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EV startup MOOEV Technologies secures Rs 4 Cr in seed funding

Entrackr

Entrackr · 9m ago

EV startup MOOEV Technologies secures Rs 4 Cr in seed funding

Chennai-based electric vehicle startup MOOEV Technologies has raised Rs 4 crore in seed funding led by Bizdateup. The funds will be used to deploy an initial fleet of 15 electric heavy-duty trucks and to establish a high-voltage charging infrastructure. MOOEV provides engineering solutions to address challenges in commercializing electric heavy-duty vehicles in India. The company is collaborating with major corporate groups and plans to expand its EV Fleet-as-a-Service and EV Charge-as-a-Service offerings. The electric truck segment in India is expected to grow to between 4,000 and 6,000 units by March 2025.

Related News

Kidswear startup Biglilpeople raises Rs 4 Cr in seed round

YourStory

YourStory · 1m ago

Kidswear startup Biglilpeople raises Rs 4 Cr in seed round

Bengaluru-based kidswear startup Biglilpeople has raised Rs 4 crore in seed funding, led by angel investors and Capwise Financial Services. The company plans to enhance its retail and ecommerce operations, strengthen customer experience, and expand its design and R&D teams. With a FY25 revenue of Rs 2.6 crore, Biglilpeople aims for a Rs 10 crore topline in FY26. Founded in 2021, the startup offers clothing and baby care products, and recently opened its flagship store in Bengaluru.

Sanlayan secures Rs 186 Cr in Series A funding from Jungle Ventures, others

YourStory

YourStory · 1m ago

Sanlayan secures Rs 186 Cr in Series A funding from Jungle Ventures, others

Sanlayan Technologies, an aerospace and defense startup in Bengaluru, secured Rs 186 crore in Series A funding led by Jungle Ventures, Ashish Kacholia, and Lashit Sanghvi. The company designs advanced electronics like radar and electronic warfare solutions. With this funding, Sanlayan aims to enhance its acquisition strategy, bolster in-house technology, and form international partnerships to contribute to national security. Founded by IIT and IIM graduates, the firm plans further advancements in counter-unmanned aerial systems and electronic warfare technologies.

EV financing platform Finayo secures Rs 16 crore funding

Economic Times

Economic Times · 1y ago

EV financing platform Finayo secures Rs 16 crore funding

EV finance and asset management platform Finayo has secured Rs 16 crore in funding from investors, including NBFCs F Mec and CFPl, along with HNIs and angel investors. The funds will be used to advance technology and expand the platform's presence across India, aiming to promote affordable EV adoption and make green financing accessible. Finayo plans to invest in technologies, expand its footprint, and accelerate an inclusive network of EV financing, emphasizing growth in all remote corners of the country.

Neo San, two others raise equity funding, Celebal secures debt investment

VCCircle

VCCircle · 1y ago

Neo San, two others raise equity funding, Celebal secures debt investment

Climatetech startup Neo San, machinery manufacturer Autocracy Machinery, and sportstech startup Machaxi have all secured funding. Neo San raised $1.5 million in a seed funding round, Autocracy Machinery raised $598,833 in a pre-Series A round, and Machaxi secured $574,843 in a pre-Series A round. Additionally, software consulting firm Celebal Technologies raised an undisclosed amount of debt funding. These companies will use the funds for various purposes such as scaling technologies, developing new technology, expanding markets, and enhancing market penetration.

Torus Robotics secures seed investment from TNIFMC

Thehindubusinessline

Thehindubusinessline · 1y ago

Torus Robotics secures seed investment from TNIFMC

Chennai-based startup Torus Robotics has raised $470,000 in seed funding led by the Tamil Nadu Infrastructure Fund Management Corporation. The company specializes in powertrain technology for electric vehicles (EVs), defense, aviation, and consumer markets. The funding will be used to expand Torus Robotics' research and development operations. The startup aims to reduce reliance on imported powertrain components for the EV market. Torus Robotics is also exploring opportunities in industries such as power generation and robotics.

