July 20, 2024

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electrifuel: EV tech startup Electrifuel raises Rs 1.8 crore in funding from Indian Angel Community

Electrical car (EV) expertise startup Electrifuel stated on Wednesday it has raised Rs 1.8 crore in funding from the Indian Angel Community (IAN), led by lead buyers Vishnuraj Kunjur, Sahil Kejriwal, and Pradeep Gupta.

The startup stated it might use the funds to rent for a number of roles because it expands its staff to scale manufacturing, and to put money into analysis and improvement (R&D).

Based in 2017 by Sumesh Kumar, Sunil Kumar, Abhishek Kumar, and Ujjwal Bhardwaj, Electrifuel helps EV and battery producers present merchandise with exact geolocation and mobile connectivity, environment friendly and quick charging, battery swapping, guarantee, and repair administration.

“Whereas we now have been a bootstrapped firm since our inception, with IAN backing us now, we’ll scale up at a a lot quicker tempo and develop our staff. We want to pace up the event of latest merchandise, purchase extra purchasers, and develop our general footprint,” stated Ujjwal Bhardwaj, cofounder of Electrifuel.

The EV startup claims to have deployed greater than 15,000 models of its merchandise to over 25 prospects and is in trials with 4 battery producers. Other than a battery administration system, they supply {hardware} reminiscent of a motor controller, car management unit, telematics, and an entire suite of internet & cell apps for enterprises and prospects.

“Electrifuel has developed proprietary, indigenous battery administration (BMS), telematics {hardware}, and EV working system by means of its SaaS mannequin. Their tools and software program mannequin are confirmed contemplating the variety of models applied by main producers reminiscent of Greenfuel, Indigrid, Waaree, and Hyperex, amongst others. We’re excited to be a part of Electrifuel’s journey, development, and mission,” stated Vishnuraj Kunjur, lead investor at IAN.

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