Vecmocon To Raise $8.7 Mn From Aavishkaar Capital, Others

Vecmocon Attracts Fresh Capital Amid Shift Toward Core EV Tech Solutions

Vecmocon to Raise $8.7 Mn Led by Aavishkaar Capital Amid Strategic Shift in EV Sector EV Intelligence Startup… The post Vecmocon Attracts Fresh Capital Amid Shift Toward Core EV Tech Solutions appeared first on IMP.NEWS.

Vecmocon To Raise $8.7 Mn From Aavishkaar Capital, Others

EV intelligence startup Vecmocon Technologies is set to raise INR 74 Cr (around $8.7 Mn) in a funding round led by Aavishkaar Capital and existing backers Ecosystem Integrity Fund (EIF) and Blume Ventures. The round includes both primary and secondary deals. In the primary round, Vecmocon will raise INR 50.4 Cr by issuing new shares, according to its regulatory filings. While EIF is infusing INR 21 Cr, Aavishkaar will be investing the rest. On t…