Mobile EV Charging Startup Mobec Innovations Raises $1 M In Seed Round – EQ Mag
The company plans to launch services within Q1 of FY 23-24
Mooting the idea of providing mobile-tech charging for passenger electric vehicles, anytime and anywhere, Mobec Innovation, a full-stack M-CAAS (Mobile-Charging as a Service) green company, has raised USD 1 million during its ongoing seed fundraise mission.
The bulk of the investment has come from Singapore-based Purple Stone Consulting which has shown confidence in Mobec’s idea for innovative and technologically-led solutions for the fast-emerging EV sector demand by funding in the seed round.
By 2030, NITI Aayog expects to reach 70 per cent EV market penetration for all commercial vehicles, 30 per cent for private cars, 40 per cent for buses, and 80 per cent for two and three-wheelers. The startup aims to dovetail with the expanding electric mobility ecosystem, complementing the latent need to have quick access to EV charging on the go by removing EV recharge concerns by providing mobile charging solution.
Mobec Innovations’ Founder and CEO, Harry Bajaj said, “It has been encouraging to begin our first seed fund raise and have affirmation coming from Purple Stone Consulting. Bringing value to the larger EV ecosystem with consistent R&D, thereby benefitting the end-user, is one of our core objectives, and we look forward to having our services hitting the roads soon”.
Mobec has been working extensively to support all-device charging solutions parallel to the electric vehicles, making the proposition even more attractive for end-users.
Source: bwdisrupt
