Nikhil Kamath and Abhijeet Pai's Gruhas have invested $3 million in IPEC, an EV charging firm.
According to a press statement from IPEC, the money will be utilized to further its goal of solidifying its position as a leader in the EV charging industry and boosting expansion in the larger power electronics field.
With Zohra Khan serving as its CEO, IPEC was established in 2017 by the MEHER Group in collaboration with DEKI Electronics and Sungho Electronics. The platform provides a variety of EV charging solutions, such as vehicle charging outlets, EV connectors, and home, portable, and public chargers. These items are completely compliant with the most recent localization laws, such as the PM E-Drive and PLI Scheme, as well as a number of national and international standards.
In addition to hardware, IPEC provides Cloud-based Charging Management Systems (CMS) and an intuitive mobile app for insights and real-time control. Leading EV OEMs like Ather Energy, Bajaj Auto, Greaves (Ampere), and others have authorized IPEC as a supplier.
“IPEC is fast emerging as a changemaker in India’s EV charging ecosystem. As the country accelerates toward an electric future, reliable and scalable charging infrastructure built on quality components, sub-assemblies, and smart chargers becomes mission-critical. Together, Zohra and IPEC have led the way in this space. By already serving four of India’s top OEMs, they’ve set benchmarks in manufacturing chargers, especially for the two-wheeler segment. Their deep ecosystem understanding and technical capabilities position them to expand beyond two-wheelers, into broader applications” said Abhijeet Pai, Co-Founder of Gruhas.
