IPEC
- Company typePrivate
- Founded2017
- HeadquartersBengaluru, India
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
IPEC firmographics
Firmographics- Name
- IPEC
- Legal name
- IPEC India Private Limited
- Website
- https://i-pec.in
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
IPEC industry classification
Industry- Product category
- EV Charging Equipment
- NAICS
- Current-Carrying Wiring Device Manufacturing (335931), Wiring Device Manufacturing (33593)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- EV Charging Hardware Manufacturing (AC/DC Chargers/Dispensers) (IMACACAE)
- akta.pro secondary industries
- Automotive Charging Hardware Manufacturing (On-board Chargers, Charge Inlets, DC-DC) (IMACAJAK), Charging Infrastructure Components (connectors, cables, dispensers, payment/controls) (IMAGAHAH), EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG)
Keywords
Where IPEC is headquartered
LocationHeadquarters
- HQ city
- Bengaluru
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
IPEC business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- EV Charging Hardware Sales: Sale of power conversion products including home chargers, portable/onboard chargers, public chargers, charging connectors, and vehicle inlets to automotive OEMs
- Public EV Charging Solutions: Sale of AC and DC public charging stations along with CMS software and mobile app for residential, commercial, workplace, fleet, and public applications
- Software Solutions: Charging Management System (CMS) and mobile application for EV charging management, user authentication, and payment processing
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
IPEC product offering
Product offeringCore offering
IPEC manufactures power conversion products and EV charging solutions in India, supplying home chargers (AC 3.3-7.4kW, DC 350W-3.3kW), portable/onboard chargers, public AC and DC chargers (up to 22kW AC, 12kW DC), charging connectors and vehicle inlets for 2W, 3W, and 4W electric vehicles. The company also delivers public EV charging infrastructure with AC/DC chargers paired with a Charging Management System (CMS) and mobile app for residential, commercial, workplace, fleet, and public applications.
Product overview
IPEC is a manufacturer of Power Conversion Products and Solutions for E-Mobility in India. The company offers two main product lines: (1) EV Charging Products for OEMs including Home Chargers, Portable and Onboard Chargers, Public Chargers, Charging Connectors, and Vehicle Inlets; and (2) Public EV Charging Solutions comprising AC and DC chargers (3.3-22kW), a Charging Management System (CMS) platform, and a Mobile App. The portfolio ranges from low-power home charging (350W) to high-power public charging (up to 22kW AC, 12kW DC), serving 2W, 3W, and 4W automotive OEMs and public charging operators. The CMS and Mobile App provide software layer capabilities for network management and end-user access.
Differentiator
Problem solved
Functional benefit
Products and services
- Home Chargers
- Portable and Onboard Chargers
- Public Chargers
- Charging Connectors
- Vehicle Inlets
- Charging Management System (CMS)
- Mobile App
Companies that use IPEC
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles2 records
IPEC technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature5 records
IPEC partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- ABBcoreIPEC Limited (Stockport, UK), a specialist in partial discharge testing, was acquired by ABB and joins ABB's electrification division. This acquisition enables IPEC to expand into international markets under ABB's global operations.
- Hero MotoCorpcoreIPEC India is a founding member of the Light Electric-vehicle Acceleration Forum (LEAF) consortium along with Hero MotoCorp and Ather Energy. The consortium aims to strengthen India's EV charging ecosystem for two- and three-wheelers through interoperability and standardization using LECCS standard.
- Ather EnergycoreIPEC India is a founding member of the Light Electric-vehicle Acceleration Forum (LEAF) consortium along with Hero MotoCorp and Ather Energy. The consortium aims to strengthen India's EV charging ecosystem for two- and three-wheelers through interoperability and standardization using LECCS standard.
- MEHER GroupcoreIPEC was formed in 2017 as a Joint Venture between MEHER Group, Deki Electronics, and Sungho Electronics. MEHER Group brings manufacturing and business experience in the Power, Electrical, and Electronics sectors from Bangalore, India.
- Deki ElectronicscoreIPEC was formed in 2017 as a Joint Venture between MEHER Group, Deki Electronics, and Sungho Electronics. Deki Electronics contributes domain knowledge and manufacturing experience from Noida, India.
- Sungho ElectronicscoreIPEC was formed in 2017 as a Joint Venture between MEHER Group, Deki Electronics, and Sungho Electronics. Sungho Electronics, based in Seoul, South Korea, brings 12 years of electronics manufacturing experience with operations in South Korea, China, and Vietnam for film capacitors, power supplies, and EMS.
