Search
HomeFunding AlertPlugzmart Raises Rs 3.63 Cr In Seed Round

Plugzmart Raises Rs 3.63 Cr In Seed Round

Funding Alert

Published on

By Ankush Kumar

Plugzmart, Chennai-based EV charger maker startup has raised Rs. 3.63 crores in a seed round led by early-stage VC BlueHill Capital and followed by investors such as Meera Reddy of SKCL, Kartik Meyyappan, L. Ramkumar, Sivadas Raghava, and Shailaja Reddy.

The funds for R&D and development, as well as scaling up production, will be used by the company to support the company’s large order pipeline.

Edtech Startup Uolo Raises $25.5 Mn Fund from Winter Capital, Others

Founded in 2018 by Vivek Samaynathan and Ragavendra Ravichandran, Plugzmart (Meras Plugins Pvt. Ltd.) is an Original Equipment Manufacturer (OEM) of electric vehicle chargers and SAAS provider of electric charging infrastructure.  It has built its own IOT-enabled smart EV charging management system to integrate and communicate efficiently with chargers. Their portfolio of nine products includes chargers for two, three and four-wheelers.

- Advertisement -

Plugzmart is a SaaS provider of electric vehicle charging infrastructure and an original equipment manufacturer (OEM) of electric vehicle chargers. Incubated at IIT Madras in 2019, Plugzmart has developed its own IoT-enabled smart EV charging management system to integrate and communicate effectively with chargers. Its nine-product portfolio includes chargers for two-, three, and four-wheelers.

READ ALSO

Web3 startup Invisible Universe Bags $12 Mn in Series A

Post Views: 82

Latest articles

Funding Alert

DVARA KGFS Raises $10 Mn in Debt Funding Round

Dvara Kshetriya Gramin Financials (DVARA KGFS), an NBFC operating in remote rural parts of...
Business

Incred Alternatives Launches INR 330 Crore Private Equity Fund

Launching its first private equity fund, Incred Alternative Investments raised INR 330 crore during...
Funding Alert

Funding Alert: “Eternz Raises $1.15 Mn in Pre-Seed Funding”

Eternz, a curated vertical marketplace for jewellery, has raised $1.15 million in its pre-seed...
Funding Alert

Funding Alert: BharatRohan Raises $2.3 Mn in Pre-IPO Round

BharatRohan, an agritech firm focused on drone-based hyperspectral remote sensing, has raised $2.3 million...

More like this

Funding Alert

DVARA KGFS Raises $10 Mn in Debt Funding Round

Dvara Kshetriya Gramin Financials (DVARA KGFS), an NBFC operating in remote rural parts of...
Business

Incred Alternatives Launches INR 330 Crore Private Equity Fund

Launching its first private equity fund, Incred Alternative Investments raised INR 330 crore during...
Funding Alert

Funding Alert: “Eternz Raises $1.15 Mn in Pre-Seed Funding”

Eternz, a curated vertical marketplace for jewellery, has raised $1.15 million in its pre-seed...

Market Money is India’s online platform that provides its users with information, news and insights related to Technology & Startup ecosystem.

[tdn_block_newsletter_subscribe title_text="Subscribe" description="VG8lMjBnZXQlMjBlbWFpbCUyMHVwZGF0ZXMlMjBmcm9tJTIwVG9kYXklMjBOZXdzLg==" input_placeholder="Your email address" btn_text="Subscribe" tds_newsletter2-image="583" tds_newsletter2-image_bg_color="#c3ecff" tds_newsletter3-input_bar_display="row" tds_newsletter4-image="584" tds_newsletter4-image_bg_color="#fffbcf" tds_newsletter4-btn_bg_color="#f3b700" tds_newsletter4-check_accent="#f3b700" tds_newsletter5-tdicon="tdc-font-fa tdc-font-fa-envelope-o" tds_newsletter5-btn_bg_color="#000000" tds_newsletter5-btn_bg_color_hover="#4db2ec" tds_newsletter5-check_accent="#000000" tds_newsletter6-input_bar_display="row" tds_newsletter6-btn_bg_color="#da1414" tds_newsletter6-check_accent="#da1414" tds_newsletter7-image="585" tds_newsletter7-btn_bg_color="#1c69ad" tds_newsletter7-check_accent="#1c69ad" tds_newsletter7-f_title_font_size="20" tds_newsletter7-f_title_font_line_height="28px" tds_newsletter8-input_bar_display="row" tds_newsletter8-btn_bg_color="#00649e" tds_newsletter8-btn_bg_color_hover="#21709e" tds_newsletter8-check_accent="#00649e" tdc_css="eyJhbGwiOnsibWFyZ2luLWJvdHRvbSI6IjAiLCJkaXNwbGF5IjoiIn19" embedded_form_code="YWN0aW9uJTNEJTIybGlzdC1tYW5hZ2UuY29tJTJGc3Vic2NyaWJlJTIy" tds_newsletter1-title_color="var(--today-news-white)" tds_newsletter1-f_title_font_family="394" tds_newsletter1-f_title_font_transform="uppercase" tds_newsletter1-f_title_font_spacing="-0.5" tds_newsletter1-f_title_font_size="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxMyJ9" tds_newsletter1-f_title_font_line_height="1.2" tds_newsletter1-description_color="var(--today-news-light-gray)" tds_newsletter1-f_descr_font_family="394" tds_newsletter1-f_descr_font_size="eyJhbGwiOiIxMyIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMSIsInBob25lIjoiMTIifQ==" tds_newsletter1-f_descr_font_line_height="1.3" tds_newsletter1-f_title_font_weight="700" tds_newsletter1-input_bg_color="var(--today-news-white-transparent2)" tds_newsletter1-input_border_size="0" tds_newsletter1-input_text_color="var(--today-news-white)" tds_newsletter1-input_placeholder_color="var(--today-news-light-gray)" tds_newsletter1-f_btn_font_family="394" tds_newsletter1-f_btn_font_transform="uppercase" tds_newsletter1-f_btn_font_weight="700" tds_newsletter1-f_btn_font_spacing="-0.3" tds_newsletter1-f_btn_font_size="eyJhbGwiOiIxMyIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMSIsInBob25lIjoiMTIifQ==" tds_newsletter1-f_input_font_size="eyJhbGwiOiIxMyIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMSIsInBob25lIjoiMTIifQ==" tds_newsletter1-f_input_font_family="394" tds_newsletter1-btn_bg_color="var(--today-news-accent)" tds_newsletter1-btn_bg_color_hover="var(--today-news-accent)"]

© 2024 Market Money Media