Vecmocon Technologies, a deep-tech startup focusing on vehicle intelligence for electric mobility, secures $18 million in Series A funding led by Ecosystem Integrity Fund (EIF).
Vecmocon, founded in 2016, aims to accelerate India's transition to clean and connected mobility by developing software and electronic systems tailored for electric vehicles.
The funding will be utilized to expand market presence, enhance R&D capabilities, and support team growth in embedded systems, power electronics, IoT, and data science.
Vecmocon's solutions power over 100,000 electric vehicles in India and the company plans to broaden its offerings to include high-voltage vehicles and energy storage systems for global markets.