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 help TEC accelerate its mission of revolutionizing 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 tailored for electric two-wheelers, three-wheelers, and commercial EVs. With this funding, the company aims to expand its product offerings, strengthen its research & development efforts, and enhance its market presence.
What is The Energy Company Funding?
The Energy Company Funding refers to the latest $2 million investment secured by TEC to scale its operations, innovate in battery intelligence, and develop advanced fast-charging solutions for EVs. This funding round marks a significant step toward strengthening battery efficiency, affordability, and sustainability in India’s EV ecosystem.
Why is The Energy Company Funding Important?
TEC’s funding is crucial for multiple reasons:
- Advancing Battery Intelligence – The company is developing its Flexi battery intelligence platform to optimize battery performance, lifespan, and financing for commercial EV fleets.
- Fast-Charging Battery Development – TEC is working on FlexiPack, a new fast-charging battery line designed specifically for electric two-wheelers and e-rickshaws.
- Enhancing EV Infrastructure – With rising EV adoption in India, TEC aims to provide sustainable and cost-effective battery solutions that address key challenges such as charging time, durability, and affordability.
- Expanding Market Reach – The funding will allow TEC to scale operations, enter new markets, and strengthen its customer base.
- Sustainability & Clean Energy Focus – By improving battery performance and reducing reliance on traditional fuel-based transportation, TEC contributes to a greener and more sustainable future.
How Will the Funds Be Used?
TEC plans to strategically utilize the funding across four key areas. First, it will enhance its Flexi battery intelligence platform to provide real-time analytics and improve battery lifecycle management. Second, the company aims to advance FlexiPack fast-charging batteries, ensuring quicker charging and greater efficiency for electric two-wheelers and three-wheelers. Third, TEC will focus on market expansion and customer acquisition, strengthening its presence in existing markets while entering new ones to support more commercial EV users. Lastly, the company will invest in team growth and innovation, hiring top talent in battery technology, AI-driven analytics, and operations to drive product development and technological advancements.
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Founders’ Perspective on The Energy Company Funding
TEC’s co-founders, Rahul Lamba and Prashant Rathee, view this funding as a pivotal step toward advancing battery technology for India’s rapidly growing EV market. Rahul Lamba, Co-founder of TEC, emphasized their mission to make electric mobility seamless, efficient, and affordable for businesses, stating that this investment will help push the boundaries of battery intelligence and fast-charging technology. Prashant Rathee, Co-founder of TEC, highlighted how Flexi and FlexiPack are addressing critical pain points in commercial EV adoption, adding that this funding round validates their vision and accelerates efforts to reshape the future of EV battery solutions.
Key Takeaways from The Energy Company Funding
- Investment Amount: $2 million secured in pre-Series A funding.
- Lead Investors: Siana Capital, Callapina Capital, Z21 Ventures, 1Crowd, and LetsVenture.
- Technology Focus: Battery intelligence (Flexi) and fast-charging battery solutions (FlexiPack).
- Target Market: Commercial EV fleets, electric two-wheelers, and e-rickshaws.
- Strategic Goals: Improving battery efficiency, expanding market reach, and driving sustainability in EV mobility.
Conclusion
The Energy Company’s latest funding round marks a significant milestone in India’s EV battery ecosystem. With the rapid adoption of electric mobility, TEC’s innovative battery intelligence platform and fast-charging solutions will play a pivotal role in ensuring longer battery life, reduced charging time, and greater affordability. This investment strengthens TEC’s position as a key player in the EV energy sector, bringing India one step closer to a cleaner, more sustainable transportation future.
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