News Post

EV maker Corrit Electric secures funding in angel round

VCCircle

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Corrit Electric, an EV manufacturing company, has raised $602,445 in an angel funding round led by Porush Jain, co-founder of Sportskeeda. The investment will support the expansion of operations and enhance research and development initiatives. Corrit Electric plans to put its delivery electric bike, Transit, into production within the next 3-6 months. The company aims to be present in 25 cities in the next 6 months and had previously raised $9 million in a Series A funding round. The electric bike manufacturing sector has seen significant investments in recent years, with companies like Ola Electric and Ather Energy securing substantial funding.

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