Scale indicators4 records
Recent moves8 records
Expansion highlights6 records
IPEC competitors and assessment
Company assessmentBroad incumbents
- Schneider Electric (EVlink): Global energy-management major with an EV charging product line (EVlink AC/DC). Competes with IPEC in commercial and public charging deployments and brings deeper R&D and an international channel footprint.
- ABB E-mobility: Global leader in EV charging hardware and software across AC, DC fast and high-power segments. A larger incumbent that competes in IPEC's addressable markets globally and in India; also acquired the unrelated UK-based IPEC Limited in 2026.
- Delta Electronics (India): Power-electronics manufacturer with an EV charging portfolio (AC and DC) sold globally and in India. Comparable on power-conversion technology stack and OEM/B2B channels, though at meaningfully larger scale.
- Tata Power (EZ Charge): India's largest EV charging point operator with a sizeable AC/DC hardware procurement need. Adjacent competitor on the CPO/infrastructure side and a potential large customer for IPEC's public-charging hardware.
Direct peers
- Exicom Tele-Systems: India-headquartered manufacturer of EV AC/DC chargers and power-electronics solutions serving OEMs and CPOs. Closest like-for-like peer to IPEC India across product portfolio (home/portable/public chargers, CMS software) and Indian customer base.
- Servotech Power Systems: Indian EV charger manufacturer (AC and DC, including high-power DC fast chargers) with a comparable OEM-supply and public-charging GTM. Directly comparable on product mix, Indian market focus and OEM channel.
- Tritium (now part of Exicom): Specialist DC fast-charger manufacturer (now integrated with Exicom) competing in the higher-power DC segment IPEC does not yet address. Comparable on technology stack and target customer (CPOs and highway fast-charging).
Regional players
- Statiq: India-focused EV charging network operator deploying AC and DC chargers. Competes with IPEC on the CPO side while also representing a potential B2B customer for IPEC's public charger hardware and CMS software.
- ChargeZone: Indian EV charging network operator and IPEC customer. Comparable as a CPO buyer of IPEC-class AC/DC hardware, and a regional competitive reference for public-charging buildouts in India.
Others
- Ather Energy: Indian EV OEM and IPEC customer that also operates its own Ather Grid charging network. Comparable as both an OEM buyer of IPEC's chargers/connectors and an emerging CPO competitor in the 2W charging ecosystem.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
IPEC social profiles
Digital presenceIPEC compliance and trust
Trust signalCompliance6 records
IPEC financial estimates
Financial estimateRevenue estimate
Valuation estimate
IPEC leadership team
Management profileNumber of profiles
Profiles4 records
IPEC funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IPEC M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IPEC
What does IPEC do?
IPEC manufactures power conversion products and EV charging solutions in India, supplying home chargers (AC 3.3-7.4kW, DC 350W-3.3kW), portable/onboard chargers, public AC and DC chargers (up to 22kW AC, 12kW DC), charging connectors and vehicle inlets for 2W, 3W, and 4W electric vehicles. The company also delivers public EV charging infrastructure with AC/DC chargers paired with a Charging Management System (CMS) and mobile app for residential, commercial, workplace, fleet, and public applications.
Is IPEC a public or private company?
IPEC is a private company. It is classified as corporate owned and is currently operating.
When was IPEC founded?
IPEC was founded in 2017. It employs 251 to 500 people.
Where is IPEC based?
IPEC is headquartered in Bengaluru, India, in the Asia region.
How does IPEC make money?
Three revenue lines are on record. EV Charging Hardware Sales are the primary driver. The others are public EV Charging Solutions and software Solutions.
Who are IPEC's main competitors?
Broad incumbents on record are Schneider Electric (EVlink), ABB E-mobility, Delta Electronics (India) and Tata Power (EZ Charge). Direct peers are Exicom Tele-Systems, Servotech Power Systems and Tritium (now part of Exicom). Regional players are Statiq and ChargeZone. Ather Energy is listed as an others.
Does IPEC have an API?
No public API is recorded for IPEC.
What industry is IPEC in?
IPEC's product category is EV Charging Equipment. Its primary akta.pro industry code is IMACACAE, EV Charging Hardware Manufacturing (AC/DC Chargers/Dispensers), with a secondary code of IMACAJAK, Automotive Charging Hardware Manufacturing (On-board Chargers, Charge Inlets, DC-DC). Its NAICS code is 335931 and its SIC code is 3600.