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Vecmocon - About the company

Vecmocon is a series A company based in Noida (India), founded in 2016 by Akash Bansal, Peeyush Asati, Adarshkumar Balaraman, Shivam Wankhede and Nikesh Bisht. It operates as a Manufacturer of battery management systems and electric vehicle control components. Vecmocon has raised $24M in funding from investors like Tiger Global Management, Blume Venture and Tessellate Ventures, with a current valuation of $*****. The company has 253 active competitors, including 53 funded and 24 that have exited. Its top competitors include companies like Emo Energy, Twaice and Qnovo.

Company Details

Manufacturer of battery management systems and electric vehicle control components. Products include hardware for monitoring battery health, managing charging processes, and controlling motor performance. The technology facilitates communication between vehicle sub-systems to regulate power distribution and energy efficiency. These components support the operation of electric two-wheelers and three-wheelers by providing data for range estimation and maintenance monitoring. The hardware integrates with software applications to allow for real-time status tracking and diagnostic analysis of vehicle performance.
Social
XFacebook
Email ID
*****@vecmocon.com
Phone Number
+91 **********
Registered Address
B-1/E-9, Basement, Mohan, Cooperative Industrial Estate, Badarpur (South Delhi), South Delhi, New Delhi, Delhi, India, 110044
Key Metrics
Founded Year
2016
Location
Noida, India
Stage
Series A
Total Funding
$24M in 5 rounds
Latest Funding Round
Post Money Valuation
$***** as on May 27, 2025
Ranked
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
277 as on May 31, 2026
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Vecmocon's funding and investors

Vecmocon has raised a total funding of $24M over 5 rounds. Its latest funding round was a Series A round on Nov 14, 2024 for $*****. 4 investors participated in its latest round. Vecmocon has 10 institutional investors and 22 angel investors.

Here is the list of recent funding rounds of Vecmocon:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Nov 14, 2024
3189765
Series A
9562285
3256942
6506869
2420849
Sep 29, 2022
1786478
Seed
8864507
9201049
6139782
Feb 05, 2022
2291023
Angel
3832389
3744394
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Vecmocon's founders and board of directors

Founder? Claim Profile
The founders of Vecmocon are Akash Bansal, Peeyush Asati, Adarshkumar Balaraman, Shivam Wankhede and Nikesh Bisht. Peeyush Asati is the CEO of Vecmocon.
Here are the details of Vecmocon's key team members:

Vecmocon's Board of Directors

Vecmocon's board has 3 active members. Peeyush Asati, Adarshkumar Balaraman and Shivam Wankhede are part of team.
Here is the list of Vecmocon's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
10y 0m
Team
-
Current
10y 0m
aachkjl
Team
-
Past
8y 6m

Vecmocon's employee count trend

Vecmocon has 277 employees as of May 26. The total employee count is 14.0% more than what it was in May 25. Here is Vecmocon's employee count trend over the years:
Employee count trend for Vecmocon
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Vecmocon's Competitors and alternates

Top competitors of Vecmocon include Emo Energy, Twaice and Qnovo. Here is the list of Top 10 competitors of Vecmocon, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Emo Energy
Emo Energy
2022, Bengaluru (India), Series A
Provider of energy management systems integrating battery technology and charging hardware
$14.1M
67/100
2nd
Logo for Twaice
Twaice
2018, Munich (Germany), Series B
Developer of battery energy storage analytics software for asset management
$71.5M
62/100
3rd
Logo for Qnovo
Qnovo
2009, Milpitas (United States), Series C
Battery management software for the e-mobility sector
$40M
61/100
4th
Physics-based battery management software
$31M
60/100
5th
Logo for Bacancy Systems
Bacancy Systems
2021, Ahmedabad (India), Series A
Embedded engineering and manufacturing solutions for IoT, healthcare, and e-mobility industries
$4.22M
59/100
6th
Logo for Brill Power
Brill Power
2015, Oxford (United Kingdom), Acquired
BMS for utilizing multiple types of lithium batteries to develop battery packs
$16.4M
58/100
7th
Logo for Electra Vehicles
Electra Vehicles
2015, Boston (United States), Acquired
Battery management system for electric vehicles
$24.6M
58/100
8th
Logo for Fazua
Fazua
2011, Munich (Germany), Acquired
Developer of e-bike drive system
$14.5M
57/100
9th
Logo for suena
suena
2021, Hamburg (Germany), Series A
AI and SaaS-based battery optimization and trading platform
$14M
56/100
10th
Logo for Vecmocon
Vecmocon
2016, Noida (India), Series A
Manufacturer of battery management systems and electric vehicle control components
$24M
56/100
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Vecmocon's Latest cap tables and shareholding

Founders own 39.18%, Funds (largest shareholder) own 46.92%, Enterprises own 0.05% and Angels own 2.94%. The net worth of Vecmocon's founders is INR 209Cr as of May 27, 2025.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
39.18%
209Cr
2924839
6346812
3715467
9806739
7585753
9550317
4544341
6663643
1450029
2565067
7449091
5260936
4414851
4458020
4458814
3466044
7049179
4874078
6152843
3916248
2242615
8791113
Fund
46.92%
250Cr
4469786
9531521
6771269
1998102
4718508
9634227
5956114
5865733
5039493
2244575
7059304
2222738
5712734
2607676
7079930
1239158
6988342
9956448
8507059
1789460
9652640
4231060
62
70
89
21
49
20
73
26
86
27
11
98
Enterprise
0.05%
27.1L
0
0
0
0
Angel
2.94%
15.6Cr
69
18
97
27
0
0
0
0
0
0
0
0
0
0
0
0
ESOP Pool
10.90%
58.1Cr
4420096
1919527
7065569
5782008
Total
99.99%
533Cr
6341575
2603724
9259105
2506260
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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of Vecmocon's Shareholding

Vecmocon's Investments and acquisitions

Vecmocon has made no investments or acquisitions yet.

Reports related to Vecmocon

Here is the latest report on Vecmocon's sector:

News related to Vecmocon

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