Company Intelligence Profile
Vecmocon Technologies Private Limited
Deep-tech EV components/"EV intelligence stack" startup, HQ New Delhi, founded 2016.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Vecmocon Technologies Private Limited |
|---|---|
| CIN | U74999DL2016PTC303809 |
| PAN | AAFCV5587K (Tofler) |
| Status | Active |
| Listing | Unlisted (private limited company; not listed on any stock exchange) |
| Incorporated | 01 August 2016 (Tofler, TheCompanyCheck — agree) |
| ROC | RoC Delhi |
| Sector (NIC) | NIC/Tofler category: Information Technology / Electronic Components & Equipment Manufacturing (NIC code U74999 per CIN = "Other professional, scientific and technical activities n.e.c.") |
| Registered address | B-1/E-9, Basement, Mohan Cooperative Industrial Estate, Badarpur, South Delhi, New Delhi, Delhi, India – 110044 (Tofler, TheCompanyCheck — agree) |
| Authorized capital | ₹75.50 lakh (Tofler, TheCompanyCheck — agree) |
| Paid-up capital | ₹53.84 lakh (Tofler, TheCompanyCheck — agree) |
Business Overview
Confirmed- Deep-tech EV components/"EV intelligence stack" startup, HQ New Delhi, founded 2016
- Products: Battery Management Systems (BMS, swappable/fixed packs, CAN comms), Vehicle Intelligence Module (VIM), EV chargers (1.5kW, 2/3-wheeler), EV instrument clusters, motor controllers (field-oriented control), and the "Battery Buddy" monitoring app
- Claims 100+ customers, 120,000+ units deployed, 7 patents, 25+ product SKUs (source: vecmocon.com)
- Categorised by Inc42/Tracxn as Clean-Tech/Deep-Tech
- DPIIT-recognised startup (TheCompanyCheck)
Directors
Partial / conflictingConfirmed current directors (Tofler + TheCompanyCheck + Falconebiz agree on names; DINs per TheCompanyCheck only — single source, treat DINs as partial):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Peeyush Asati | 07562237 | - | - |
| Adarshkumar Balaraman | 07556516 | - | - |
| Shivam Sanjay Wankhede | 08065796 | - | - |
Financials
Partial / conflicting- FY2025 (ended 31 Mar 2025), standalone, INR: Revenue ₹34.6–34.62 Cr, up ~102.8% YoY (TheCompanyCheck + Inc42 agree — confirmed)
- FY2024 revenue ₹17.1 Cr (Inc42 — single source, partial)
- EBITDA and PAT: not obtained (paywalled/locked on TheCompanyCheck and Tofler)
- Tofler shows YoY direction only (subscription-gated): net worth +173.16%, borrowings +4900% (off a small base), assets +167.35%, margins negative (gross -27.17%, operating -28.7%, net -17.67%) for the period referenced — trend only, no absolute net worth/PAT figure obtained
- Employees: 74 (as of 29 Mar 2024, TheCompanyCheck) vs 211 (Inc42, current) — large jump, unverified reconciliation, flag as data gap
Funding
Partial / conflictingTotal funding to date: ~$33.5M across ~4 rounds (Inc42 — single source, partial). Series A: $18 million, closed/announced 09-10 June 2025, led by Ecosystem Integrity Fund (EIF) — reported consistently by The Hindu BusinessLine and Moneycontrol (2 independent sources — confirmed lead investor). Blume Ventures listed as an investor on Blume's own portfolio page (existing backer, likely from an earlier round). Anthill Ventures mentioned in one secondary summary as a participant — not independently corroborated, treat as unconfirmed. Prior tranche: YourStory reported (Nov 2024) a first phase of ~$10M within this Series A round (headline only; full article inaccessible, 403). Earlier rounds (seed/pre-Series A) referenced by Inc42's "4 rounds" total but individual round names/dates/investors for those earlier rounds were not obtained (source pages blocked/paywalled).
Charges / Loans
Partial / conflictingOpen charge: ₹10 crore, lender Small Industries Development Bank of India (SIDBI), created/modified 25 March 2025 (Tofler charges page; corroborated in aggregate by TheCompanyCheck's "Open Charges: ₹10 Cr" — confirmed). Satisfied charges: ₹5 crore aggregate per TheCompanyCheck (single source, partial — lender/date not itemised).
Competitors
Partial / conflictingNot source-confirmed for this specific company (search did not surface an article naming direct rivals); based on general industry positioning (Indian EV powertrain-electronics / BMS / vehicle-intelligence space), plausible peers to list on the page with a caveat that this list is analyst-compiled, not per-source cited:
- Sedemac Mechatronics (motor controllers/ECUs for 2W-EV, longer-established, larger revenue base) — larger scale
- Log9 Materials (battery tech/BMS-adjacent, well-funded) — larger scale
- Exponent Energy (battery packs + rapid-charging infra) — comparable/larger scale, well-funded
- Trontek (BMS for EVs) — similar scale
- Cellestial E-Mobility / Etrio Automobiles (EV powertrain components, smaller/adjacent players) — similar or smaller scale
Flag to editor: verify/replace this competitor set with a source-cited list before publishing, since it could not be corroborated against a live article in this pass.
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