BGauss Secures Rs 161 Crore Funding from Bharat Value Fund to Accelerate Expansion
Electric two-wheeler manufacturer BGauss has raised INR 161 crore (approximately USD 18.6 million) in a funding round led by Bharat Value Fund (BVF). The funding includes a mix of primary and secondary investments and comes as the Pune-based startup aims…
Electric Tractor Maker Moonrider Raises $2.2M seed Funding
Electric tractor company Moonrider has raised $2.2 million in a seed round led by AdvantEdge Founders and Micelio Technology Fund, along with a host of angel investors. The company plans to use the funds to boost innovation and capabilities in…
EVs lose the Funding Race as Investors Drive hard Bargain
Funding for India’s electric vehicle (EV) sector has nearly halved between 2022 and 2024 as policy changes and a decline in sales growth prompt investors to push for better unit economics and profitability at companies before committing further capital. According…
Indian Electric Two-wheeler Firm nets $15.3m Funding
Ultraviolette Automotive, a Bengaluru-based electric two-wheeler manufacturer, has secured 130 crore rupees (around US$15.3 million) in a new funding round. This investment was primarily driven by Zoho, which provided 90 crore rupees (around US$10.6 million). The round also saw participation…
EV Startup MOOEV Technologies Secures Rs 4 Cr in Seed Funding
Electric vehicle startup MOOEV Technologies has secured Rs 4 crore in seed funding, led by Bizdateup with participation from Inflection Point Ventures and Spectrum Impact (Aarti Industries Family Office). The fresh funds will be utilized to deploy an initial fleet…
Hala Mobility Secures Rs 51 Crore in Pre-Series A Funding to Expand Urban EV Fleet
Hala Mobility, an EV-as-a-Service platform, has successfully raised Rs 51 crore (approximately $6 million) in its pre-Series A funding round. The round saw participation from founders Srikanth Reddy and Snehith Reddy, Phani Ramineni (founder of Previa Health), and Rohan Bajaj’s…
GFCL EV Raises Funds for Expansion Plans
GFCL EV raises funds of ₹1,000 crore for the company’s capital expenditure. Gujarat Fluorochemicals Ltd (GFL), a part of the INOXGFL Group, announced that its subsidiary, GFCL EV Products Ltd (GFCL EV), raised ₹1,000 crore, securing an equity valuation of…
JBM ECOLIFE Raises $100M for Electric Mobility
JBM ECOLIFE Mobility (P) Ltd, a subsidiary (JV) of JBM Auto Limited and India’s leading electric bus mobility and EV Ecosystem player, has successfully secured a $100 million strategic funding from the Asian Development Bank (ADB) and the Asian Infrastructure…
Clean Electric Raises $6 million in Series A Funding, aims for 10x Growth with Cutting-edge EV Solutions
Pune-based energy storage solutions startup, Clean Electric, has successfully raised $6 million in a Series A funding round. The round was co-led by prominent investors, including Info Edge, Pi Ventures, and Kalaari Capital, with participation from Lok Capital and other…
Snap-E Cabs Raises $2.5M in Pre-series A Led by Inflection Point Venture
Snap-E Cabs, an electric vehicle (EV) ride-hailing platform, has successfully raised USD 2.5 million in a Pre-Series A Round, led by Inflection Point Ventures. The funds will be allocated towards talent acquisition, technology upgrades, and expansion into new geographical locations….
