EVamp Technologies Raises Rs 7 Crore to Scale Charger Manufacturing and Expand Mobilane Network The race to power India’s electric vehicle (EV) revolution just got a major boost.
The race to power India’s electric vehicle (EV) revolution just got a major boost. EVamp Technologies, the company behind the Mobilane EV charging network, has raised Rs 7 crore in its first round of funding.
With this fresh capital, the startup plans to expand its nationwide EV charging infrastructure and ramp up in-house manufacturing of AC chargers and Light Electric Vehicle (LEV) DC chargers.
This move positions EVamp as one of the few Indian players with both manufacturing and operations capabilities, giving it a strong foothold in the growing EV ecosystem.
EVamp Technologies is a new-age EV infrastructure firm that owns and operates the Mobilane charging network, a pan-India platform that offers smart charging solutions.
What makes EVamp stand out is its integrated approach:
In short, EVamp doesn’t just install chargers — it creates an end-to-end ecosystem for EV users and partners.
Speaking about the fundraise, Devansh Shah, Founder of EVamp Technologies Pvt. Ltd., called this a landmark in the company’s journey.
“This funding marks a major milestone in our journey. Since inception, our focus has been on building a high-performance, future-ready EV charging network. We have developed deep capabilities in charger technology and operations, and with this investment, we are well-positioned to rapidly scale manufacturing for AC and LEV DC chargers and lay the foundation for a sustainable EV infrastructure across the country,” Shah said.
This reflects EVamp’s long-term vision — not just adding more chargers, but making India’s EV infrastructure reliable, efficient, and sustainable.
EVamp’s story is different from most startups. While many companies bleed money before scaling, EVamp has already achieved profit after tax (PAT) positivity.
Co-founder Gunjan Mehta highlighted this rare achievement:
“EVamp is built on strong fundamentals of technological innovation, operational efficiency, and financial sustainability. We are proud to be the only Charge Point Operator (CPO) in India to achieve PAT positivity even before raising external capital. This speaks to the strength of our robust business model and disciplined approach.”
This means EVamp didn’t depend on external funding to stay alive. Instead, it proved its business model works profitably — a big plus for investors and partners.
For EVamp, this funding round is not just about growth. It’s about creating a sustainable EV ecosystem that can deliver long-term value.
Mehta added:
“As we expand and start manufacturing at scale, we remain committed to creating a sustainable ecosystem that delivers long-term value to our users, partners, and investors, while supporting India’s clean mobility mission.”
This aligns with India’s ambitious push toward green mobility and reducing dependence on fossil fuels.
India’s EV market is growing at an unprecedented pace, but one of its biggest hurdles remains charging infrastructure. While carmakers are introducing new EV models, adoption heavily depends on how convenient and accessible charging becomes.
EVamp is solving this challenge by:
By focusing on both technology and operations, EVamp is helping close the infrastructure gap — a key step for mass EV adoption in India.
With Rs 7 crore now in the bank, EVamp’s roadmap looks promising. The company is expected to:
Given its early profitability and integrated business model, EVamp is not just another startup chasing growth at all costs — it is building a long-lasting EV infrastructure backbone for India.
EVamp Technologies’ Rs 7 crore fundraise is more than just a business milestone. It represents a shift in India’s EV ecosystem, where companies are moving beyond pilot projects to scalable, profitable models.
As EVamp scales its Mobilane network and charger manufacturing, it could play a pivotal role in making EV adoption smoother, faster, and more reliable for millions of Indians.
