<ul><li>Vecmocon Technologies, an EV intelligence startup, is set to raise INR 74 Cr (around $8.7 Mn) in a funding round led by Aavishkaar Capital and existing backers EIF and Blume Ventures.</li><li>The funding round includes both primary and secondary deals, with primary round involving issuance of new shares worth INR 50.4 Cr, where EIF is investing INR 21 Cr and Aavishkaar the rest.</li><li>On the secondary side, Tessellate Tech Ventures is exiting fully by selling its 2.97% stake for INR 15.85 Cr, with other investors and co-founders also selling shares in the total value of INR 23.7 Cr.</li><li>Vecmocon, offering various EV services, had previously raised $10 Mn in a Series A round in 2024, and the current funding aligns with the growing Indian EV market focus on solving core issues like charging infrastructure and battery performance.</li></ul>

Vecmocon To Raise $8.7 Mn From Aavishkaar Capital, Others

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