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Latest Anshuman Bapna News

ElectricPe Raises $3M

Dec 22, 2022

EV charging platform ElectricPe on Thursday said it raised $3 million in a seed round led by Blume Ventures and Micelio Fund. Angel investors, including Anshuman Bapna (Terra.do), Anupam Mittal (Shaadi.com), Arjun Ravi Sheth (Partner at Anchorage Capital Partners), Ashish Goel (UrbanLadder), Bhuvan Gupta (OfBusiness), Jasminder Singh (Nowfloats), Khadim Batti and Vara Kumar (Whatfix), Mukul Rustagi (Classplus), Murthy Aradhi (Whishworks), Nikheel Kamble and Pallav Singh (Numen), Ramakant Sharma (Livspace), Relentless VC, Saurabh Aggarwal (Fitso), Soumitra Mishra (Claro Energy), Supermorpheus, and Tonmoy Shingal (Mettl), among others, participated. The startup will utilise the capital to further develop its deep-tech platform to enable easy access to affordable charging points via its ElectricPe app. Founded in May 2021 by Avinash Sharma and Raghav Rohila, ElectricPe offers a B2C EV charging and demand generation app that offers EV users a one-stop platform to access EV charging points, which also tracks real-time usage. Being OEM agnostic, the startup partners with a nationwide network of EV charging points and independent charge point operators and onboards them onto the ElectricPe platform, making it a unique proposition for the industry. Speaking about the new development, Avinash Sharma, Co-founder and CEO, ElectricPe, said, "Using our proprietary technology and platform approach, we aim to solve for 'trust', which an EV user requires when looking for charging services. With rising fuel prices and favourable government incentives, the EV revolution has already begun, and our vision is to enable affordable and clean charging for all. We are taking an ecosystem approach by working with all industry stakeholders, thereby making adoption more seamless." "We are particularly excited about partnering with Avinash and Raghav on their journey to take India successfully into the new world of EVs, as the #1 reason for the lack of adoption of EVs in India is the lack of charging infrastructure. Unfortunately, it is also a catch-22 situation as charging infrastructure providers won't invest unless they see demand, and consumers won't buy vehicles until they see the infrastructure. ElectricPe is looking to disrupt the market by bridging this gap," stated Arpit Agarwal, Director, Blume Ventures. "A hockey stick growth in the adoption of EVs in India can't be achieved without affordable charging solutions that are ubiquitously available. Most vehicles are either parked at home or in offices for more than 20 hours a day. These vehicles need low-cost charging solutions. We were fascinated by ElectricPe’s vision to address this shortcoming in the market. The duo brings in the right operational and technical expertise required to solve this issue at scale,” added Shreyas Shibulal, Founder and Director, Micelio Fund. Share this article:

Anshuman Bapna Investments

4 Investments

Anshuman Bapna has made 4 investments. Their latest investment was in Climes as part of their Seed VC on July 7, 2022.

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Anshuman Bapna Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/5/2022

Seed VC

Climes

$1.2M

Yes

1

11/11/2021

Seed VC

Subscribe to see more

$99M

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10

7/19/2021

Seed VC

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$99M

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10

1/15/2019

Seed VC

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10

Date

7/5/2022

11/11/2021

7/19/2021

1/15/2019

Round

Seed VC

Seed VC

Seed VC

Seed VC

Company

Climes

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$1.2M

$99M

$99M

New?

Yes

Subscribe to see more

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

10

10

10

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