The Energy Company (TEC) funding, investors and company details

The Energy Company (TEC) is an emerging Automobile - EV startup from Bengaluru, working in the space of EV battery provider. Founded by Rahul Lamba, Prashant Rathee, Pratik Somani, Vinay Karulkar.

Company: ENCRATE Private Limited
Sector: Automobile - EV
Location: Bengaluru
Founders: Rahul Lamba, Prashant Rathee, Pratik Somani, Vinay Karulkar
Total funding raised: ₹17.49 Cr

Company overview

The Energy Company is a clean-tech startup providing full-stack energy storage and battery solutions for electric cars (particularly two-wheelers, three-wheelers and light commercial vehicles) and power-backup use. Their flagship product, the FlexiPack, is a fast-charging, modular battery pack that offers a longer lifespan, compatibility with public chargers, and quick charging (as little as 15 minutes for a ~50 km range) to overcome common EV deficiencies. Complementing this, their software platform FlexiTwin provides AI-powered Battery Management System (BMS), cloud integration, real-time battery health monitoring, predictive maintenance, and “digital twin” tracking — helping users and fleet operators manage battery lifecycle, optimize charging, and even enable second-life reuse.

Funding rounds

Latest round (Pre Series A): $ 2.00 Mn (₹17.49 Cr.), 2025-02-10. Investors: Siana Capital