ACS Energy secures pre-seed funding to expand EV charging network

ACS Energy, an EV charging platform based in Maharashtra, has raised Rs 11 million in a pre-seed round led by Infection Point Ventures. The company plans to use the funds to install more than 5000 UPI-enabled EV charging stations across Maharashtra and Gujarat. The rollout will use its smart AC chargers and ACS pay platforms. The funding will also support the development of energy management systems for high-rise buildings.

ACS Energy was founded in 2021 and works in clean tech with a focus on PCB design, IoT integration and firmware development. The company provides customised technologies for industrial automation, green energy and IoT systems. Its work includes solar robotics and EV charging solutions aimed at improving efficiency for businesses and local users.