ACS Energy Raises INR 1.1 Crore Pre-Seed Funding from IPV
ACS Energy has raised INR 1.1 crore in a pre-seed round led by Inflection Point Ventures (IPV) to expand its EV charging network across Maharashtra and Gujarat and enhance smart energy management solutions for high-rise buildings.
November 13, 2025. By News Bureau
With this new funding, ACS Energy plans to set up over 5,000 UPI-enabled EV charging stations across Maharashtra and Gujarat to make charging more accessible for both homes and businesses. Additionally, a part of the funding will also go into developing advanced energy management systems for high-rise buildings. The company's goal is to bring smarter power distribution and load balancing so urban spaces can use energy more efficiently.
Mitesh Shah, Co-Founder, IPV, said, “India’s EV revolution is incomplete without a strong support system fuelling its growth. The transition from fuel-based energy to green energy has to be more accessible and seamless. ACS Energy offers more than just a charger, it is a full hardware and software package that makes charging quick, transparent, and hassle-free. Their UPI-based system means anyone can pay instantly, which makes EV charging as seamless as buying groceries.”
The team behind ACS Energy ~ Jash Sheth (CEO) and Mihir Bhanushali (Co-Founder & COO) - aren’t just building technology; they’re reimagining how India charges up. With backgrounds in technology and engineering, they’re pushing for infrastructure that’s intelligent and easy to use, making sustainable mobility feel less like a chore and more like the obvious choice.
Jash Sheth, Founder and CEO, ACS Energy, said, “At a petrol pump, you don’t think twice— you just pay and move. EV charging should be just as simple. With India’s first UPI-enabled charging network, we’re bringing that same ease to the EV ecosystem. Alongside, we’re launching our AI-driven Energy Management Systems to help buildings and DISCOMs manage load intelligently. This fundraise will power our mission to simplify charging and optimise energy use across India.”
Currently active in Mumbai, Pune, Ahmedabad, Kerala, and Surat, ACS Energy is scaling up fast, focusing on areas where EV adoption is picking up speed. By getting their UPI-enabled chargers out in these cities, it aims to build a solid network that connects both city dwellers and new EV hubs.
This year alone, India’s EV charging infrastructure market is worth about USD 450 million. By 2032, it’s expected to top USD 13 billion, growing at over 30 percent each year. Globally, the market could hit USD 400 billion by 2034, fuelled by electrification and smart-grid tech. As the government’s PM E-DRIVE scheme - with a massive INR 10,900 crore budget translates into more public and residential charging stations, it’s a huge chance for companies like ACS to jump in on government and utility projects, driving India’s EV future forward.
please contact: contact@energetica-india.net.
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