Mobec Innovation Raises Usd 1 Million In Seed Funding For Mobile Ev Charging Solution

Mobec Innovation, a green company that offers Mobile-Charging as a Service (M-CAAS) for electric vehicles (EVs), has secured USD 1 million in its seed fundraising round. The bulk of the investment came from Purple Stone Consulting, a Singapore-based firm that believes in the innovative and technologically-driven solutions of Mobec to address the growing demand for EV charging solutions. Mobec aims to address the latent need for quick access to EV charging on the go by removing EV recharge concerns through its mobile charging solution.

By 2030, NITI Aayog predicts that 70% of commercial vehicles, 30% of private cars, 40% of buses, and 80% of two and three-wheelers in India will be EVs. Mobec’s goal is to complement this expanding electric mobility ecosystem by providing a mobile-charging solution.

Mobec has been actively developing all-device charging solutions, making their proposition even more attractive for end-users. Harry Bajaj, Mobec Innovations’ Founder and CEO, expressed his excitement about the seed funding, stating that the affirmation coming from Purple Stone Consulting was encouraging. He added that Mobec’s core objective is to bring value to the larger EV ecosystem with consistent R&D to benefit the end-user, and they look forward to having their services on the roads soon.

The company’s M-CAAS services will offer EV charging anytime and anywhere, providing an innovative and accessible solution for the fast-emerging EV sector.