Pi Beam Electric Raises $1.7 Million in Pre-Series A Funding Funds will be utilized to develop the deployment platform, expand the team, scale operations to multiple cities and develop new products

By Saptak Bardhan

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


Pi Beam Electric on Wednesday announced to have raised $1.7 million in a pre-Series A funding round led by Inflection Point Ventures. The round saw participation from prominent family offices including Sattva Group and Nanavati family, syndicates including Sincere Syndication and Conscience Multi-family Office. Industry stalwarts Arshad Sayyad, Vijay Ratnaparke, Shaji Koshy and professor Ashok Jhunjhunwala also participated in this round apart from the existing investors. Funds will be utilized to develop the deployment platform, expand the team, scale operations to multiple cities and develop new products.

"Investment in Pi Beam is the continuation of our focus on the EV sector. They provide green micro-mobility EV solutions for logistics and commute with data driven insight that ensures reliability to any company which requires last mile delivery. We are keenly interested in investing in such disruptive technologies," said Ankur Mittal, co-founder, Inflection Point Ventures.

India's electric vehicle market is expected to grow at a compounded annual growth rate of 90 per cent in this decade to touch $150 billion by 2030, according to a report by consulting firm RBSA Advisors.

"We are disrupting EV as a service business model with an integrated EV ecosystem platform, which connects the dots to provide reliable and scalable services. With control over the EV products, their financing and their O&M, and our deep EV know-how we can seamlessly deploy EV-as-a-service for various applications," said Visakh Saikumar, founder and CEO, Pi Beam.

Pi Beam Electric, a vertically integrated EV as a service platform for logistics and commute applications was founded by Visakh Sasikumar and Manu Iyer. The startup had pivoted to build India's leading electric vehicle ecosystem platform with deep EV knowledge, gained by selling more than 1000-plus electric vehicles in the B2B market. Pi Beam is currently present in Bangalore and Chennai with 100-plus EVs in the fleet. Expanding rapidly to Hyderabad, Mumbai and
Saptak Bardhan

Former Trainee Writer

Former Trainee Writer

Related Topics

Starting a Business

7 Lessons I Learned From Selling a 6-Figure Blogging Business

Here are a few critical lessons from my experience building and selling a successful blogging business.

News and Trends

The Relevance Of MRP In Modern India

There have been longstanding debates in the country about the efficacy of MRP

Side Hustle

Anyone Can Start a Passive Income Side Hustle For Easy Money — But Only If You Know These 5 Essential Tips First.

The rise of digital automation technology has made starting a passive income side hustle easier and more accessible than ever before.


This Unique Social Startup Helps in Offsetting Carbon Footprint

Verdoo, a free online tool, helps consumers fight climate change through online shopping


If You Want People to Follow You, Stop Being a Boss — 8 Steps to Truly Effective Leadership

Understand the key differences and embark on the journey from boss to leader with these eight vital steps. This article unveils how to inspire and lead teams with passion and purpose.

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.