ACS Energy raises ₹11 million in pre-seed funding for EV charging business

NEW DELHI, Nov 13 — ACS Energy, a startup focused on electric vehicle (EV) charging infrastructure, has secured ₹11 million in pre-seed funding. The round was led by early-stage investors and aims to support the company’s plan to expand its network of EV charging stations across India.

The fundraising comes at a time when India is accelerating its shift towards electric mobility, with both government and private sector investment in charging infrastructure seen as critical to the adoption of EVs. ACS Energy, founded in 2022, operates a network of public charging points and provides technology solutions to streamline the charging process for users and operators.

According to the company, the new capital will be used to deploy additional charging stations in urban and semi-urban areas, as well as to develop software tools for charge point management. ACS Energy has stated its intention to work closely with real estate developers, municipal authorities, and fleet operators to facilitate broader access to charging facilities.

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Key takeaways:

• ACS Energy raised ₹11 million in pre-seed funding.
• The funds will be used to expand EV charging infrastructure and enhance software solutions.
• The company targets partnerships with real estate and transport stakeholders.

Why it matters: India’s EV market is growing rapidly, but lack of reliable charging infrastructure remains a major barrier to widespread adoption. Startups like ACS Energy play a crucial role in closing this gap by increasing the number and accessibility of charging stations, especially in cities and emerging urban centers. The government’s FAME II scheme and state-level incentives have encouraged private investment in this sector, further propelling the expansion of EV charging networks.

Details:

• ACS Energy currently operates a mix of fast and standard charging points compatible with two-wheelers, three-wheelers, and passenger cars.
• The company’s technology platform allows real-time monitoring of charger availability and facilitates payments for users.
• India’s EV charging market is expected to grow at a compound annual growth rate (CAGR) of over 40% through 2030, according to various industry estimates.
• The pre-seed funding round reflects growing investor confidence in startups addressing the infrastructure needs of the EV ecosystem.

TL;DR: ACS Energy has raised ₹11 million in pre-seed funding to expand its EV charging network and develop management software, aiming to address India’s growing demand for accessible and reliable EV charging infrastructure.

Sources:

• mercomindia.com, 2023-11-13, Read original

ACS Energy, a startup specializing in electric vehicle (EV) charging solutions, raised ₹11 million (approximately $132,000) in its pre-seed funding round, as reported by Mercom India. The round saw participation from early-stage investors focused on clean technology and mobility. The funds will be utilized to expand ACS Energy’s charging infrastructure network, enhance its proprietary charging management platform, and accelerate partnerships with fleet operators and commercial property owners. The company aims to address the growing demand for reliable and efficient EV charging stations across urban centers in India.

EV charging infrastructure startup ACS Energy has raised ₹11 million in a pre-seed funding round led by undisclosed angel investors. The company, founded in 2022, focuses on deploying smart and affordable EV charging solutions across urban and semi-urban regions in India. The fresh capital will be used to accelerate product development, expand its charging network, and strengthen its technology platform. ACS Energy aims to address the growing demand for reliable EV charging infrastructure, supporting India’s transition to electric mobility.

ACS Energy, a Hyderabad-based electric vehicle (EV) charging infrastructure startup, raised ₹11 million (approximately $132,000) in a pre-seed funding round led by angel investors in June 2024. The company plans to utilize the funds to expand its network of smart EV charging stations across urban and semi-urban areas in India. ACS Energy specializes in developing user-friendly charging solutions and aims to install over 500 new charging points in the next year, supporting the country’s push for sustainable mobility. The funding will also support product development, enhancement of their mobile app, and strategic partnerships with real estate and fleet operators.

Sources & quotes

• Publishing domain: google.com
• Published date: 2025-11-13T14:09:55+05:30
• Original URL: Read original (news.google.com/rss/articles/CBMirgFBVV95cUxPWFByc25CcFZ4eUZaT2RvVnc4aHhFd… …)

Editorial Check

• Originality: 30 / 100 — The story appears to be a standard funding announcement, common in startup news.
• Helpfulness: 60 / 100 — Useful for readers tracking EV sector investments, but lacks detailed insights or analysis.