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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