Mumbai, Nov. 13 -- Mumbai-based startup ACS Energy has successfully secured INR 11 million in a pre-seed funding round. The investment was spearheaded by Inflection Point Ventures (IPV). This financial boost will enable the company to deploy over 5,000 new UPI-enabled EV charging stations across the key states of Maharashtra and Gujarat, enhancing accessibility for residential and commercial users alike.

ACS Energy (Ayka Control Systems Pvt. Ltd.) is tackling a critical gap in India's electric vehicle ecosystem by focusing on complex urban settings. The company specialises in developing charging solutions for high-rise buildings and large residential townships, an often underserved segment despite increasing regulatory mandates for EV in...