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….
EV Leasing Firm Electrifi Secures ₹250 Million Funding from ADB
Commercial electric vehicle (EV) leasing and asset management company Electrifi Mobility secured ₹250 million (~$3.02 million) in seed-stage funding led by Asian Development Bank (ADB) Ventures, AdvantEdge Founders and others. The funding will help Electrifi scale up asset deployment, expand…
China’s BYD and US EV Rival Tesla Gain Favour with Norway’s US$1.5 Trillion Wealth Fund
Norway’s US$1.5 trillion wealth fund boosted its holdings in Tesla and Chinese electric vehicle leader BYD in 2023 as the companies scaled up production of plug-in cars. Tesla moved up to the fund’s 11th biggest holding at the end of…
Noida’s EV as a Service Startup Trigo Electric Raises Rs 40L at Indian Angels Show
Noida-based EV as a Service startup TriGo Electric has raised an angel cum strategic funding of Rs 40 lakh in equity and 40 lakh as debt from angel investor Ajinkya Firodia, Managing Director Kinetic Group. TriGo Electric secured this equity…
