IPEC India Private Limited

IPEC India Private Limited is a New Delhi-based company specializing in innovative power conversion products and solutions for E-Mobility, focusing on electric vehicle charging systems. Founded in 2017 and headquartered in New Delhi, India, IPEC India Private Limited is dedicated to developing power conversion products tailored for the E-Mobility sector. The company has successfully completed one significant deal, raising USD 3. 00 mn in funding from Gruhas Proptech on April 17, 2025.

The CEO of the company is Zohra Khan. IPEC India specializes in the development and manufacture of Power Conversion Products and Solutions designed specifically for E-Mobility. Their core offerings include a comprehensive range of electric vehicle (EV) charging solutions such as smart and reliable chargers for two-wheelers, three-wheelers, and four-wheelers, along with portable and onboard chargers, home chargers, and public charging infrastructure. These products are engineered to deliver efficiency and reliability, catering to a wide array of end users including automotive original equipment manufacturers (OEMs) and residential, commercial, and public sector clients.

The company also provides high-quality charging connectors and vehicle inlets, complemented by sophisticated software solutions like a Charging Management System (CMS) and mobile applications that enable real-time control and insights. IPEC’s products primarily serve the Indian market, but they are also positioned for expansion into international markets, contributing to the global clean energy ecosystem. IPEC India engages in business transactions that primarily involve B2B relationships with automotive OEMs and various sectors in need of EV charging solutions. The revenue structure relies on direct sales of their flagship products, which include certified chargers for two, three, and four-wheelers, as well as software subscriptions for their Charging Management System.

Clients typically purchase these products and services through negotiated contracts that may involve volume pricing agreements tailored to the needs of larger fleet operators or commercial enterprises. The company’s revenue is generated from one-time equipment sales, ongoing maintenance contracts, and potential software licensing fees, ensuring a steady income stream from both product sales and service-based offerings. In April 2025, IPEC India Private Limited raised USD 3. 00 mn in venture funding from Gruhas Proptech.

The company plans to utilize this funding to support expansion and further growth, including the development of new products set to be launched in the coming year. IPEC is also targeting geographic expansion beyond India into international markets, aiming to enhance its presence in the global EV charging infrastructure sector.