IPEC

Bengaluru, India Founded: 2017 • Age: 9 yrs
Power conversion solutions for e-mobility are designed and manufactured.
Annual revenue $7.5M Latest available
Total funding $3.0M 1 rounds
Employees 63 Tracked headcount
Investors 1 Known backers
Products 4 Services tracked
Competitors 9 Brand Intelligence

About IPEC

IPEC is a company based in Bengaluru (India) founded in 2017. IPEC has raised $3 million across 1 funding round from investors including Gruhas. The company has 63 employees as of April 07, 2024. IPEC offers products and services including EV Charging Products, Public EV Charging Solutions, Home Chargers, and Charging Connectors. IPEC operates in a competitive market with competitors including Wallbox, myenergi, POD Point, CTEK and Span.IO, among others.

  • Headquarter Bengaluru, India
  • Employees 63 as on 07 Apr, 2024
  • Sectors
    Transportation, Automotive & Logistics
    Energy & Utilities
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  • Legal Name Ipec India Private Limited
  • Date of Incorporation 02 Nov, 2017
  • Jurisdiction New Delhi, Delhi, India
Operational Areas
Transportation, Automotive & Logistics → Automotive Technology & Mobility Solutions Unlock Sub-Sector Unlock Segment
Energy & Utilities → Energy Storage & Efficiency Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $7.47 M (USD)
    591.71
    as on Mar 31, 2022
  • Net Profit
    $117.55 K (USD)
    824.34
    as on Mar 31, 2022
  • EBITDA
    $216.47 K (USD)
    520.81
    as on Mar 31, 2022
  • Total Equity Funding
    $3 M (USD)

    in 1 rounds

  • Latest Funding Round
    $3 M (USD), Series A

    Mar 28, 2025

  • Investors
  • Employee Count
    63

    as on Apr 07, 2024

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Products & Services of IPEC

IPEC offers a comprehensive portfolio of products and services, including EV Charging Products, Public EV Charging Solutions, Home Chargers, and Charging Connectors.

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Primary

Products for EV charging tailored to automotive OEMs.

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Solutions for public EV charging stations and applications.

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Portable and onboard chargers for home EV charging needs.

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Components for secure EV charging connections.

People of IPEC

Headcount 200-500
Employee Profiles 1
Employee Profiles
People
Vinod Sharma
Managing Director

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Teams

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Funding Insights of IPEC

IPEC has successfully raised a total of $3M through 1 strategic funding round. The most recent funding activity was a Series A round of $3 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in IPEC

IPEC has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Gruhas.

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Venture Fund
Investor Description Founded Year Domain Location
Venture capital firm investing in technology-driven innovations and partnerships in India.
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Investor details for IPEC

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Investments & Acquisitions by IPEC

Investments
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Investment portfolio details for IPEC

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Financial Statements - IPEC

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Detailed financials for IPEC

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Ipec Comparisons

IPEC Primary company
Description
Power conversion solutions for e-mobility are designed and m...
Location
Bengaluru, India
Founded Year
2017
Annual Revenue
$7.47 M (USD)
Net Profit
$117.55 K (USD)
EBITDA
$216.47 K (USD)
Employees
63
As of 2024
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Peer comparison for IPEC

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Competitors of IPEC

IPEC operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wallbox, myenergi, POD Point, CTEK and Span.IO, among others.

Company Name Domain Founded year HQ Location Description
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Provider of electric-vehicle charging solutions
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Electric vehicle charger solutions are provided by myenergi.
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Provider of electric vehicle charging solutions
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EV chargers for automotive batteries are manufactured and distributed worldwide.
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Smart panels for home energy management are provided by Span.IO.
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SaaS management solutions for EV charging operators are provided.
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Detailed competitors of IPEC

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Latest news on Ipec

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Complete news archive for IPEC

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Frequently Asked Questions about IPEC

IPEC was founded in 2017 and raised its 1st funding round 8 years after it was founded.

IPEC is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Zohra Khan is the current CEO of IPEC.

IPEC is a funded company, having raised a total of $3M across 1 funding round to date.

As of Apr 07, 2024, the latest employee count at IPEC is 63.

Annual revenue of IPEC is $7.47M as on Mar 31, 2022.

Founded in 2017 and based in Bengaluru, India, the company operates in the e-mobility sector. Power conversion products are designed and manufactured for electric vehicles, including chargers for two-wheeled, three-wheeled, and four-wheeled models. Components such as charging connectors and vehicle inlets are also produced. Intelligent charging systems are provided for residential, commercial, and fleet applications, incorporating AC and DC chargers alongside a centralized management system and mobile application.

IPEC's top competitors include POD Point, Span.IO and Wallbox.

IPEC offers EV Charging Products, Public EV Charging Solutions, Home Chargers, and Charging Connectors.

IPEC has 1 investor. Key investors include Gruhas.

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