India-based DeCharge, a startup focused on blockchain-powered EV charging solutions, has raised US$2.5 million in its seed funding round.

The funding was led by Lemniscap, an early-stage crypto investment firm, with participation from existing investors including Colosseum, Daedalus Angels, EV3 Labs, Chainyoda Jedis, Levitate Labs.

Individual investors such as Nom, creator of the memecoin BONK, and Arnold Lee from Spherelabs, also took part in the funding.

Founded in 2024 by Mohan Ponnada, Prakash Kamraj, and Rama Krishna, DeCharge runs a decentralized EV charging network on the Solana blockchain, offering IoT-enabled charging stations that handle authentication and payments.

The funding will support DeCharge’s expansion in the US, Europe, the Middle East, and emerging markets, focusing on deploying VoltBox chargers in highways, logistics hubs, and urban centers.