The Energy Company (TEC), a Bengaluru-based full-stack electric vehicle (EV) battery solutions provider, has successfully raised $2 million in a pre-Series A funding round. The investment was led by Siana Capital, Calla Pina Capital, Z21 Ventures, 1Crowd, and Lets Venture, among others. This funding will support TEC in accelerating its mission to revolutionize battery intelligence and energy storage solutions for commercial EV fleets.
Founded in 2021 by Rahul Lamba and Prashant Rathee, TEC specializes in advanced battery intelligence and fast-charging solutions designed for electric two-wheelers, three-wheelers, and commercial EVs. With this investment, the company plans to expand its product range, enhance research and development efforts, and strengthen its presence in the market.
Significance of TEC’s Funding
The recent funding holds great importance for several reasons:
- Advancing Battery Intelligence – The company is enhancing its Flexi battery intelligence platform to optimize battery performance, extend lifespan, and improve financing options for commercial EV fleets.
- Fast-Charging Battery Development – TEC is working on FlexiPack, a new fast-charging battery line specifically designed for electric two-wheelers and e-rickshaws.
- Enhancing EV Infrastructure – With the increasing adoption of EVs in India, TEC aims to deliver cost-effective and sustainable battery solutions that address challenges like charging time, durability, and affordability.
- Expanding Market Reach – The funding will enable TEC to scale operations, explore new markets, and expand its customer base.
- Sustainability & Clean Energy Focus – By enhancing battery efficiency and reducing dependence on fuel-based transportation, TEC contributes to a more sustainable future.
Strategic Utilization of Funds
TEC plans to allocate the funding across four primary areas:
- Enhancing the Flexi Battery Intelligence Platform – The company will improve real-time analytics and battery lifecycle management.
- Advancing FlexiPack Fast-Charging Batteries – The goal is to ensure faster charging and increased efficiency for electric two-wheelers and three-wheelers.
- Market Expansion and Customer Acquisition – TEC aims to strengthen its presence in current markets while entering new ones to cater to a larger commercial EV user base.
- Investing in Team Growth and Innovation – Hiring top talent in battery technology, AI-driven analytics, and operations to drive product development and technological advancements.
TEC’s latest funding round marks a significant step in India’s EV battery ecosystem. As electric mobility continues to grow, TEC’s battery intelligence platform and fast-charging solutions will play a vital role in improving battery longevity, reducing charging time, and making EVs more affordable. This investment further cements TEC’s position as a key player in the EV energy sector, bringing India closer to a cleaner, more sustainable transportation future.
Join TEC in transforming EV battery technology and moving towards smart, fast, and sustainable solutions.
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