Ather Energy, a Bengaluru-based electric vehicle startup, announced that it has raised Rs 84 crore fresh funding from Hero MotoCorp. The EV startup will utilise the funds to boost expansion. It has plans to expand into 20 cities by the end of next year and set up a new manufacturing plant in Hosur, in Tamil…
Tag: EV startup funding
EV startup Rivian raises additional $2.5 bn from T Rowe Price
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•Rivian, an automotive technology startup that develops products and services to advance the shift to sustainable mobility, announced that it has raised an additional $2.5 billion in funding from accounts advised by investment firm T Rowe Price. Other investors that took part in the current investment include Soros Fund Management, Coatue, Fidelity Management and Research,…
Mumbai-based EV startup Earth Energy EV raises seed funding
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•Earth Energy EV, a Mumbai-based startup that aims to develop Efficient, Affordable and Easily adoptable Electric Vehicles for Logistics and Delivery Businesses, announced that it has raised an undisclosed amount of seed funding from LR Joshi, Managing Director at Pranada Bio-Pharma Pvt Ltd, along with other equity investors. The Company said that it will utilise…