The Energy Company Secures $2 Million in Pre-Series A Funding
POWER & RENEWABLE ENERGY

The Energy Company Secures $2 Million in Pre-Series A Funding

Bengaluru-based EV battery solutions provider, The Energy Company, has raised $2 million in a pre-Series A funding round, led by Siana Capital, Callapina Capital, Z21 Ventures, 1Crowd, Lets Venture, and other investors. The company had previously raised $600,000 in a pre-seed round. 

The fresh funds will be used to expand Flexi, its full-stack battery intelligence platform, which helps commercial EV fleets improve battery lifespan and financing. The company also plans to scale up FlexiPack for electric two-wheelers and e-rickshaws while expanding into small and medium-sized energy storage systems. 

The Energy Company provides batteries with fast-charging capabilities, compatibility with public chargers, a lifespan of up to 2,500 cycles, and second-life readiness. 

According to Mercom Capital Group’s 2024 Annual and Q4 Funding Report, corporate funding for energy storage companies grew to $19.9 billion across 116 deals in 2024, up from $19 billion in 120 deals in 2023. Several EV battery firms in India have secured funding recently, driven by strong growth in the sector. 

EV sales in India hit a record 1.95 million units in 2024, marking a 27% year-over-year increase from 1.53 million units in 2023, according to the Ministry of Road Transport and Highways' Vahan Dashboard. EVs accounted for 3.6% of total automobile sales. 

A BloombergNEF (BNEF) report noted that EV battery prices fell below $100/kWh for the first time in 2024, averaging $97/kWh. While EVs have reached price parity with combustion vehicles in China, they remain costlier in other markets. BNEF expects more vehicle segments to achieve price parity globally as lower-cost batteries become widely available. 

Another BNEF report highlighted a 14% drop in lithium-ion battery pack prices in 2023, reaching a record low of $139/kWh, driven by declining raw material and component costs. 

(mercom)  

Bengaluru-based EV battery solutions provider, The Energy Company, has raised $2 million in a pre-Series A funding round, led by Siana Capital, Callapina Capital, Z21 Ventures, 1Crowd, Lets Venture, and other investors. The company had previously raised $600,000 in a pre-seed round. The fresh funds will be used to expand Flexi, its full-stack battery intelligence platform, which helps commercial EV fleets improve battery lifespan and financing. The company also plans to scale up FlexiPack for electric two-wheelers and e-rickshaws while expanding into small and medium-sized energy storage systems. The Energy Company provides batteries with fast-charging capabilities, compatibility with public chargers, a lifespan of up to 2,500 cycles, and second-life readiness. According to Mercom Capital Group’s 2024 Annual and Q4 Funding Report, corporate funding for energy storage companies grew to $19.9 billion across 116 deals in 2024, up from $19 billion in 120 deals in 2023. Several EV battery firms in India have secured funding recently, driven by strong growth in the sector. EV sales in India hit a record 1.95 million units in 2024, marking a 27% year-over-year increase from 1.53 million units in 2023, according to the Ministry of Road Transport and Highways' Vahan Dashboard. EVs accounted for 3.6% of total automobile sales. A BloombergNEF (BNEF) report noted that EV battery prices fell below $100/kWh for the first time in 2024, averaging $97/kWh. While EVs have reached price parity with combustion vehicles in China, they remain costlier in other markets. BNEF expects more vehicle segments to achieve price parity globally as lower-cost batteries become widely available. Another BNEF report highlighted a 14% drop in lithium-ion battery pack prices in 2023, reaching a record low of $139/kWh, driven by declining raw material and component costs. (mercom)  

Next Story
Real Estate

Kolkata’s luxury housing market sees price growth amid mixed trends

A new study by Nklusive reveals that Kolkata’s luxury residential market (Rs 5–10 crore) recorded a 33 per cent year-on-year rise in supply and a 52 per cent increase in sales in calendar year 2024 (CY24). South Kolkata led with 78 per cent of the segment’s supply. The average price rose by 6 per cent—from Rs 17,519 to Rs 18,600 per sq ft—while unsold inventory grew by 15 per cent. Monthly absorption improved from 2 to 3 units.In contrast, the ultra-luxury segment (Rs 10 crore and above) experienced a 17 per cent decline in supply and a 30 per cent fall in sales. Central Kolkata acco..

Next Story
Infrastructure Transport

New Expressway to Cut Pune-Bengaluru Travel Time by Half

The upcoming Pune-Bengaluru Expressway is expected to significantly improve connectivity and economic opportunities across Maharashtra and Karnataka. This 700-kilometre greenfield, access-controlled highway will cut the travel time between Pune and Bengaluru from 15 hours to just 7 hours, facilitating easier movement for both commuters and businesses. Starting from Bommanal in Karnataka’s Athani Taluk, the expressway will traverse important districts such as Belagavi, Bagalkot, and Jamakhandi. It will then enter Maharashtra at Kanjle, connect with the proposed Pune Ring Road, and pass throug..

Next Story
Infrastructure Transport

Nagpur’s Koradi Naka to Get Y-Shaped Flyover for Safer, Smoother Traffic

To alleviate traffic congestion and enhance safety at Koradi Naka in Nagpur, a Y-shaped flyover is currently being constructed on National Highway 47. Demolition work has already commenced, with the main construction scheduled to start on June 20, 2025.The project, costing Rs 430.37 billion, involves building a 1,090-meter-long flyover that will connect Farsa, the Mahadula Railway Overbridge (ROB), and Bokhara Road, and will also feature an underpass. The existing structure will be repurposed into a service road to facilitate local traffic.Koradi Naka has been identified as a significant "blac..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?