By CIO Insider Team
Funding

Ionage, the AI-enabled energy management platform that operates India’s most widely networked EV charging ecosystem, had announced that it has risen $1.3 million in pre-Series A funding.

Ionage is an asset-light software and interoperability layer that enables the largest CPO networks in India, SME CPOs like restaurants & fuel station owners, real-estate developers, housing societies, and commercial fleets to work together; much like how UPI allows different banks to use a common payments infrastructure. The fund raised will be used to expand coverage to 100% of active charger networks in India to help EV users with discoverability & payment and enable SME CPOs set-up and manage station efficiencies.

Ionage has onboarded over 25,000 four-wheeler charge points and now supports 63+ fleets charging across the country. Backed by a network of 75+ charging partners and powered by national charger mapping and roaming capabilities, Ionage is on track to process a monthly energy throughput of 20+ million units within the next 12 months; driven by consistent month-on-month growth of 25+%.

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“India is about to build millions plus charging stations, but a driver still can’t count on finding one that works and paying for it easily. That’s not a hardware problem alone anymore, it’s the absence of a trust layer that operates seamlessly between all stakeholders in the currently fragmented EV support ecosystem. Every stakeholder in this ecosystem- CPOs, OEMs, real-estate owners, and drivers, is operating in a fragmented manner, with their own apps, data dependencies, which is resulting in efficiency losses and poor customer experience. We’re building the layer that fixes that: the operating system every charger can run on, whoever owns it, so that discoverability and reliability stop being the exception and start being the default. If we get this right, a driver anywhere in India should be able to trust that the charger they see on a map is the charger they can use, and that’s the bar we’re building to,” said Vimal Kumar V, Co-founder & CEO, Ionage.

Ionage operates on more than 70%+ of India’s charging hardware, connecting with major EV charging manufacturers at the point of installation. Ionage’s solutions span offices, malls, hospitality, and residential housing societies and operate in 33 states/UT covering nearly 3000 cities, with plans to create and support new CPO micro-clusters in Tier 2 urban centres within the next 18 months.

India’s public charging infrastructure has grown nearly six-fold since 2022, but with this growth has come an explosion of bad infrastructure. At any given time, nearly 2 out of every 5 public chargers in India are non-functional, and the country’s ratio of 1 charger per 235 EVs (as of 2025) is well behind the global frontier of 1:6 to 1:20. For EV drivers, this presents a vexing challenge; a combination of discovery, standardization, interoperability, and trust challenges that have been amplified for Indian drivers by the sheer fragmentation of the market – a driver cannot simply download a single app to find, use, and pay for any EV charging infrastructure in India. Ionage aims to democratise EV charging access in India by building the infrastructure layer to discover, operate, and pay for chargers across networks, bringing much-needed standardisation and trust to the market.

Also Read: India's EV Charging Ecosystem is Growing A Tech-Powered 'Atmanirbhar'-Backbone

India’s EV charging infrastructure needs to grow by more than 40x to meet demand by 2030, according to research by CII and ORF – and will need 1.32 million+ public chargers by 2030 to support the expected 30 million+ electric two-wheelers and four-wheelers on the road. As of early 2026, India has more than 30,000+ public chargers, of which roughly 22,750 are currently operational. Government programmes such as FAME, PM E-DRIVE (with a proposed allocation of ₹2,000 crore for EV charging infrastructure), and the PLI policy also incentivise the expansion of EV charging infrastructure, while standardisation and interoperability efforts led by BEE are set to unlock more efficiencies. Meanwhile, every mile driven on electricity is a mile not driven on imported crude oil – and as global oil prices remain volatile, India’s import bill for petroleum products is once again front and centre of policy debates. Ionage aims to benefit from this confluence of factors by building out India’s EV charging infrastructure, enabling a more interoperable and discoverable charging experience for India’s EV drivers.

Ionage offers Nexus (CPO operations platform), IONAGE App (discover, plan, charge and pay across networks), Flo (CPO-fleet discovery marketplace), CASA (Home charging management solution), plus a Discovery API and business SDK in closed beta. Ionage has also begun leveraging AI/ML capabilities to drive intelligent load balancing & energy trading across its network of chargers.

The round was led by strategic investors and a consortium of CXOs from world’s leading energy and infrastructure companies.