Indian EV startups Zypp Electric and BluSmart are seeking funding to expand their fleets in India and Southeast Asia. Zypp Electric secured backing from ENEOS, aiming to raise over $300 million, while BluSmart plans to increase its fleet to 13,000 vehicles by March. The companies are looking to compete with ride-hailing giants like Uber.
IAN Group is thrilled to bolster the latest $14 Mn funding round of @ZyppElectric, a valued member of the IAN Fund portfolio! This boost is part of a Series C round valuing Zypp Electric at $280 Mn. @ianetwork https://t.co/xipVzzNqOv
India’s BluSmart eyes $300m raise to take on Uber https://t.co/cYg5sv3xCo
EV ride-hailer BluSmart seeks $300 million to expand car fleet The company will increase its Indian fleet of electric vehicles — supplied by Tata Motors, BYD, SAIC Motor’s MG Motor and Stellantis NV’s Citroën — to 13,000 by March from 7,500 currently. https://t.co/a4Z1kQihES
Top Indian EV ride-hail service announces plans for $300 million funding to expand fleet.
India’s biggest electric cab operator wants to raise more than $300 million to expand its fleet in its push to take on the likes of Uber https://t.co/A6aa1fz7fs
India’s Zypp Electric nets $15m to expand EV fleet https://t.co/ugw14qgX7F
Indian EV startup Zypp Electric secures ENEOS backing to fund expansion to Southeast Asia: https://t.co/KEc18276Bj by TechCrunch #infosec #cybersecurity #technology #news
Indian EV startup Zypp Electric secures ENEOS backing to fund expansion to Southeast Asia https://t.co/fdSQdMkGZA