Sources
Loading...
Additional media
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
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