Blume Ventures
Blume Ventures, established in 2010 and headquartered in Mumbai, is an early-stage venture capital firm that invests in tech-focused and tech-enabled startups across India. They typically provide pre-series A and early-stage funding, often being the first institutional investors, and maintain a collaborative approach by co-investing with like-minded angels and seed funds. Blume Ventures offers follow-on investments to their portfolio companies, with an investment horizon of about 8-10 years. They target a wide range of sectors, including B2B and B2C products and services, financial services, healthcare, and information technology, among others. The firm invests amounts ranging from USD 100,000 to USD 5 million, with a preference for minority stakes. Blume Ventures assists founders at every stage through its full-stack platform approach, providing support in talent acquisition and more.
Top Stages
Past deals in Electric Vehicle
Ati Motors
Series B in 2025
Ati Motors is a manufacturer of all-electric autonomous vehicles designed for industrial applications. The company focuses on creating self-driving electric cargo vehicles that utilize advanced technologies, including light detection and ranging, cameras, and infrared sensors, to navigate complex environments. These vehicles are tailored to automate operations within industrial settings, such as factories and warehouses, enhancing efficiency in material transportation. Ati Motors’ products can easily integrate with existing trolleys and workflows without requiring modifications, thereby providing a seamless solution for indoor and outdoor material movement systems.
Vecmocon Technologies
Series A in 2024
Vecmocon Technologies is a deep-tech company specializing in electric vehicle solutions aimed at enhancing clean mobility. The firm develops and engineers essential components for electric vehicles, including battery management systems, motor controllers, vehicle intelligence modules, and chargers. These patented products are certified by the International Centre for Automotive Technology, ensuring compliance with industry standards and government regulations. By focusing on making electric vehicles smarter, more intelligent, and more connected, Vecmocon Technologies supports EV brands in delivering exceptional and sustainable product experiences to their customers.
ElectricPe
Seed Round in 2024
ElectricPe is an electric vehicle (EV) charging platform based in Bengaluru, Karnataka, India, founded in 2021. The company aims to provide smart, affordable, and clean electric mobility solutions for users across the country. By partnering with thousands of independent charge point operators, ElectricPe ensures that EV users have convenient access to charging stations, alleviating concerns about running out of charge. The platform not only facilitates the locating of charging stations but also offers additional services such as test drives, vehicle purchasing, and a mobile application for account management. Through its comprehensive offerings, ElectricPe is committed to promoting the adoption of electric vehicles and reducing the environmental impact of transportation in India.
Battery Smart
Series B in 2024
Battery Smart is an electric vehicle (EV) battery-swapping network based in Delhi, India, founded in 2019. The company focuses on providing advanced lithium-ion batteries specifically designed for electric two-wheelers and three-wheelers. Its innovative retrofittable 48V lithium-ion twin battery system is compatible with various electric rickshaw and two-wheeler models. Battery Smart's fully interoperable battery-swapping solution allows EV drivers to efficiently swap their batteries in just two minutes, alleviating concerns related to range anxiety, charging downtime, and the recurring costs of battery replacements. By offering a practical and quick solution for battery management, Battery Smart aims to enhance the convenience and accessibility of electric mobility in India.
Euler Motors
Series C in 2024
Euler Motors is an automotive technology startup specializing in commercial electric vehicles, particularly electric three-wheelers designed for intra-city goods transportation. The company aims to accelerate India's transition to sustainable mobility by addressing the challenges of last-mile logistics for e-commerce and third-party logistics providers. By providing a comprehensive "mobility as a service" solution, Euler Motors seeks to facilitate the mass-market adoption of electric vehicles, thereby contributing to the Electric Vehicle Revolution in India. Their vehicles not only promise lower maintenance costs but also help reduce the overall cost of fleet operations for users.
Battery Smart
Series B in 2024
Battery Smart is an electric vehicle (EV) battery-swapping network based in Delhi, India, founded in 2019. The company focuses on providing advanced lithium-ion batteries specifically designed for electric two-wheelers and three-wheelers. Its innovative retrofittable 48V lithium-ion twin battery system is compatible with various electric rickshaw and two-wheeler models. Battery Smart's fully interoperable battery-swapping solution allows EV drivers to efficiently swap their batteries in just two minutes, alleviating concerns related to range anxiety, charging downtime, and the recurring costs of battery replacements. By offering a practical and quick solution for battery management, Battery Smart aims to enhance the convenience and accessibility of electric mobility in India.
