Commercial vehicle startup 91Trucks raises $5 million from Arkam Ventures, existing investors

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Commercial vehicle platform 91Trucks has raised $5 million Series A funding in a round led by early-stage venture capital firm Arkam Ventures. The round also saw existing investors Titan Capital Winners Fund (which doubled down on its investment), Sparrow Capital, and Atrium Angels participate.The funds will be used to expand 91Trucks’ product and technology capabilities, scale up its team and open over 20 retail stores to increase its offline presence, according to a statement released by the company.

Besides its core business of selling commercial…



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Commercial vehicle startup 91Trucks raises $5 million from Arkam Ventures, existing investors


Commercial vehicle platform 91Trucks has raised $5 million Series A funding in a round led by early-stage venture capital firm Arkam Ventures. The round also saw existing investors Titan Capital Winners Fund (which doubled down on its investment), Sparrow Capital, and Atrium Angels participate.The funds will be used to expand 91Trucks’ product and technology capabilities, scale up its team and open over 20 retail stores to increase its offline presence, according to a statement released by the company.

Besides its core business of selling commercial…



Source link

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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