How 44 EV Startups in India Driving Sustainability| EVage Motors
Summary
The round saw participation from Terra.dos Anshuman Bapna, Shaadi.coms Anupam Mittal, Anchorage Capitals Arjun Ravi Sheth, Urban Ladders Ashish Goel, and OfBusiness Bhuvan Gupta, among others.Recently, Hero Electric partnered with ElectricPe to set up charging points pan-India for its customers. In the software segment, its app provides an array of services such as real-time GPS tracking, learning analytics, geo-fencing, and battery temperature, among others.In April 2022, Euler Motors raised about $5 Mn in a follow-on Series B round from Moglix. It presently has a fleet size of 2,000 vehicles and operates in over 15 cities, including Bengaluru, NCR, Hyderabad, Pune, Chennai and Mumbai.Through its tech stack, the startup claims to deliver 2X productivity, reduce carbon footprint and cut down transportation costs by 40%. Investors like BeyondTeq, GCC family offices, Strides One, TradeCred, N+1 Capital, and Nitish Mittersain from Nazara Technologies participated in the round.MoEving has a presence in 10 cities in India including Delhi-NCR, Pune, Mumbai, Chandigarh, Bengaluru, Hyderabad and Kolkata. Prior to this, it had raised $5 Mn in Series A round from Ecotransit Investments International.According to its website, SmartE has partnered with 17 companies such as Kinetic Green, NTPC, SBI, HSIIDC, ACME, Sun Mobility, Exicom and AMARA RAJA.