EV Charging Startup IPEC Nets $3 Mn From Nikhil Kamath’s Gruhas

IPEC, an electric vehicle (EV) charging solutions provider, has secured $3 million in funding from Gruhas, a venture capital firm. This investment will be utilized by IPEC to expand its network of EV charging infrastructure across India and further develop its technology platform. The funding reflects the growing investor confidence in the EV sector and the increasing demand for robust charging infrastructure to support the adoption of electric vehicles. IPEC aims to leverage this capital to accelerate the deployment of its charging solutions, contributing to the growth of the EV ecosystem and facilitating the transition to sustainable mobility in the country.