EVamp Technologies, the company behind the Mobilane electric vehicle charging network, has raised ₹7 crore in its first external funding round, aimed at scaling India’s EV charging infrastructure and ramping up in-house manufacturing of AC and Light Electric Vehicle (LEV) DC chargers.
Building India’s EV Infrastructure
Founded by Devansh Shah and Gunjan Mehta, EVamp Technologies owns and operates Mobilane, a pan-India EV charging platform delivering smart, integrated hardware and software solutions. The company designs and manufactures AC and LEV DC chargers, catering to urban, residential, and highway networks.
Financial Strength & Technology Edge
Unlike most early-stage EV infrastructure firms, EVamp has already achieved Profit After Tax (PAT) positivity prior to this fundraise, making it the only Charge Point Operator (CPO) in India with profitability at this stage.
“Since inception, our focus has been on building a high-performance, future-ready EV charging network,” said Devansh Shah, Founder. “With this investment, we are well-positioned to rapidly scale manufacturing and lay the foundation for a sustainable EV ecosystem.”
Co-founder Gunjan Mehta added, “Our business fundamentals are built on innovation, operational efficiency, and financial discipline. With scale, we aim to create long-term value for users, partners, and investors, while supporting India’s clean mobility mission.”
Market Outlook
India’s EV adoption is expected to accelerate under government-backed policies like FAME-II and the PM E-Drive initiative, both of which emphasize charging infrastructure expansion. EVamp’s profitability-first model and early manufacturing focus provide a differentiated edge as the sector moves towards scale, reliability, and cost-efficiency.
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