EV financing startup Vidyut raises $2.5 million from Flourish Ventures

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Electric vehicle (EV) financing startup Vidyut has raised $2.5 million from US-based venture capital firm Flourish Ventures.The Bengaluru-based company plans to use the fresh capital to expand its Battery-as-a-Service (BaaS) offerings across the passenger and commercial EV segments.

This follows a $10 million funding round led by 3one4 Capital in February 2024. Vidyut has now raised over $16.5 million to date.

Founded in 2021 by ex-Swiggy and Bounce executives Xitij Kothi and Gaurav Srivastava, Vidyut offers a full-stack ecosystem for commercial and…



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EV financing startup Vidyut raises $2.5 million from Flourish Ventures


Electric vehicle (EV) financing startup Vidyut has raised $2.5 million from US-based venture capital firm Flourish Ventures.The Bengaluru-based company plans to use the fresh capital to expand its Battery-as-a-Service (BaaS) offerings across the passenger and commercial EV segments.

This follows a $10 million funding round led by 3one4 Capital in February 2024. Vidyut has now raised over $16.5 million to date.

Founded in 2021 by ex-Swiggy and Bounce executives Xitij Kothi and Gaurav Srivastava, Vidyut offers a full-stack ecosystem for commercial and…



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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