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Electric mobility startup GreenCell looking to snag fresh funding

VCCircle

VCCircle · 1y ago

Electric mobility startup GreenCell looking to snag fresh funding

Electric mobility platform GreenCell Mobility, operated by GreenCell Express Pvt. Ltd (GEPL), is reportedly seeking fresh funding from external investors. GreenCell has already raised approximately $130 million from EverSource Capital's Green Growth Equity Fund. The startup aims to further expand in the electric vehicle (EV) market with the new funding.

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GreenCell Mobility Bags Credit Of INR 307 Cr For UP Ebus Project

Inc42 · 1y ago

GreenCell Mobility Bags Credit Of INR 307 Cr For UP Ebus Project

Indian shared electric mobility startup, GreenCell Mobility, has secured green financing of INR 307 crore ($36.7 million) from Sumitomo Mitsui Banking Corporation (SMBC) for its electric bus project in Uttar Pradesh. The project aims to deploy 9-metre fully built AC electric buses across eight cities in UP, reducing approximately 235,000 tonnes of CO2 emissions over its contract lifespan. GreenCell Mobility acquires electric buses from vendors and operates them for inter-city and intra-city travel. The funding from SMBC marks the company's first green financing from global banks.

Eversource-backed Greencell Express sinks deeper into the red on e-bus delays

VCCircle

VCCircle · 1y ago

Eversource-backed Greencell Express sinks deeper into the red on e-bus delays

Eversource-backed Greencell Express, a subsidiary of GreenCell Mobility, is facing financial difficulties due to delays in launching new electric buses. The company operates intercity electric buses under the NueGo brand. As a result, they incurred losses in the previous financial year.

Str8bat, Oncare, Zevo, Secret Alchemist snag early-stage funding

VCCircle

VCCircle · 9m ago

Str8bat, Oncare, Zevo, Secret Alchemist snag early-stage funding

- Sports technology company Str8bat secures $3.5 million in Series A funding led by Exfinity Venture Partners - Cancer-care startup Oncare raises $1 million in seed funding led by Huddle Ventures to expand operations and provide affordable cancer care solutions - Electric vehicle mobility platform Zevo raises $2 million in pre-Series A funding to deploy electric vehicles and develop fulfillment centers - Aromatherapy-based wellness brand Secret Alchemist secures $500,000 in seed funding led by Inflection Point Ventures and appoints actress Samantha Prabhu as co-founder - Zevo aims to raise an additional $20 million by January 2025 to have 200,000 electric vehicles on the road by 2030

It'll help us improve: SpaceX as Starship's 2nd test flight fails

Twitter · 1y ago

It'll help us improve: SpaceX as Starship's 2nd test flight fails

The parent company’s name has now been changed to Ola Electric Mobility Limited from Ola Electric Mobility Private Limited. The startup, as per previous reports, is looking at a public listing in 2024 and will now file its draft red herring prospectus (DRHP) with the market regulator, SEBI.

Fresh Bus, Fashor, Kazam, MiClient, others raise early-stage funding

VCCircle

VCCircle · 11m ago

Fresh Bus, Fashor, Kazam, MiClient, others raise early-stage funding

Fresh Bus, Fashor, Kazam, MiClient, EyeROV, and Ziptrrip have all recently raised early-stage funding. Fresh Bus, an electric intercity bus startup, secured Rs 87.5 crore in its series A funding round. Kazam, an e-mobility enabler, raised $8 million in its series A3 funding round. Fashor, a contemporary ethnic wear brand, received $5 million in funding. EyeROV, a marine robotics deeptech startup, raised Rs 10 crore in a pre-series A round. MiClient, an AI-driven B2B sales enablement platform, secured Rs 3.9 crore in seed funding. Finally, Ziptrrip, an AI-powered corporate travel and expense management platform, closed its pre-seed funding round with Rs 2 crore.

Exclusive: Cleantech Startup Kazam To Raise $5 Mn From Vertex Ventures, Others

Inc42 · 11m ago

Exclusive: Cleantech Startup Kazam To Raise $5 Mn From Vertex Ventures, Others

Electric mobility startup Kazam has raised an undisclosed amount of funding in its latest round. The funding was led by Avaana Climate Fund, with participation from Avaana Capital and Chakra India Growth Fund. Kazam offers hardware and software solutions for electric mobility, including charging infrastructure and fleet management. This comes after the startup raised $3.6 million in funding in May 2021, also led by Avaana Climate Fund.

EKA Mobility Gets Second Tranche Of INR 200 Cr From Japan’s Mitsui

Inc42 · 1y ago

EKA Mobility Gets Second Tranche Of INR 200 Cr From Japan’s Mitsui

EKA Mobility recently secured fresh capital to support its manufacturing operations, product portfolio expansion, and meet its capex and working capital requirements. The funding is part of an agreement signed with Mitsui and VDL Groep, aiming for joint investments totaling $100 million. EKA Mobility, established in 2022, specializes in the production of electric buses and small commercial vehicles.

Electric mobility startup Yulu raises Rs 25Cr debt from Northern Arc

IndianStartupNews

IndianStartupNews · 1y ago

Electric mobility startup Yulu raises Rs 25Cr debt from Northern Arc

Electric mobility startup, Yulu, has secured Rs 25 crore in debt funding from Northern Arc Capital. The funding was raised through the issuance of non-convertible debentures, with each debenture priced at Rs 1,00,000. Yulu aims to enhance urban mobility solutions and offers last-mile connectivity through its network of electric bikes and battery swapping facilities. The startup had previously raised $82 million in a Series B equity funding round and has strategic partnerships with Bajaj Auto and Magna International.

Fresh Bus raises INR 43.9 Cr, closes series A at INR 87.5 Cr

Inshorts · 11m ago

Fresh Bus raises INR 43.9 Cr, closes series A at INR 87.5 Cr

Bengaluru-based inter-state electric bus service provider Fresh Bus has raised an additional INR 43.9 Cr (about $5.2 Mn) in its Series A funding round led by Maniv Mobility. The round also saw participation from Shell Ventures, Alteria Capital and existing investor Riverwalk Holdings.

Hala Mobility, Mihup, Viraa Care bag early-stage cheques

VCCircle

VCCircle · 8m ago

Hala Mobility, Mihup, Viraa Care bag early-stage cheques

EV-as-a-Service startup Hala Mobility, conversation intelligence platform Mihup, and health-tech startup Viraa Care have secured early-stage funding. Hala Mobility raised INR 51 crore ($6.8 million) in pre-Series A funding to expand its electric vehicle fleet and footprint in India. Mihup secured INR 50 crore ($6.7 million) to accelerate its growth and enter new markets. Viraa Care raised $108,000 in pre-seed funding to develop a comprehensive childcare system focused on infant nutrition.

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