335bazaar and ChargeGrid raise funding
Summary
Venture Global is backed by the world’s top billionaires Bill Gates, Mark Zuckerberg, Jeff Bezos and Reid Hoffman, amongst others. Navi Mumbai-based ChargeGrid, a brand operated by Magenta EV Solutions, has raised its pre-Series A equity round of funding from JAN (JITO Angel Network) and LetsVenture. The company provides hardware, software, installation and operations and maintenance services for solutions related to electric vehicle (EV) charging. It had previously raised funding from Hindustan Petroleum Corporation Ltd in 2018 and was incubated by Shell the next year. Incorporated in 2017, the firm operates in over 10 cities catering to B2B, B2B2C and B2C customers Pantomath Capital acted as the sole investment banker and financial advisor to Magenta EV Solutions on the deal.