Deep tech startup Vecmocon Tech raises $18 million in round led by Ecosystem Integrity Fund

Deeptech startup Vecmocon Technologies raises $18 million in a funding round led by Ecosystem Integrity Fund (EIF), with Blume Ventures and Aavishkaar Capital participating.

The startup has raised a fresh $8 million in this round, building on the earlier $10 million bagged in November 2024, also led by EIF, along with Blume Ventures and British International Investment (BII).

Incubated in IIT Delhi in 2016, Vecmocon provides an integrated electric vehicle (EV) intelligence stack with functional safety-compliant battery management systems (BMS), smart chargers, vehicle intelligence modules (VIMs), and AI analytics platforms.


They serve original equipment manufacturers (OEMs), fleet operators, and EV ecosystem and infrastructure companies in India and abroad.

"The company has focussed on light electric vehicles (two/three-wheeler EVs) so far. We now sense a bigger opportunity in the high-voltage and high-powered vehicles, i.e. four-wheelers, trucks, and electric buses. The current funding will be used to accelerate R&D and product development for these segments," CEO and cofounder Peeyush Asati told ET.

Light electric vehicles do not always prioritise functional safety due to cost considerations. However, for high-voltage platforms, this is non-negotiable; that's where the opportunity for Vecmocon comes in.

Any electric vehicle has key software and compute components, including BMS and chargers, which have microcontrollers onboard, which have the necessary software to control and manage the vehicle. These are the software-defined components that Vecmocon engineers, Asati explained.

“We are essentially a business-to-business (B2B) company, and we act as a supplier to automotive OEMs,” he added.

Vecmocon said its products are designed and manufactured domestically. Based in Noida, Vecmocon is an engineering-heavy team of around 200 people.

Vecmocon, which has raised $25 million in funding so far, claims to power over one lakh EVs across the world and aims to integrate its technology and insights into vehicles to make them more responsive and efficient.