When was IPEC founded?

IPEC was founded in 2017 and raised its 1st funding round 8 years after it was founded.

Where is IPEC located?

IPEC is headquartered in Bengaluru, India. It is registered at 132, Somdutt Chambers-I, Bhikaji Cama Place, South West Delhi, New Delhi, Delhi, India, 110066.

Which legal entities is IPEC associated with?

IPEC is associated with IPEC INDIA PRIVATE LIMITED and 1 other.

How many employees does IPEC have?

As of May 31, 2026, IPEC has 106 employees, reflecting a 50% year-over-year growth in headcount.

Is IPEC a funded company?

IPEC is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Mar 28, 2025.

How much is IPEC worth?

The latest valuation of IPEC is ₹***** as of Aug 29, 2025.

When was the latest funding round of IPEC?

IPEC's latest funding was a $***** Series A round on Mar 28, 2025, with participation from 1 investor. Its primary sector is Energy Storage Tech. In India, the Energy Storage Tech sector has seen $343M in funding in 2026 to date.

What is the annual revenue of IPEC?

Annual revenue of IPEC is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does IPEC rank among its competitors?

IPEC ranks 65th amongst 1581 active competitors, of which 169 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Wallbox, which secured $13.5M in Jul, 2026.

Who are the top competitors of IPEC?

IPEC's top competitors include Wallbox, SPAN and CTEK. Among them, Wallbox secured the most recent funding round in July, 2026.

IPEC - 2026 Company Profile, Team, Funding, Competitors & Financials

IPEC is a series A company based in Bengaluru (India), founded in 2017 by Zohra Fazil Khan. It operates as a Manufacturer of power conversion products and solutions for electric mobility. IPEC has raised $3M in funding, with a current valuation of ₹*****. The company has 1581 active competitors, including 169 funded and 101 that have exited. Its top competitors include companies like Wallbox, SPAN and CTEK.

Company Details

Manufacturer of power conversion products and solutions for electric mobility. Designs, develops and manufactures a range of chargers for electric vehicles. Offerings include private, portable and public chargers that can be provided with communication, user interface, billing and payment solutions. PF = Yes

Website: i-pec.in
Email ID: *****@i-pec.in
Phone Number: +91 **********
Registered Address: 132, Somdutt Chambers-I, Bhikaji Cama Place, South West Delhi, New Delhi, Delhi, India, 110066

Key Metrics

Founded Year

2017

Location

Bengaluru, India

Stage

Series A

Total Funding

$3M in 1 round

Latest Funding Round

Series A, Mar 28, 2025, $*****

Post Money Valuation

₹***** as on Aug 29, 2025

Investors

Gruhas

Ranked

65^th among 1581 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

106 as on May 31, 2026

Similar Companies

Wallbox & 1126 more

View IPEC's full profile

IPEC is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
IPEC DRIVE SYSTEMS PRIVATE LIMITED CIN: U31909DL2018PTC341359 , India, Strike off	Oct 30, 2018	0 - ₹10 Cr (As on Mar 31, 2024)	-
IPEC INDIA PRIVATE LIMITED CIN: U31904DL2017PTC325553 , India, Active	Nov 02, 2017	₹100 - ₹500 Cr (As on Mar 31, 2025)	106 (As on May 01, 2026)

IPEC has raised a total funding of $3M over 1 round. Its latest funding round was a Series A round on Mar 28, 2025 for $*****. 1 investor participated in its latest round. IPEC has 1 institutional investor.

Here is the list of recent funding rounds of IPEC:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 28, 2025	4169843	Series A	1983927	9545194	5613420	2169648

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View details of IPEC's funding rounds and investors

The founders of IPEC is Zohra Fazil Khan. Zohra Fazil Khan is the CEO of IPEC.

Here are the details of IPEC's key team members:

Zohra Fazil Khan: Founder & CEO of IPEC. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number

IPEC's Board of Directors

IPEC's board has 3 active members. Zohra Fazil Khan, Vinod Sharma and Sung Jae Park are part of team.

Here is the list of IPEC's board of directors:

Name	Type	Representing	Status	Duration
zhtpzgz	Team	-	Current	4y 8m
usjqaqa	Team	-	Current	9y 9m
kxrmqot	Team	-	Current	6y 4m

View details of IPEC's Founder profiles and Board Members

IPEC's employee count trend

IPEC has 106 employees as of May 26. The total employee count is 49.0% more than what it was in May 25. Here is IPEC's employee count trend over the years:

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Top competitors of IPEC include Wallbox, SPAN and CTEK. Here is the list of Top 10 competitors of IPEC, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Wallbox 2015, Barcelona (Spain), Public	Provider of electric-vehicle charging solutions	$70.2M	WIND Ventures, Cathay Innovation & 18 others	78/100
2nd	SPAN 2014, San Francisco (United States), Series C	Smart energy management technology platform that modernizes residential electrical systems	$419M	Wellington, Fifth Wall & 34 others	73/100
3rd	CTEK 1997, Vikmanshyttan (Sweden), Acquired	Provider of Electric vehicle charging solutions	$123M	Latour, EQT & 1 others	69/100
4th	Energous 2012, San Jose (United States), Public	Provider of RF-based charging solutions	$5.5M	Herald Investment Management, MDB Capital ... & 2 others	66/100
5th	myenergi 2016, Stallingborough (United Kingdom), Series C	Manufacturer of eco-smart home energy management and electric vehicle charging products	$36.8M	Energy Impact Partners, HSBC	65/100
6th	FIMER 1969, Vimercate (Italy), Acquired	Provider of electric-vehicle charging solutions	$43.3M	GENERALFINANCE	64/100
7th	WiTricity 2007, Watertown (United States), Series G	Magnetic resonance-based wireless charging solutions for electric vehicles	$146M	Foxconn Electronics, Future Shape & 19 others	62/100
8th	DG Matrix 2022, Tempe (United States), Series A	Provider of a DC fast charger for electric vehicles	$80M	Clean Energy Ventures, Engine Ventures & 10 others	62/100
9th	ChargeX 2018, Munich (Germany), Series B	Smart power strip to connect multiple electric vehicles to a single charging station	$17.7M	UVC Partners, Hevella Capital & 18 others	60/100
10th	Belectriq 2022, Noida (India), Series A	Provider of sustainable mobility charging solutions	$5.16M	B2V Ventures, Boon Investment & Trading & 7 others	60/100
65th	IPEC 2017, Bengaluru (India), Series A	Manufacturer of power conversion products and solutions for electric mobility	$3M	Gruhas	46/100

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Founders own 3.49%, Funds own 15.00%, Parent Entities (largest shareholder) own 66.29% and ESOP Pool own 15.22%. The net worth of IPEC's founders is INR 5.82Cr as of Aug 29, 2025. The cap table displayed below is for IPEC INDIA PRIVATE LIMITED which is the legal entity associated with IPEC.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	3.49%	5.82Cr	734	319	915	569
Zohra Fazil Khan	160	579	735	867	222	872
Fund	15.00%	25Cr	1619726	9497899	6591108	1124524
Gruhas	1393316	1450682	9619868	4302942	3681113	6191395
Parent Entity	66.29%	110Cr	7157644	1090133	1174323	9386122
ESOP Pool	15.22%	25.4Cr	6940584	7016106	8302534	5165725
Total	100.00%	167Cr	4711581	8765746	2209034	8946338