9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
Nikhil Kamath Bets Big on EV Future with $3M Investment in Charging Startup IPEC In a major boost to India’s EV infrastructure game, Bengaluru-based startup IPEC has just
In a major boost to India’s EV infrastructure game, Bengaluru-based startup IPEC has just landed a $3 million investment from Gruhas, the investment firm co-founded by Nikhil Kamath (of Zerodha fame) and Abhijeet Pai.
The deal has sent ripples across the clean tech space — and for good reason. IPEC isn’t your average startup. They’re already a key supplier to India’s top electric vehicle manufacturers, and with this fresh funding, they’re gearing up for something massive.
India is racing toward an all-electric future, and the biggest roadblock isn’t EVs — it’s charging infrastructure. That’s where IPEC steps in.
Founded in 2017, IPEC designs and manufactures cutting-edge EV charging products, including:
And they’re not just building chargers — they’ve developed a cloud-based Charging Management System and a mobile app that gives users real-time control over their EV charging experience.
Their products are already compliant with PM E-Drive standards and the PLI scheme, putting them in a strong position to ride the EV policy wave.
Here’s what makes IPEC stand out: they’ve already delivered over 1 million charging products to India’s leading EV brands. That’s not a startup “testing the waters” — that’s a company already swimming with the big sharks.
Their client list includes:
Being a trusted supplier to major EV OEMs means they’re not just building for the future — they’re already powering the present.
Now that the funding is in, IPEC has its eyes on one goal: scaling hard and fast.
The startup plans to expand manufacturing capacity to 50,000 units per month, setting the stage to meet growing demand across India.
This means more charging stations, faster EV adoption, and an even stronger grip on the market. It’s the kind of scale-up that turns startups into category leaders — and Kamath clearly sees the potential.
This isn’t just a financial move — it’s a strategic one. Nikhil Kamath has consistently invested in future-facing sectors, and EV infrastructure is one of the most critical pillars of India’s energy transition.
Through Gruhas, Kamath and Pai are backing IPEC not just as a business, but as a building block in India’s green future.
With the government offering massive support through subsidies and EV-focused policies, startups like IPEC are well-positioned to ride the wave — if they can scale fast enough. And this $3 million injection is just what they need to do that.
IPEC is backed by three major names in electronics manufacturing:
This joint venture structure gives IPEC access to deep manufacturing know-how, a strong supply chain, and the ability to ramp up production at speed — a major advantage in a market where speed equals survival.
With fresh funding, top-tier clients, and a scalable product line, IPEC is gearing up to:
If executed well, this could be the start of India’s first homegrown EV charging giant.
IPEC isn’t just building chargers. It’s building the invisible backbone of India’s electric future — and now, it has the funding, partners, and leadership to take that vision nationwide.
Nikhil Kamath’s $3 million investment could be the spark that turns IPEC into a game-changer in the EV space.
Everyone’s chasing electric. IPEC is powering it.
