About Vecmocon
Vecmocon is a company based in Noida (India) founded in 2016 by Peeyush Asati, Adarshkumar Balaraman, and Shivam Wankhede.. Vecmocon has raised $23.71 million across 4 funding rounds from investors including Angel List, FITT and British International Investment. The company has 74 employees as of March 29, 2024. Vecmocon offers products and services including Battery Management System, Charger, EV Cluster, Vehicle Intelligence Module, and Motor Controller. Vecmocon operates in a competitive market with competitors including Eatron, Ion Energy Labs, Electra Vehicles, Williams Advanced Engineering and Breathe Battery Technologies, among others.
- Headquarter Noida, India
- Employees 74 as on 29 Mar, 2024
- Founders Peeyush Asati, Adarshkumar Balaraman, Shivam Wankhede
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Vecmocon Technologies Private Limited
- Date of Incorporation 01 Aug, 2016
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$604.26 K (USD)247.23as on Mar 31, 2023
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Net Profit
$49.17 K (USD)40.6as on Mar 31, 2023
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EBITDA
$-18.29 K (USD)-134.84as on Mar 31, 2023
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Total Equity Funding
$23.71 M (USD)
in 4 rounds
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Latest Funding Round
$18 M (USD), Series A
Nov 14, 2024
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Investors
Angel List
& 28 more
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Employee Count
74
as on Mar 29, 2024
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Products & Services of Vecmocon
Vecmocon offers a comprehensive portfolio of products and services, including Battery Management System, Charger, EV Cluster, Vehicle Intelligence Module, and Motor Controller. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages battery packs for EVs with smart CAN communication.
Efficient intelligent charger for two and three-wheeler applications.
Displays critical information for smooth electric vehicle operation.
Enables vehicle communication and sub-system integration.
Controls motors with adaptive algorithms for performance.
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Funding Insights of Vecmocon
Vecmocon has successfully raised a total of $23.71M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $18 million completed in November 2024. 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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $18.0M
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First Round
First Round
(01 Jun 2019)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series A - Vecmocon | Valuation | Ecosystem Integrity Fund | |
| Sep, 2022 | Amount | Seed - Vecmocon | Valuation | Blume Ventures , Tiger Global Management | |
| Feb, 2022 | Amount | Angel Round - Vecmocon | Valuation | Sachin Shridhar |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Vecmocon
Vecmocon has secured backing from 29 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, FITT and British International Investment. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Seed and early-stage investments are made across sectors in India.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Startups are supported through sector-agnostic incubation, training, and mentorship.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Vecmocon
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Vecmocon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Vecmocon Comparisons
Competitors of Vecmocon
Vecmocon 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 Eatron, Ion Energy Labs, Electra Vehicles, Williams Advanced Engineering and Breathe Battery Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-enabled battery management and motion control systems are developed.
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| domain | founded_year | HQ Location |
Battery intelligence platform for utility-scale energy storage systems is developed.
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| domain | founded_year | HQ Location |
Battery management systems for electric vehicles are developed and provided.
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| domain | founded_year | HQ Location |
Battery management systems for electric vehicles are provided.
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| domain | founded_year | HQ Location |
Physics-based battery management software is developed for batteries.
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| domain | founded_year | HQ Location |
Battery management systems are developed for modular lithium battery packs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Vecmocon
Frequently Asked Questions about Vecmocon
When was Vecmocon founded?
Vecmocon was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Vecmocon located?
Vecmocon is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Who is the current CEO of Vecmocon?
Peeyush Asati is the current CEO of Vecmocon. They have also founded this company.
Is Vecmocon a funded company?
Vecmocon is a funded company, having raised a total of $23.71M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $100.24K, raised on Jun 01, 2019.
How many employees does Vecmocon have?
As of Mar 29, 2024, the latest employee count at Vecmocon is 74.
What is the annual revenue of Vecmocon?
Annual revenue of Vecmocon is $604.26K as on Mar 31, 2023.
What does Vecmocon do?
Vecmocon was founded in 2016 and is based in Noida, India. Components for electric vehicle ecosystems are developed and supplied, focusing on two- and three-wheel applications. Battery management systems for swappable or fixed packs are included, along with vehicle intelligence modules, chargers, instrument clusters, and motor controllers featuring field-oriented control algorithms. Operations center on engineering core hardware for mobility solutions.
Who are the top competitors of Vecmocon?
Vecmocon's top competitors include Eatron, Breathe Battery Technologies and Brill Power.
What products or services does Vecmocon offer?
Vecmocon offers Battery Management System, Charger, EV Cluster, Vehicle Intelligence Module, and Motor Controller.
Who are Vecmocon's investors?
Vecmocon has 29 investors. Key investors include Angel List, FITT, British International Investment, Tessellate Ventures, and Blume Ventures.
What is Vecmocon's valuation?
The valuation of Vecmocon is $57.13M as of Nov 2024.