RoadGrid Raises Rs 12 Crore in Pre-Series A Funding Round

RoadGrid, an Electric Vehicle (EV) charging infrastructure startup, has raised Rs 12 crore in a Pre-Series A funding round led by Inflection Point Ventures, with participation from strategic and angel investors including Venture Catalysts, FAAD Network, LetsVenture, Kamal Puri of Skyline Group, Pace Group’s Vrinda Goyal, Haresh Patel of Arthanomics and Maneesh Shrivastav of Alpha Value.

The funding supports the startup’s mission to build accessible EV charging ecosystems in India. The company operates across two verticals—manufacturing and supplying EV chargers to Original Equipment Manufacturers (OEMs), and deploying and operating public and commercial charging stations.

Deepesh Shrinath, Founder & CEO, RoadGrid, said, “RoadGrid is on a mission to enable seamless, sustainable and accessible electric mobility across India. With our VC partners, we will scale reliable, universal charging infrastructure that can become foundational to India’s EV ecosystem.”

Commenting on the investment, 

Mitesh Shah, Co-founder, Inflection Point Ventures, commenting on the investment, said that one of the biggest gaps in India’s EV journey currently is not intent, but infrastructure. 

He added, “Consumers are ready to adopt electric mobility, but the lack of reliable, accessible charging continues to slow scale. RoadGrid addresses this gap end-to-end, from charger manufacturing to on-ground charging operations.”

RoadGrid’s business model blends Charging as a Service (CaaS) with direct OEM sales. Under CaaS, the company establishes and manages EV charging stations, with active deployments underway in Indore and Navi Mumbai and engagements with utilities such as BSES, NPCL and IOCL. Its confirmed order book and pipeline exceed 1,000 chargers, with an additional 1,000 plus chargers under order for OEM supply across two, three and four wheeler segments.

The company has executed over 100 installations across Madhya Pradesh, Rajasthan and Karnataka, serving marquee clients including IOCL, Amazon, BSES and NPCL. RoadGrid has also partnered with VinFast arm V-Green to develop EV charging networks at HPCL retail outlets and to support VinFast’s aftersales charging network in India.

India’s EV charging market, currently valued at approximately Rs 5,000 crore, is projected to grow to Rs 50,000 crore over the next six years, driven by the need for nearly 30 lakh charging stations by 2030.