Zee invests in Flutrr; Datazip, three others pocket early-stage cheques

VCCircle

VCCircle · 10m ago

Zee invests in Flutrr; Datazip, three others pocket early-stage cheques

- Zee Akaash News Pvt. Ltd is investing Rs 3.75 crore in Flutrr Digimate Pvt. Ltd, a vernacular social media website and mobile app. - AI startup Wokelo has secured $4 million in seed funding from Array Ventures and KPMG Ventures. The funding will support the development of its technology that streamlines due diligence. - Data engineering startup Datazip raised $1 million in seed funding from Equirus Innovatex Fund. Their platform offers data ingestion, storage, transformation, and visualization solutions. - Social Hardware, a startup specializing in assistive devices and field robotics, raised Rs 3.2 crore in a seed round led by Inflection Point Ventures. - Onlygood.ai, a platform simplifying carbon management and sustainability reporting, raised Rs 4 crore in a seed funding round from IITMIC, Goel Group, and Daimler India Commercial Vehicles. The platform plans to expand its operations across India, the Middle East, and Europe.

NIKOL EV raises funding from EvolveX, others to fill the gap in India's EV charging infrastructure

IndianStartupNews

IndianStartupNews · 1y ago

NIKOL EV raises funding from EvolveX, others to fill the gap in India's EV charging infrastructure

Pune-based EV charging infrastructure startup NIKOL EV has raised an undisclosed amount in a pre-seed funding round led by EvolveX. The funding will be used to strengthen the team and develop a hybrid charger capable of charging 2-wheelers, 3-wheelers, and 4-wheelers simultaneously. NIKOL EV aims to bridge the gap in India's EV charging infrastructure and plans to install 1 lakh EV charging stations by 2030. EvolveX's investment comes as insufficient charging infrastructure continues to hinder the widespread adoption of electric vehicles in India.

Halden secures Rs 5 Cr from Prajay Advisors

Entrackr

Entrackr · 12m ago

Halden secures Rs 5 Cr from Prajay Advisors

Mumbai-based luxury men’s brand Halden has raised 5 Rs crore in a seed funding round led by Prajay Advisors. The fresh funds will be used to expand its market presence and product range, Halden said in a press-release. Co-founded in 2019 by Anuj Beriwal and Mukund Singhal, Halden aims to provide access to premium luxury products at an affordable price. The startup manufactures belts, sunglasses, accessories, travel goods and business essentials. Haldèn claims to have served over 1 lakh customers since inception from tier I and tier II cities. The startup intends to expand its offline presence and to enhance brand visibility, increase sales, and penetrate new online & retail markets. Halden empowers the luxury market in India, making high-quality, affordable luxury products accessible to a broader audience.

Calicut-based EV startup chargeMOD raises Rs 2.5Cr in pre-seed funding from Phoenix Angels

IndianStartupNews

IndianStartupNews · 1y ago

Calicut-based EV startup chargeMOD raises Rs 2.5Cr in pre-seed funding from Phoenix Angels

Calicut-based BPM Power Private Limited, owner of EV Startup chargeMOD, has secured Rs 2.5 crore in pre-Seed funding from Phoenix Angels. chargeMOD offers EV charging solutions for homes and businesses, aided by a mobile app for station location. Collaborating with notable entities like L&T, Murugappa Group, and others, it has rapidly grown, capturing 90% of Kerala's EV charging market share. The startup is backed by Kerala Start-up Mission and aspires to thrive in the EV charging sector.

Shiplog raises Rs 6.5 Cr in Seed round

Entrackr

Entrackr · 3m ago

Shiplog raises Rs 6.5 Cr in Seed round

Logistics tech startup Shiplog has raised Rs 6.5 crore ($768K) in its seed funding round led by the Deepak Bhagnani Family Office. This is Shiplog’s first external funding since its founding in 2022, as it was previously bootstrapped. The proceeds will be used to strengthen its technology infrastructure, implement AI-driven inventory management solutions, and expand its operations in Delhi-NCR—the largest market for quick deliveries in India. Based in Gurugram, Shiplog specializes in rapid last-mile delivery for D2C and e-commerce businesses, offering 4-hour, same-day, and next-day delivery through a network of dark stores. Shiplog currently claims to process over 15,000 orders daily, and with the fresh funding, it aims to triple its MRR (monthly revenue rate) within six months. The startup’s tech-enabled delivery platform integrates inventory management, routing, and order tracking, enabling brands to reduce Return to Origin (RTO) rates and optimize delivery timelines. The company also uses electric vehicle (EV) transportation to lower logistics costs and reduce environmental impact.

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