Euler Motors
Series C in 2023
Euler Motors is an automotive technology startup specializing in commercial electric vehicles, particularly electric three-wheelers designed for intra-city goods transportation. The company aims to accelerate India's transition to sustainable mobility by addressing the challenges of last-mile logistics for e-commerce and third-party logistics providers. By providing a comprehensive "mobility as a service" solution, Euler Motors seeks to facilitate the mass-market adoption of electric vehicles, thereby contributing to the Electric Vehicle Revolution in India. Their vehicles not only promise lower maintenance costs but also help reduce the overall cost of fleet operations for users.
Ati Motors
Series A in 2023
Ati Motors is a manufacturer of all-electric autonomous vehicles designed for industrial applications. The company focuses on creating self-driving electric cargo vehicles that utilize advanced technologies, including light detection and ranging, cameras, and infrared sensors, to navigate complex environments. These vehicles are tailored to automate operations within industrial settings, such as factories and warehouses, enhancing efficiency in material transportation. Ati Motors’ products can easily integrate with existing trolleys and workflows without requiring modifications, thereby providing a seamless solution for indoor and outdoor material movement systems.
Battery Smart
Series B in 2023
Battery Smart is an electric vehicle (EV) battery-swapping network based in Delhi, India, founded in 2019. The company focuses on providing advanced lithium-ion batteries specifically designed for electric two-wheelers and three-wheelers. Its innovative retrofittable 48V lithium-ion twin battery system is compatible with various electric rickshaw and two-wheeler models. Battery Smart's fully interoperable battery-swapping solution allows EV drivers to efficiently swap their batteries in just two minutes, alleviating concerns related to range anxiety, charging downtime, and the recurring costs of battery replacements. By offering a practical and quick solution for battery management, Battery Smart aims to enhance the convenience and accessibility of electric mobility in India.
ElectricPe
Seed Round in 2023
ElectricPe is an electric vehicle (EV) charging platform based in Bengaluru, Karnataka, India, founded in 2021. The company aims to provide smart, affordable, and clean electric mobility solutions for users across the country. By partnering with thousands of independent charge point operators, ElectricPe ensures that EV users have convenient access to charging stations, alleviating concerns about running out of charge. The platform not only facilitates the locating of charging stations but also offers additional services such as test drives, vehicle purchasing, and a mobile application for account management. Through its comprehensive offerings, ElectricPe is committed to promoting the adoption of electric vehicles and reducing the environmental impact of transportation in India.
Vecmocon Technologies
Seed Round in 2022
Vecmocon Technologies is a deep-tech company specializing in electric vehicle solutions aimed at enhancing clean mobility. The firm develops and engineers essential components for electric vehicles, including battery management systems, motor controllers, vehicle intelligence modules, and chargers. These patented products are certified by the International Centre for Automotive Technology, ensuring compliance with industry standards and government regulations. By focusing on making electric vehicles smarter, more intelligent, and more connected, Vecmocon Technologies supports EV brands in delivering exceptional and sustainable product experiences to their customers.
Euler Motors
Series C in 2022
Euler Motors is an automotive technology startup specializing in commercial electric vehicles, particularly electric three-wheelers designed for intra-city goods transportation. The company aims to accelerate India's transition to sustainable mobility by addressing the challenges of last-mile logistics for e-commerce and third-party logistics providers. By providing a comprehensive "mobility as a service" solution, Euler Motors seeks to facilitate the mass-market adoption of electric vehicles, thereby contributing to the Electric Vehicle Revolution in India. Their vehicles not only promise lower maintenance costs but also help reduce the overall cost of fleet operations for users.
Battery Smart
Series A in 2022
Battery Smart is an electric vehicle (EV) battery-swapping network based in Delhi, India, founded in 2019. The company focuses on providing advanced lithium-ion batteries specifically designed for electric two-wheelers and three-wheelers. Its innovative retrofittable 48V lithium-ion twin battery system is compatible with various electric rickshaw and two-wheeler models. Battery Smart's fully interoperable battery-swapping solution allows EV drivers to efficiently swap their batteries in just two minutes, alleviating concerns related to range anxiety, charging downtime, and the recurring costs of battery replacements. By offering a practical and quick solution for battery management, Battery Smart aims to enhance the convenience and accessibility of electric mobility in India.
Flo Mobility
Seed Round in 2021
Flo Mobility is an innovative company based in Bangalore, India, established in 2018, that specializes in developing autonomous technology for electric two-wheeled vehicles. The company offers a plug-and-play technology stack designed to be retrofitted onto various micro-mobility fleets, including electric scooters, agricultural weeders, and lawnmowers. This technology enhances operational efficiency by incorporating features such as sensor data filtering, object detection algorithms, and guidance systems for operators. By automating labor-intensive and repetitive tasks, Flo Mobility enables construction companies and other sectors to complete projects more quickly and cost-effectively.
