Electric mobility startup MetroRide has announced that it has secured an undisclosed funding in its seed round. The round saw participation from angel investors such as Sudhir Pai, Shailesh Powdwal, Bhagirath Tanna and entrepreneur Sushant Divakar.
A statement said, “the funds will be used to expand its all green and 100 percent EV fleet’s footprint in Bengaluru& Delhi NCR. A part of this funding will go towards enhancing its AI engine – VIKI.”
Girish Nagpal, Co-founder and CEO, MetroRide commented, “This fresh infusion of funds indicates the trust and confidence of investors in new-age mobility startups like MetroRide. Unlike the other ride hailing platforms, our shared e-mobility solution is built for Affordable Daily Commute. We are excited and humbled to have received this funding, especially during these testing times. Today, we are asking people to give up their fossil fuel transport system and embrace the EV revolution with love.”
Kaaman Agarwal, Co-founder & CTO, MetroRide, said, “With three core objectives – “scalability, automation and connected experience”, AI is not an option for us. Our AI engine VIKI is at the heart of everything we do. This 100 percent cloud-based mobile application helps commuters to find a quick and hassle-free EV ride. Further, we are the only startup to solve customer safety by using AI-Based Fraud Detection systems. The new investment will be used for further strengthening the technology solutions, and enabling rapid expansion.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.