhar Bharat’ drives us to create local alternatives to global IP, fostering technological sovereignty.”
Devin Whatley, Managing Partner, EIF, emphasized Vecmocon’s impact:
“Vecmocon is shaping the future of EV intelligence with cutting-edge solutions that ensure smarter, safer, and more reliable mobility. We are thrilled to support their journey toward sustainable transportation.”
Shashvat Rai, Partner, Aavishkaar Capital, highlighted the strategic alignment:
“Vecmocon’s innovative approach to clean mobility aligns perfectly with our goal of driving positive environmental impact through technology. We believe their solutions will play a crucial role in redefining India’s transportation landscape.”
With this latest funding, Vecmocon is poised to lead the EV revolution, integrating smart software, data-driven insights, and financial solutions to redefine mobility for the future.