Euler Motors
Series B in 2021
Euler Motors is an automotive technology startup specializing in commercial electric vehicles, particularly electric three-wheelers designed for intra-city goods transportation. The company aims to accelerate India's transition to sustainable mobility by addressing the challenges of last-mile logistics for e-commerce and third-party logistics providers. By providing a comprehensive "mobility as a service" solution, Euler Motors seeks to facilitate the mass-market adoption of electric vehicles, thereby contributing to the Electric Vehicle Revolution in India. Their vehicles not only promise lower maintenance costs but also help reduce the overall cost of fleet operations for users.
Battery Smart
Seed Round in 2021
Battery Smart is an electric vehicle (EV) battery-swapping network based in Delhi, India, founded in 2019. The company focuses on providing advanced lithium-ion batteries specifically designed for electric two-wheelers and three-wheelers. Its innovative retrofittable 48V lithium-ion twin battery system is compatible with various electric rickshaw and two-wheeler models. Battery Smart's fully interoperable battery-swapping solution allows EV drivers to efficiently swap their batteries in just two minutes, alleviating concerns related to range anxiety, charging downtime, and the recurring costs of battery replacements. By offering a practical and quick solution for battery management, Battery Smart aims to enhance the convenience and accessibility of electric mobility in India.
Ati Motors
Seed Round in 2021
Ati Motors is a manufacturer of all-electric autonomous vehicles designed for industrial applications. The company focuses on creating self-driving electric cargo vehicles that utilize advanced technologies, including light detection and ranging, cameras, and infrared sensors, to navigate complex environments. These vehicles are tailored to automate operations within industrial settings, such as factories and warehouses, enhancing efficiency in material transportation. Ati Motors’ products can easily integrate with existing trolleys and workflows without requiring modifications, thereby providing a seamless solution for indoor and outdoor material movement systems.
Euler Motors
Series A in 2021
Euler Motors is an automotive technology startup specializing in commercial electric vehicles, particularly electric three-wheelers designed for intra-city goods transportation. The company aims to accelerate India's transition to sustainable mobility by addressing the challenges of last-mile logistics for e-commerce and third-party logistics providers. By providing a comprehensive "mobility as a service" solution, Euler Motors seeks to facilitate the mass-market adoption of electric vehicles, thereby contributing to the Electric Vehicle Revolution in India. Their vehicles not only promise lower maintenance costs but also help reduce the overall cost of fleet operations for users.
Euler Motors
Series A in 2020
Euler Motors is an automotive technology startup specializing in commercial electric vehicles, particularly electric three-wheelers designed for intra-city goods transportation. The company aims to accelerate India's transition to sustainable mobility by addressing the challenges of last-mile logistics for e-commerce and third-party logistics providers. By providing a comprehensive "mobility as a service" solution, Euler Motors seeks to facilitate the mass-market adoption of electric vehicles, thereby contributing to the Electric Vehicle Revolution in India. Their vehicles not only promise lower maintenance costs but also help reduce the overall cost of fleet operations for users.
Euler Motors
Seed Round in 2019
Euler Motors is an automotive technology startup specializing in commercial electric vehicles, particularly electric three-wheelers designed for intra-city goods transportation. The company aims to accelerate India's transition to sustainable mobility by addressing the challenges of last-mile logistics for e-commerce and third-party logistics providers. By providing a comprehensive "mobility as a service" solution, Euler Motors seeks to facilitate the mass-market adoption of electric vehicles, thereby contributing to the Electric Vehicle Revolution in India. Their vehicles not only promise lower maintenance costs but also help reduce the overall cost of fleet operations for users.
Yulu
Seed Round in 2018
Yulu is a micro-mobility platform operating in India that addresses traffic congestion and air pollution through its innovative fleet of human and battery-powered micro-light two-wheelers. The company manufactures smart, dockless electric vehicles that leverage advanced Internet of Things technology, allowing users to rent them effortlessly via a user-friendly application. Yulu's business model includes both pay-per-use and subscription options, facilitating seamless last-mile connectivity and delivery solutions. By providing a sustainable alternative to traditional transportation, Yulu aims to improve urban mobility and contribute to a cleaner environment.
Volt14 Solutions
Volt14 Solutions specializes in the development of ultra-high performance materials specifically designed for lithium-ion batteries. The company focuses on manufacturing lithium anodes that can enhance battery energy density by up to 70%, which is a significant improvement over existing options. This advancement addresses common challenges such as range anxiety in electric vehicles and reduces storage costs by nearly 40%. Volt14 employs a unique wet chemistry approach, enabling battery manufacturers to seamlessly integrate its anodes into their current production lines without experiencing manufacturing bottlenecks. Their solutions cater to various applications, including automotive, defense, and space industries, ensuring compatibility with a wide range of lithium-ion battery systems.
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