Tushar Goenka for Financial Express reports Underscoring the increasing demand, Goyal said that BluSmart was growing 15-20% month-on-month (m-o-m).
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Jaspreet Kaur for Inc42 reports the round was led by Green Frontier Capital, Blume Ventures, and Micelio Fund, and the funds will be used to deepen tech investments and scale operations. The development comes almost a year after ElectricPe secured $3 Mn in a seed funding round.
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Team YS reports electric ride-hailing company BluSmart is in advanced talks to raise $250 million in its latest Series B round, $50 million of which will come from existing investors and founders.
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Trisha Medhi for YourStory reports the pre-Series A funding round was completed just 12 months after the seed funding round. ElectricPe hopes to use the combined capital of $8 million to deepen technology investments and scale operations.
Read More![[Funding alert] ElectricPe raises $5M led by Green Frontier Capital, others](https://images.squarespace-cdn.com/content/v1/62c84cd51c48897fadfc573f/1672943837611-4F2O12QR18X77QWPXYYC/Funding-Alert.jpg)
ElectricPe, an EV charging aggregation platform, has completed a Pre-Series A funding round of $5 million. The round was led by Green Frontier Capital, Blume Ventures, and the Micelio Fund. This Pre-Series A funding round was completed exactly 12 months after the Seed funding round.
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Prerna Lidhoo for Business Today reports the Pre-Series A funding round is completed just 12 months after the seed funding round of $3 million. ElectricPe said it will use the combined capital of $8 million to deepen technology investments and scale operations.
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Isabelle Crossley for Fashion Network reports Ras has created an exclusive line of products for Vistara, India’s first full-service carrier airplane. The personal care brand has designed a set which showcases Indian Ayurvedic ingredients in eco-friendly packaging.
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Rajiv Singh for Forbes India reports the EV ride-hailing upstart is taking on the might of Ola and Uber with its full-stack business model that focusses on the users and drivers.
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Rajiv Singh for Forbes India reports The EV ride-hailing upstart is taking on the might of Ola and Uber with its full-stack business model that focusses on the users and drivers.
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Teena Jose for Entrepreneur India reports, as per the recent market research, the global agritech market is projected to grow at a compound annual growth rate (CAGR) of 12% between 2020-27. India, too, is competing in this segment alongside China and the US.
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Narasimha Raju for CXO Today reports India has emerged as one of the world’s most promising emerging economies. A lot of startups are making a mark across industries and are contributing towards making India the fastest-growing ecosystem.
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Times of India reports Green Frontier Capital is close to adding at least four more companies to its existing portfolio of seven Indian entities.
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Electric vehicle focused companies in India are optimistic about increasing scale and their investments in the year 2023.
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Navanwita Bora Sachdev for The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking to know where the cash is flowing.
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GetVantage, a leading revenue-based financing or RBF platform, saw ventures like BluSmart, ChargeZone, EMotorad, Buyofuel and Verve Renewables avail finance totaling $5 million.
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Battery Smart, which provides swapping networks for electric two and three-wheelers, will use the fund to add more batteries to its network and expand to new cities across India, the company said in a statement.
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GetVantage, India’s leading Revenue-Based Financing (RBF) and growth platform for founders, has firmly established itself as a preferred alternative funding platform for Cleantech businesses with companies like BluSmart, ChargeZone, EMotorad, Buyofuel.
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StratNews Global sits down with Sandiip Bhammer to discuss recently passed amendments to the Energy Conservation law — introducing carbon trading and requiring large consumers to meet non-fossil fuel consumption standards — a $100 billion investment opportunity for VCs.
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Amy Buxton for Green Queen profiles Zero Cow Factory and three other alternative dairy startups from around the world that are looking to take cows out of the equation while creating milk for a sustainable future.
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GFC invests in India-centric green companies with disruptive digital business models and highly attractive cash flow with net 20-25% USD Equity IRRs or 5-10X MOIC.
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