EV startup FreshBus raised $3.1 million in seed from ixigo

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EV startup FreshBus raised $3.1 million in seed from ixigo for launching premium inter-city electric bus services across India.

FreshBus is in charge of a full-stack platform. FreshBus announced that it will begin bus services between Hyderabad and Bengaluru with 24 electric buses. In addition, it intends to announce its first operational routes in March 2023. The electric buses, according to the startup, have noise-free air-conditioned cabins, IOT-enabled real-time air-quality and temperature monitoring, security CCTVs, personal charging docks, Wi-Fi, real-time tracking, and alcohol checks. As per a report, the country’s EV addressable market was pegged at over $220 million in 2020. The industry is projected to grow to $152.21 billion by 2030 and expand at a CAGR of 94.4% by the forecast period (2021-30).

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EV startup FreshBus raised $3.1 million in seed from ixigo

EV startup FreshBus raised $3.1 million in seed from ixigo for launching premium inter-city electric bus services across India.

FreshBus is in charge of a full-stack platform. FreshBus announced that it will begin bus services between Hyderabad and Bengaluru with 24 electric buses. In addition, it intends to announce its first operational routes in March 2023. The electric buses, according to the startup, have noise-free air-conditioned cabins, IOT-enabled real-time air-quality and temperature monitoring, security CCTVs, personal charging docks, Wi-Fi, real-time tracking, and alcohol checks. As per a report, the country’s EV addressable market was pegged at over $220 million in 2020. The industry is projected to grow to $152.21 billion by 2030 and expand at a CAGR of 94.4% by the forecast period (2021-30).

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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