Faad Network Leads $500K Funding For BluWheelz, EV Fleet Startup
BluWheelz, an electric vehicle (EV) fleet-as-a-service startup, has successfully raised a substantial seed investment of $500,000. The funding round was led by Faad Network, a well-known early-stage fund in India. Notable participants in this round include LetsVenture, along with a…
Indian Startup Signs Pact To Explore EV Production Facility in Saudi Arabia
Indian startup Pravaig Dynamics has signed a memorandum of understanding (MoU) to explore setting up a left-hand drive electric vehicle (EV) manufacturing unit in Saudi Arabia. The unit will have a capacity of up to one million vehicles to cater…
Indian Startups Witness 72% Decline In Funding During H1 2023
Indian startups witnessed a 72% decline in funding during the first half of 2023 as compared to last year in the same period, according to a report titled ‘Tracxn Geo Semi-Annual Report: India Tech- H1 2023’. This year from January to…
Oben Electric Gets Rs 40 Crore Funding In Pre-Series A Round
Bengaluru-based electric vehicle start-up Oben Electric has raised Rs 40 crore in an extended pre-series A round, bringing their total Pre-Series A fundraise to Rs 72 crore (equity & debt). With this, it has raised Rs 88 crore since its…
The Role Of Private Companies And Startups In The Growth Of The EV Market In India
The air quality is getting worse in India. The country is the world’s second most-polluted region in the world. The situation is so worse that the average Indian life expectancy has been shortened by 6.3 years. When it comes to…
