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Shadine Taufik · · 1 min read

Tiger Global backs $5.2m round of India-based EV solutions startup

Vecmocon uses deep tech to deliver an integrated hardware and software solution for electric vehicles.

Its technology allows original equipment manufacturers to produce vehicles faster, more reliably, and cost-effectively. The company is headquartered in India.

Funding details

  • Funding amount: US$5.2 million
  • Investors: Tiger Global Management, Blume Ventures
  • Stage: Pre-series A
  • Source

More details

Vecmocon

The company was founded in 2016 by Peeyush Asati, Shivam Wankhede, and Adarshkumar Balaraman.

Stage Amount (US$) Investors
Pre-series A 5.2 million Blume Ventures, Tiger Global Management
Total 5.2 million

See also: 50 rising startups in India

Editing by Samreen Ahmad and Jaclyn Tiu

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Shadine Taufik

Fan of all things AI and art.