Full-stack EV battery provider The Energy Company (TEC) has raised $2 million in a Pre-Series A funding round. Investors in this round include Siana Capital, Callapina Capital, Z21 Ventures, 1Crowd, LetsVenture, and others. The funds will be used to enhance TEC’s battery intelligence platform, Flexi, and scale up its battery packs, FlexiPack, designed for electric two-wheelers and e-rickshaws.

Additionally, TEC aims to expand its footprint in the small and medium-sized energy storage systems (ESS) sector by introducing battery solutions for homes, vacation rentals, and offices.

Expressing enthusiasm about the investment, Rahul Lamba, CEO of TEC, said, “We’re thrilled to have the support of a dynamic group of investors who share our vision for the future of energy.”

Founded in 2021 by Rahul Lamba, Prashant Rathee, Pratik Somani, and Vinay Karulkar, TEC specializes in developing fast-charging batteries and an advanced software stack that enables adaptive battery management and second-life applications. The company has partnered with IPO-bound EV manufacturer Ather Energy, gaining access to approximately 2,000 charging stations across India.

Vinod Jose, Co-Founder of Callapina Capital, highlighted the growing EV market in India and TEC’s strategic position in it. “While many players are focusing on different parts of the battery value chain, what drew us to TEC is their ability to address key challenges in commercial EV adoption,” he said.

Jose further emphasized TEC’s innovative approach, stating, “Their Flexi technology offers ultra-fast charging, adaptive battery management, and second-life applications—factors crucial for fleet operators struggling with battery lifespan, high financing costs, and performance unpredictability. TEC’s proprietary technology enables them to create a distinct and scalable presence in the competitive EV market.”