The Pre-Series A Funding was led by Siana Capital, Callapina Capital, Z21 Ventures, 1Crowd, LetsVenture
The Energy Company, a pioneering full-stack EV battery intelligence provider, has successfully raised $2 million in a pre-Series A round marking a significant milestone in its journey. The company’s rapid growth from an early-stage startup to a key player in fast-charging battery solutions and adaptive battery intelligence has been driven by multiple strategic partnerships. The latest funding round was led by Siana Capital, Callapina Capital, Z21 Ventures, 1Crowd, LetsVenture and other strategic investors. This round further validates the company’s market potential and its role in accelerating India’s transition to green mobility.
The Energy Company’s journey took a major leap forward in 2023 when it was selected for SanchiConnect’s Green Mobility Pre-Seed Accelerator. The program, designed to support Intellectual Property led startups in battery technology, EV infrastructure and clean mobility, culminated in pre-seed funding of $600,000 among the cohort startups in November 2023.
The Energy Company secured $2 million in a pre-Series A funding round, with SanchiConnect as the strategic advisor. This funding will allow the company to scale production of FlexiPack for wider EV adoption, advance battery intelligence capabilities for fleet operators and strengthen its footprint in the energy storage sector. The structured support helped de-risk early-stage investment, making The Energy Company an attractive opportunity for venture capital.
Building The Energy Company has been a roller coaster journey filled with challenges, learning, and growth. This funding milestone is a testament to our team’s relentless innovation and the trust of our investors. We are grateful to our partners and ecosystem supporters who have guided us along the way. A special thanks to SanchiConnect for their role in this journey. With this support, we are ready to scale and drive the future of battery intelligence and energy storage. Shared Rahul Lamba, CEO of The Energy Company
Dr Sunil K Shekhawat, CEO of SanchiConnect, highlighted the company’s journey as a strong example of how structured support can accelerate a startup’s growth. “Access to the right funding, industry expertise and market insights can enable any startup to scale efficiently, refine its technology and attract strategic investors at the right time.”
Since completing the accelerator program, the Energy Company has rapidly grown its market presence. It partnered with IPO-bound Ather Energy to integrate its Flexi batteries into a network of over 2,000 charging stations across India. The company also advanced its battery technology to enable ultra-fast charging, second-life applications and adaptive battery management.
Recognising the growing demand for energy storage solutions, the company expanded its focus beyond EVs to include small and medium-sized energy storage systems for homes, vacation rentals and offices. The ability to address both the mobility and energy storage markets positioned it as a key player in India’s green energy ecosystem.
The Energy Company is now focused on expanding the production of FlexiPack for wider EV adoption, advancing battery intelligence capabilities for fleet operators and scaling its presence in the energy storage systems sector. It continues to work on enhancing its full-stack battery intelligence platform and ensuring widespread adoption of its fast-charging battery technology.
The Energy Company’s journey from its inception to securing a pre-Series A round exemplifies the role of ecosystem-driven support in accelerating DeepTech innovation. With continued backing from the ecosystem, it is set to make a lasting impact on the EV and energy storage sectors helping shape the future of sustainable mobility in India.
About The Energy Company
The Energy Company was founded in 2021 by Rahul Lamba, Prashant Rathee, Pratik Somani and Vinay Karulkar with the mission of addressing a critical challenge in the EV ecosystem—battery efficiency, longevity and performance unpredictability. The company developed Flexi, a full-stack battery intelligence platform and FlexiPack, a fast-charging high-performance battery for electric two-wheelers and e-rickshaws.
About SanchiConnect
Founded in 2022, SanchiConnect is committed to empowering startups by focusing on key areas such as investor outreach, mentorship, and corporate networking. SanchiConnect’s DeepTech community platform brings together over 3,000 DeepTech startups, investors, incubation centres, and corporates, enabling seamless networking and knowledge exchange. Believing in the power of collaboration, SanchiConnect drives growth and success within the DeepTech ecosystem through its GTM and funding-led accelerator programs, providing early capital, mentorship, POCs, market access, and networking opportunities to startups.
