Bengaluru-based EV charging company IPEC secured a USD 3 million investment from Gruhas, co-founded by Nikhil Kamath and Abhijeet Pai. This funding will help IPEC expand its EV charging presence and explore power electronics opportunities. The company has supplied over 1 million charging products to Indian OEMs and plans to increase its manufacturing capacity to 50,000 units/month.
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