<ul><li>Vecmocon Technologies has raised over $18 million in a Series A funding round anchored by EIF, with participation from Aavishkaar Capital, BII, and Blume Ventures.</li><li>The investment will help the company expand market presence, enhance capabilities in embedded design, power electronics, IoT, and data science, and power over 1 lakh vehicles on roads.</li><li>The funding will also support team expansion, R&D infrastructure establishment for the electric-automotive sector, and global ambitions of the company.</li><li>CEO Peeyush Asati stated that the capital infusion will enable the engineering of high-performance, safety-critical systems for Indian and global deployment in electric vehicles and clean energy systems.</li></ul>

Vecmocon Technologies raises over $18 million in Series A round

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