EV intelligence startup Vecmocon raised $5.2 million in Pre Series A from Tiger Global, Blume Ventures and other prominent angel investors.
Vecmocon provides battery management systems, vehicle intelligence services, instrument clusters, motor controllers, EV chargers, and other products. The funds will be used to build the startup's team, scale operations, and innovate new products. "We intend to use this fundraise primarily to invest in team and technology," Vecmocon cofounder and CEO Peeyush Asati said in a statement. The plug-and-play service is currently integrated into EV OEM products, focusing on EV two-wheelers, three-wheelers, forklifts, and tractors.