[Funding alert] EV enabler Numocity raises funds from Ideaspring Capital, Rebright Partners, ABB Technology Ventures
Summary
YourStory’s 2019 Tech30 company Numocity has secured an undisclosed amount from Ideaspring Capital, Rebright Partners and ABB Technology Ventures (ATV). The startup was founded by Ravikiran Annaswamy, Siddharth Sreenivasan, and Muralidhar Somisetty in December 2018. Numocity has an end-to-end middleware solution with various use-cases for the entire EV ecosystem, ranging from fixed charging infrastructure, battery swap management, analytics for fleet operations, and a value-added services platform built with mobility intelligence and data. Numocitys middleware platform handles all the complexity of inter-working between electric grid, charging infrastructure and battery, to deliver a seamless and simple experience for EV users. The platform is built for scale and offers advanced intelligence to bring efficiency and optimal utilisation of key assets to enable growth in e-mobility adoption.