Magenta Mobility Raises INR 100 Cr In Pre-Series B Round

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SUMMARY

The startup has raised INR 50 Cr from its existing investors BP Tech Ventures and Morgan Stanley India Infrastructure

The remaining INR 50 Cr was raised via debt funding, the sources added

Magenta Mobility is also eyeing launching a Series B round of INR 400 Cr to INR 500 Cr in the coming months

Mumbai-based electric mobility startup Magenta Mobility has raised INR 100 Cr (about $11.5 Mn) in a mix of equity and debt in its pre-Series B round, sources told Inc42.

The startup has raised INR 50 Cr from its existing…



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Magenta Mobility Raises INR 100 Cr In Pre-Series B Round


SUMMARY

The startup has raised INR 50 Cr from its existing investors BP Tech Ventures and Morgan Stanley India Infrastructure

The remaining INR 50 Cr was raised via debt funding, the sources added

Magenta Mobility is also eyeing launching a Series B round of INR 400 Cr to INR 500 Cr in the coming months

Mumbai-based electric mobility startup Magenta Mobility has raised INR 100 Cr (about $11.5 Mn) in a mix of equity and debt in its pre-Series B round, sources told Inc42.

The startup has raised INR 50 Cr from its existing…



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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