River Mobility Raises $120 Million in Series C to Expand Electric Two-Wheeler Business
Electric two-wheeler manufacturer River Mobility has raised $120 million in a Series C funding round comprising equity and venture debt, marking one of the largest private funding rounds in India’s electric two-wheeler sector. The equity round was led by Elev8 Venture Partners and Claypond Capital, with participation from Singularity AMC, Anicut Capital, 360 ONE Asset, […]
Matel Raises ₹130 Crore in Series B Led by UC Impower
Pune-based Matel Motion & Energy Solutions has raised ₹130 crore (around $15 million) in a Series B funding round led by UC Impower. The round also saw Catamaran join as a new investor, while existing backer Transition VC participated in the financing. The fresh capital will help the electric mobility technology company expand its manufacturing […]
RoadGrid Secures ₹13 Crore from TDB to Expand EV Charger Manufacturing
EV charging technology startup RoadGrid has secured ₹13 crore in financial assistance from the Technology Development Board (TDB) under the Department of Science and Technology (DST) to support a ₹27.5 crore manufacturing project. The funding will help the company establish a dedicated manufacturing and assembly facility for its patented Universal EV Charger, strengthening India’s domestic […]
Omega Seiki Mobility Raises ₹50 Crore to Expand Commercial EV Business
Electric commercial vehicle manufacturer Omega Seiki Mobility (OSM) has raised ₹50 crore in a funding round from Securocorp Securities, Sangeeta Pareekh, Saket Aggarwal Family Office, and Vanshika Sharma. The fresh capital will be used to expand manufacturing capacity, strengthen research and development (R&D), enhance its nationwide sales and service network, and accelerate the launch of […]
TOCAL Raises ₹9 Crore Seed Funding to Expand EV Logistics Network
XB Group Leads Investment as TOCAL Targets 20,000 EVs and 75 Fulfillment Centres Electric vehicle (EV) fleet and fulfillment infrastructure startup TOCAL has raised ₹9 crore in a seed funding round led by XB Group, the parent company of K-Indev Logistics. The round also saw participation from Navyug Global Ventures and Nivetha Muralidharan. The fresh […]