Electric Intercity Bus Startup ‘Fresh Bus’ Raises Over ₹87.5 Crore

Hyderabad-based Fresh Bus has raised ₹87.5 crore in a funding round led by Maniv.

Shell Ventures, Alteria Capital, and existing investor Riverwalk Holdings also participated in the Series A funding round.

Earlier, the company secured funds from CRED’s Kunal Shah, TVS Motors MD Suhardhan Venu, and Rivigo founder Deepak Garg.

Additionally, it had raised investment worth ₹16 crore from ixigo.

Fresh Bus will use the funds to expand its business by adding another 150 buses to its existing fleet and extending its services on 15 new routes.