VoltUp raises $8 mn in funding
Mobility-as-a-Service platform and battery-swapping startup, VoltUp, on Monday said it has raised $8 million (nearly Rs70 cr) in a seed funding round, comprising equity and debt
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New Delhi: Mobility-as-a-Service platform and battery-swapping startup, VoltUp, on Monday said it has raised $8 million (nearly Rs70 cr) in a seed funding round, comprising equity and debt. The funding round was led by specialist impact investor, EM Impact Capital, the company said in a statement. VoltUp had previously raised $10 million in the pre-seed round, bringing the total fund raised to $18 million with participation from prominent Family Office, HDFC Bank, cKers, Grip Invest and GetVantage, it added. “With EM Impact Capital’s strategic backing, we are primed to accelerate our growth trajectory, electrifying India’s mobility landscape through reliable and scalable solutions,” VoltUp Founder & CEO, Siddharth Kabra said. He said the company will continue to grow its battery-swapping network to meet the surging demand for electric two and three-wheelers.
