Electric mobility tech platform MoEVing raised $2.5 million from JSW Ventures

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Electric mobility tech platform MoEVing raised $2.5 million from JSW Ventures. The funds will be used by the company to further strengthen its electric mobility platform for driver partners across India.

The capital raised will also be used to support the company’s expansion across multiple cities in India, as well as to build a team across functions with a strong emphasis on technology, according to a statement from the company. The latest round of funding brings MoEVing’s total funding to $10 million. The company has a presence in 15 cities and operates 1,500 electric vehicles, including two- and three-wheelers. The company has established over 30 multi-modal charging hubs across the country and has formed partnerships with financial institutions to directly finance individual drivers.

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Electric mobility tech platform MoEVing raised $2.5 million from JSW Ventures

Electric mobility tech platform MoEVing raised $2.5 million from JSW Ventures. The funds will be used by the company to further strengthen its electric mobility platform for driver partners across India.

The capital raised will also be used to support the company’s expansion across multiple cities in India, as well as to build a team across functions with a strong emphasis on technology, according to a statement from the company. The latest round of funding brings MoEVing’s total funding to $10 million. The company has a presence in 15 cities and operates 1,500 electric vehicles, including two- and three-wheelers. The company has established over 30 multi-modal charging hubs across the country and has formed partnerships with financial institutions to directly finance individual drivers.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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