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).