DeCharge, a Hyderabad, India-based provider of an EV charging network, raised $2.5M in seed funding.
The round was led by Lemniscap, with participation from Colosseum, Daedalus Angels, EV3 Labs, Echo Fundraiser Chainyoda Jedis, and Levitate Labs, as well as angels including 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; and Mathieu Baudet, Founder of Linera.
The company intends to use the funds to launch its Energy Marketplace, and to expand to 3,000+ locations across the U.S., Europe, Middle East, and emerging economies.
Led by Mohan Kuldeep Ponnada, Founder & CEO, Dr. Prakash Kamaraj, Co-Founder, DeCharge is an EV charging company with a decentralized, AI-powered energy network. Its ecosystem spans public, fleet, and autonomous charging, integrating smart hardware, intelligent software, and scalable energy infrastructure. From high-speed DC chargers on highways to community-driven deployments in urban hubs, the company ensures charging for EVs, fleets, and new mobility solutions.
As part of its network, the company will be extending the reach of VoltBox (Fast Charging DC Chargers) across key highway corridors, logistics hubs, and urban centers, ensuring charging stations are available where drivers actually need them. DeCharge’s H3 Spatial Indexing will also ensure that chargers are deployed in underserved regions.
Future plans also include the launch of the DeCharge Energy Marketplace, a fully tokenized energy marketplace where EV owners, businesses, and grid operators participate in a self-sustaining energy economy. The company will also be scaling tokenized incentives for charger hosts, fleet operators, and EV users to drive adoption and participation.
FinSMEs
28/03/2025