The Venture Codex

Participated · Series A · Mar 2022

Pi Beam Electric is a vertically integrated EV-as-a-service platform for logistics and commute applications, founded by Visakh Sasikumar and Manu Iyer. The company controls EV products, financing and O&M and supplies services to leading e-commerce companies, food delivery unicorns and last-mile supply chain companies. Pi Beam is currently present in Bengaluru and Chennai and plans to expand to Hyderabad, Mumbai and Delhi. It aims to increase its fleet to 2,000 by the next financial year and has collaborated with IIT Madras to integrate advanced EV technologies. The startup said the funds will be used to develop its deployment platform, expand the team, scale operations to multiple cities and develop new products. The company raised $1.7 million in a Pre-Series A round led by Inflection Point Ventures.