Now, EV Startup Ohm Mobility Shuts Operations

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SUMMARY

The five-year old startup failed to scale the business despite numerous pivots in its journey, its cofounder and CEO Nikhil Nair said

Ohm Mobility, founded by Nair in 2020, connected EV fleet operators, manufacturers and battery companies with banks and other financial institutions to help the former secure capital

The startup raised around INR 5 Cr in its run time from notable investors like Antler India, Blume Ventures, Catalyst Fund, and a few angel investors

Adding on to the string of startup shutdowns, EV…



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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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Now, EV Startup Ohm Mobility Shuts Operations


SUMMARY

The five-year old startup failed to scale the business despite numerous pivots in its journey, its cofounder and CEO Nikhil Nair said

Ohm Mobility, founded by Nair in 2020, connected EV fleet operators, manufacturers and battery companies with banks and other financial institutions to help the former secure capital

The startup raised around INR 5 Cr in its run time from notable investors like Antler India, Blume Ventures, Catalyst Fund, and a few angel investors

Adding on to the string of startup shutdowns, EV…



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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