IPEC India Secures ₹3M Funding to Accelerate E-Mobility Charging Innovations

IPEC India Private Limited is excited to announce a significant funding milestone as it successfully raised INR 3,000,000 in its latest funding round. Founded in 2017 as a joint venture between Meher Group, Deki Electronics, and Sungho Electronics, IPEC India has steadily positioned itself as an innovative leader in the development of power electronic products with a keen focus on the rapidly growing E-Mobility sector. With its cutting-edge research and development facilities and state-of-the-art manufacturing unit based in Bangalore, the company is committed to transforming the landscape for electric vehicle (EV) charging solutions. The substantial funding raised will be strategically invested in scaling up both its product development and manufacturing capabilities, ensuring that IPEC India continues to deliver state-of-the-art, high-efficiency charging solutions. The injection of capital is expected to further strengthen the company’s capacity to design, develop, and manufacture a diverse range of EV chargers that cater to various market segments—from private and portable chargers to public, robust infrastructures complete with advanced communication, user interface, billing, and payment solutions. This funding milestone is not only a testament to IPEC India’s robust business model and innovation-driven strategy but also a clear endorsement from investors on the company’s vision and potential in powering the future of mobility. As IPEC India gears up to scale its operations and broaden its market reach, it remains steadfast in its mission to catalyze sustainable mobility and redefine the way power solutions energize electric vehicles across the nation. This pivotal stage in the company’s journey marks a robust step forward in solidifying its leadership in the power electronics arena while championing a sustainable, technology-driven future.