Electric two-wheeler firm Pure EV said it has raised USD 8 million (around Rs 66 crore) from a consortium of investors, according to PTI report. The funding was led by Bennett Coleman and Company Ltd, Hindustan Times Media Ventures, alongside Ushodaya Enterprises Pvt Ltd, existing investors and high net-worth individuals, Pure EV said in a…
Electric vehicle (EV) ride-hailing platform BluSmart said that it raised $25 million from Zurich-based climate finance firm ResponsAbility and will use the money to expand its EV charging infrastructure, according to ETtech report. The funding comprises 20 million in debt and $5 million of equity, BluSmart’s cofounder and chief executive Anmol Singh Jaggi said. “We…
Fisker Inc has raised $150 million from an existing institutional investor through the issue of convertible bonds with an additional $550 million in funding available, according to Reuters report. The EV company expects to use the proceeds to ramp up deliveries. Fisker earlier this month reiterated its plan to increase deliveries of its flagship Ocean sports…
Bolt.Earth, India’s leading EV infrastructure and software company, announced the successful completion of its funding round, securing a substantial $20 million in investment. The funding round was spearheaded by a consortium of both longstanding and new investors, featuring notable names including Union Square Ventures, Prime Venture Partners, ITIGO Funds, and several others who share Bolt.Earth’s…
Fisker Inc has raised $150 million from an existing institutional investor through the issue of convertible bonds with an additional $550 million in funding available, according to Reuters report. The EV company expects to use the proceeds to ramp up deliveries. Fisker earlier this month reiterated its plan to increase deliveries of its flagship Ocean sports…
EV startup Euler Motors announced it has raised $60 million in funding led by Singapore’s sovereign wealth fund GIC. Moglix, Blume Ventures, Athera Venture Partners (formerly Inventus India), QRG Holdings, and ADB Ventures also participated in the funding round. Euler builds three-wheeler commercial vehicles for its partner companies to use for their logistics requirements. The…
Exponent Energy (e^), an Electric vehicle (EV) fast-charging startup, announced it has raised $13 million in a Series A funding round led by Lightspeed Venture Partners, according to ET report. Existing institutional investors such as YourNest VC, 3one4 Capital & AdvantEdge VC also participated in the funding round. The new round will help scale e^…
Faraday Future Intelligent Electric Inc. (Faraday Future), a California-based global shared intelligent electric mobility ecosystem company, announced the successful execution of a definitive agreement for a new financing facility. The Company continues to have active discussions with multiple capital providers for potential significant additional near-term funding, a statement said. Under the new financing facility, which…
Commercial electric vehicle (EV) startup Turno announced that it has raised USD 3.1 million in new equity funding round led by Stellaris Venture Partners, along with Avaana Capital, according to ETAuto report. Launched in April 2022 in Bengaluru, Turno claims to have captured 75% market share in the retail cargo three-wheeler segment in the city…
Electric vehicle startup, based in Bengaluru, Simple Energy has announced that the startup has secured $21 million in its pre-series funding round. An official statement said, “this investment will be utilised to increase manufacturing capacity, accelerate new product development, and expand experience centres, consequently bolstering the company’s expansion plans.” Speaking on the announcement, Suhas Rajkumar,…
Simple Energy, an electric vehicle startup that specializes in manufacturing smart electric scooters, has raised an undisclosed amount of funding from the angel investor Vel Kanniappan and four other investors who participated in this round of funding. According to a company statement, the startup plans also to raise INR 51crore to INR 74 crore (USD…
Etrio, an electric vehicle retro fitment kit maker announced that it has raised $3 million in its Series A funding round from a group of HNIs. The funding will be used to diversify its business into making electric three-wheelers and e-bicycles. The company has been working on electrification kits for Maruti Suzuki’s Alto and Dzire,…
Ultraviolette Automotive, a startup working on electric two-wheelers and energy infrastructure, announced that it has raised Rs 30 crore from TVS Motor Company. Founded in 2017 by Narayan Subramaniam and Niraj Rajmohan, Ultraviolette Automotive synthesizes design and technology to create new dimensions in advanced engineering and seamless user experiences. The startup had started by building…
EVage, a Chandigarh-based mobility tech startup, has raised an undisclosed amount of funding from Dr Paolo Castagna, Ex Managing Director, Fiat India Automobiles Pvt Ltd. The mobility startup has built India’s 1st ‘Make in India’ ‘Exoskeleton Structure’ that will provide a common platform for the launch of SUVs, Vans, Delivery Vehicles and Trucks and is…
EVage, a Chandigarh-based mobility tech startup, announced that it has raised funding led by mobility veteran, Ola Electric Co-Founder and Senior Advisor Anand Shah along with BryAir Director Varun Pahwa, and DMI Group partner Anmol Nayyar. The three invested an undisclosed amount in the mobility tech startup EVage, which is set to launch their first Electric…