According to reports, electric vehicle (EV) charging startup ElectricPe has raised $5 million, steered by Green Frontier Capital, Blume Ventures, and Micelio Fund.

Dubai-based NB Ventures, Anchorage Capital Partners, Supermorpheus, and Climate Angels took part in the funding round.

“The funding will be used to improve our technology and also expand to cities outside Bengaluru. More than 80 percent of the city’s entire charging network is available on ElectricPe,” cofounder and CEO, Avinash Sharma.

“By the end of the current quarter, ElectricPe will cover the entire city. Users of all EV types - be it a two-wheeler, three-wheeler, four-wheeler, plug-in battery and swap battery - can use the ElectricPe app,” Sharma adds.

The company has around 20,000 active customers, includes regular users and the gig economy workforce pouring for food delivery and ecommerce companies, whose navies are progressively receiving electrified, as per reports.

The company’s income is increased by charging a convenience fee from the customer.

“As e-mobility is gaining traction in India, ElectricPe has identified a primary challenge and is working to create easy and seamless access to a trusted network of charging points/swapping stations all in one space,” says Sandiip Bhammer, managing partner, Green Frontier Capital.

The company is founded by former Ola executives, including Sharma, Raghav Rohila and Krishnan Sekar, who are actively involved in various executive roles.

“The EV sector is growing at a rapid pace and consumers are seeking full-stack solutions, in one place. Having a trusted dense network of charging or swapping points to find, use and pay will not only help increase adoption, but also utilization of charging infrastructure,” says Arpit Agarwal, director, Blume Ventures.