EVamp Technologies, the force behind the rapidly expanding Mobilane electric vehicle charging network, has successfully secured ₹7 crore in its initial funding round. This capital injection will be strategically deployed to bolster the company’s nationwide EV charging infrastructure and to invest significantly in the in-house production of both AC chargers and Light Electric Vehicle (LEV) DC chargers.
As a leading Charge Point Operator (CPO), EVamp has cemented its position by providing dependable and intelligent charging solutions throughout urban centers, major highways, and various commercial properties under the Mobilane brand. With this fresh funding, EVamp is poised to broaden its market footprint, enrich its product offerings, and actively contribute to India’s transition towards environmentally friendly transportation.
Devansh Shah, Founder of EVamp Technologies Pvt. Ltd., stated, “This funding represents a pivotal milestone in our company’s evolution. From the outset, our focus has been on developing a robust, future-proof EV charging network. We have cultivated substantial expertise in charger technology and operational aspects, and this investment enables us to swiftly scale up manufacturing for AC and LEV DC chargers while establishing a foundation for a sustainable EV infrastructure throughout the country.”
Gunjan Mehta, Co-founder of EVamp Technologies, added, “EVamp is built upon solid foundations of technological innovation, operational excellence, and financial sustainability. We take pride in being the only Charge Point Operator (CPO) in India to have achieved PAT (Profit After Tax) positivity prior to securing external funding. This underscores the resilience of our business model and our commitment to disciplined practices. As we grow and commence manufacturing at scale, we are dedicated to fostering a sustainable ecosystem that generates lasting value for our users, partners, and investors, all while supporting India’s clean mobility goals.”
The Mobilane network by EVamp has already established a notable presence in key metropolitan and highway locations, delivering user-friendly charging solutions integrated with a mobile app. This new funding will empower EVamp to expedite its deployment efforts, improve user experiences, and accelerate domestic manufacturing within the EV sector.
About EVamp Technologies: EVamp Technologies is a contemporary EV infrastructure company that owns and manages the Mobilane network, a nationwide EV charging platform that offers dependable, scalable, and intelligent charging options. The company specializes in the design and production of AC and LEV DC chargers, delivering comprehensive hardware and software solutions for EV charging across urban, residential, and highway environments.
