DeCharge Raises $2.5M in Seed Funding

Here’s a summary of the key details regarding DeCharge based on the provided information:

Company Overview

• Startup Name: DeCharge
• Location: Hyderabad, India
• Industry: EV Charging Network
• Founders:
  • Mohan Kuldeep Ponnada (Founder & CEO)
  • Dr. Prakash Kamaraj (Co-Founder)

Fundraising Details

• Funding Amount: $2.5M
• Funding Round: Seed Funding
• Date of Funding: March 28, 2025

Investors

• Lead Investor: Lemniscap
• Participating Investors:
  • Colosseum
  • Daedalus Angels
  • EV3 Labs
  • Echo Fundraiser
  • Chainyoda Jedis
  • Levitate Labs

Notable Angel Investors

• Nom (Creator of Bonk)
• Shek (Superteam/Solana)
• Arnold Lee (Co-founder and CEO of Spherelabs)
• Vibhu Norby (Founder and CEO of DripHaus)
• Manan Patel (Founder of DeSights AI)
• Mathieu Baudet (Founder of Linera)

Plans for the Funds

• Launch of an Energy Marketplace
• Expansion to 3,000+ locations across the U.S., Europe, Middle East, and emerging economies

Additional Information

• Technology: Decentralized, AI-powered energy network
• Products: Fast Charging DC Chargers, smart hardware, and intelligent software for public, fleet, and autonomous charging
• Future Plans: Launch of a tokenized energy marketplace for EV owners, businesses, and grid operators

For more information, you can visit their website.

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2025-03-28 11:03:58