ACS Energy is a Mumbai-based electric vehicle charging infrastructure startup. It has secured INR 1.1 crore in a pre-seed funding round led by Inflection Point Ventures. ACS Energy, founded in 2022, is creating EV charging solutions that work for all types of vehicles—two-wheelers, three-wheelers, and four-wheelers. Their goal is to make electric vehicle charging easy, safe, and accessible for everyone.
One of the biggest problems in India is that many people live in high-rise apartments or large residential townships where installing EV chargers is difficult. Buildings may not have proper wiring, space, permissions, or safety systems to support chargers. ACS Energy solves these issues by offering a smart combination of hardware (like compact charging units) and software (for energy monitoring, payments, and safety controls).
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ACS Energy operates as Ayka Control Systems Pvt. Ltd
This is its official corporate identity under which it operates, complies with government regulations, and builds its technology and products.
Ayka Control Systems positions itself as India’s first EV charging platform to integrate UPI payment functionality directly into its charging stations.
Direct UPI Payments at Charging Points
Unlike older EV chargers that required separate apps, RFID cards, or wallets, this platform allows users to simply scan a QR code at the charging point and pay instantly through any UPI-supported app like PhonePe, Google Pay, Paytm, or BHIM.
No Mandatory App Downloads
Users are not forced to install a dedicated app just to charge their EV. This reduces friction and makes the charging experience extremely convenient—especially for first-time EV users.
Faster & More Accessible Charging Process
Since UPI is the most widely used digital payment method in India, integrating it helps ensure:
- faster transactions
- lower payment failure rates
- support for rural and semi-urban areas where EV adoption is growing
India’s electric vehicle boom is accelerating—and one startup is quietly powering the shift. ACS Energy, led by CEO Jash Sheth and Co-Founder/COO Mihir Bhanushali, just raised fresh capital that will supercharge EV charging access across the country. With an eye on innovation and mass adoption, the company is gearing up for a major expansion that could redefine the EV charging experience for millions.
🚀 A Founder Story Rooted in Engineering Excellence
Before launching ACS Energy, Jash Sheth built his career in India’s nuclear power sector—a background that shaped his precision-driven approach to clean energy. He also helped scale multiple startups to multi-million-dollar valuations, making ACS Energy his next big leap.
Together with Mihir Bhanushali, the duo is now focused on solving one of India’s biggest EV challenges: accessible, reliable charging.
⚡ What the New Funding Will Power
ACS Energy plans to deploy 5,000+ UPI-enabled EV charging stations across Maharashtra and Gujarat, making charging as easy as scanning a QR code.
But that’s not all—part of the capital is also directed toward building AI-powered Energy Management Systems (EMS) for high-rise buildings. These systems help optimize:
- Power distribution
- Load balancing
- Grid safety
- Energy efficiency
🌍 Current Footprint & Expansion Plans
ACS Energy already operates in major EV growth hubs:
| City / Region | Current Presence |
|---|---|
| Mumbai | ✔️ Active |
| Pune | ✔️ Active |
| Ahmedabad | ✔️ Active |
| Kerala | ✔️ Active |
| Surat | ✔️ Active |
With EV adoption rising rapidly, the company plans to enter more markets in 2025 and beyond.
📈 The Market: A Multi-Billion-Dollar Opportunity
India’s EV charging infrastructure market is on a steep climb.
| Market | 2025 Value | 2032 Projection | CAGR |
|---|---|---|---|
| India EV Charging | $450M | $13B | 30%+ |
| Global EV Charging | — | $400B by 2034 | — |
A major push comes from the PM E-DRIVE scheme, backed by ₹10,900 crore, set to fuel public and residential charging networks nationwide.
🏢 About Inflection Point Ventures
Inflection Point Ventures, the key investor in this round, has invested ₹800+ crore across 250+ startups and operates an angel network with 24,000+ members. They also manage Physis Capital, a $50M fund supporting Pre-Series A to Series B startups.
🔌 The Road Ahead
With smart, UPI-enabled chargers and AI-driven energy systems, ACS Energy is betting big on India’s shift to clean mobility. And as EV adoption climbs, their tech-first approach could become the backbone of urban charging infrastructure.
If the next decade belongs to EVs, companies like ACS Energy are ensuring India stays in the fast lane.
