EV tech startup Electrifuel raises Rs 1.8 crore from IAN

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EV tech startup Electrifuel raises Rs 1.8 crore from IAN
EV tech startup Electrifuel raises Rs 1.8 crore from IAN

The EV tech startup company intends to use the funds to hire top talent for multiple roles. Electrifuel also plans to invest in its R&D for the overall growth of the enterprise

Electrifuel, a Delhi-NCR-based EV technology startup, has raised Rs 1.8 crore in its seed round from the Indian Angel Network (IAN).

The EV tech startup company intends to use the funds to hire top talent for multiple roles. Electrifuel also plans to invest in its R&D for the overall growth of the enterprise.

Founded in 2017 by a group of engineers, Sumesh Kumar, Sunil Kumar, Abhishek Kumar, and Ujjwal Bhardwaj, Electrifuel enables EV and battery manufacturers to provide products with precise geolocation and cellular connectivity, efficient and fast charging, effortless battery swapping, warranty and service management.

Electrifuel has already deployed more than 15000 units of its products to over 25 customers and is in trials with 4 Battery Manufacturers. Apart from the battery management system, it also provides necessary hardware like motor controllers, vehicle control unit, telematics, battery charger, and a complete suite of web and mobile apps as software solutions for enterprises and customers, as per reported by YourStory.

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