Ionage raises $1.3 million pre-Series A
By Abha Lohia ·
- Bengaluru-based Ionage runs software linking charging station operators, charger makers, property owners and electric vehicle drivers in one network
- Strategic investors and a group of senior energy and infrastructure executives co-led the $1.3 million pre-Series A round
- The money will extend coverage to every active charging network in India and help small operators run stations
What happened
- Ionage raised $1.3 million in a pre-Series A round.
- Strategic investors and a CXO consortium co-led it.
- Funds target 100% coverage of active Indian charging networks.
- Money also helps small operators set up and manage stations.
- Drivers get easier discovery and payment.
Why it matters
- Charging networks stay fragmented for drivers.
- Small operators need management tools.
- Ionage expects over 25% monthly growth.
The business
- Founded in 2021, based in Bengaluru.
- Builds an EV charging operating system.
- Over 25,000 four-wheeler charge points onboarded.
- Supports more than 63 fleets.
- Network of over 75 charging partners.
The founders
VC
Varun Chandran
Co-founderWho put in money
- Strategic investors Co-lead
- CXO consortium Co-lead — Energy and infrastructure executives
In numbers
25,000+Charge points onboarded · 2026
63+Fleets supported · 2026
What happens next
- Process over 20 million energy units a month within 12 months.
Earlier rounds
- Pre-Series A: $1.3M
Terms in this story
- Funding stage: Startups raise money in steps called funding stages: pre-seed, seed, Series A, B, C and later, ending in a stock-market listing or a sale. Each step is larger than the last and asks for more proof.
- Pre-Series A: A pre-Series A round is money raised after a seed round and before a full Series A, to help a startup show the growth that a Series A investor will want to see.
- Series A: Series A is usually the first large round a startup raises from venture capital funds, after it has shown that people want what it sells.
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