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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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.
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.
People of Vecmocon
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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.
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.
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Seed and early-stage investments are made across sectors in India.
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Venture and private equity investments are managed with global diversification.
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Startups are supported through sector-agnostic incubation, training, and mentorship.
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Investor details for Vecmocon
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Investments & Acquisitions by Vecmocon
Investment portfolio details for Vecmocon
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Financial Statements - Vecmocon
Detailed financials for Vecmocon
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Vecmocon Comparisons
Peer comparison for Vecmocon
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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.
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AI-enabled battery management and motion control systems are developed.
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Battery intelligence platform for utility-scale energy storage systems is developed.
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Battery management systems for electric vehicles are developed and provided.
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Battery management systems for electric vehicles are provided.
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Physics-based battery management software is developed for batteries.
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Battery management systems are developed for modular lithium battery packs.
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Detailed competitors of Vecmocon
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Latest news on Vecmocon
Complete news archive for Vecmocon
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Frequently Asked Questions about Vecmocon
Vecmocon was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Vecmocon is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Peeyush Asati is the current CEO of Vecmocon. They have also founded this company.
Vecmocon is a funded company, having raised a total of $23.71M across 4 funding rounds to date.
As of Mar 29, 2024, the latest employee count at Vecmocon is 74.
Annual revenue of Vecmocon is $604.26K as on Mar 31, 2023.
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.
Vecmocon's top competitors include Eatron, Breathe Battery Technologies and Brill Power.
Vecmocon offers Battery Management System, Charger, EV Cluster, Vehicle Intelligence Module, and Motor Controller.
Vecmocon has 29 investors. Key investors include Angel List, FITT, British International Investment, Tessellate Ventures, and Blume Ventures.
The valuation of Vecmocon is $57.13M as of Nov 2024.