Indian EV charging startup chargeMOD raises ₹25 million pre-seed
chargeMOD, an Indian EV charging solutions startup, secured ₹25 million (approximately $301,291) in a pre-seed round led by Phoenix Angels. The funding supports product development in India's EV charging sector, reflecting growing investor appetite for domestic clean-mobility infrastructure.
Indian startup chargeMOD, which specialises in electric-vehicle charging solutions, raised ₹25 million (approximately $301,291) in a pre-seed round led by Phoenix Angels. The funds will accelerate product development and enhance services in India's EV sector. The company currently manages a portfolio of over 2,000 EV chargers serving residential and commercial needs and has built a mobile application for locating nearby charging stations. Its objective is to expand its presence by offering convenient, dependable charging solutions for EV owners on the move.
Indian utilities, public-sector entities, and EV owners are directly affected, as chargeMOD already serves clients including the Kerala State Electricity Board, Larsen & Toubro, Murugappa Group, and Kochi Metro Rail Limited. Phoenix Angels, the lead investor, is a nonprofit connecting entrepreneurs with diverse investors. The startup's expansion adds charging capacity for both residential and commercial users, supporting the practical rollout of electric mobility across Indian states where public and private fleet operators are scaling EV adoption.
EV owners and fleet operators should monitor chargeMOD's network expansion and the rollout of its station-locator application as it deploys the new capital. Investors and policymakers tracking India's charging infrastructure can watch for service enhancements following this pre-seed round. Companies evaluating EV transitions should assess the availability of charging partners with established portfolios, as chargeMOD's existing base of over 2,000 chargers and named institutional clients indicates a scaling provider in the domestic market.
Key figure — Funding raised: ₹25 million (approximately $301,291) pre-seed round
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