Debt financing

Electric mobility player Battery Smart raises funding from Trifecta Capital

Mint Print Edition  

Gurugram-based battery swapping network platform for electric 2-and-3 wheelers Battery Smart has raised debt funding from venture debt firm Trifecta Capital. Battery Smart claims to enable interoperable battery swapping for 2-and-3 wheelers in under two minutes, reducing the upfront investment borne by a consumer. The debt funding comes a few months after the startup raised a pre-Series B funding round of USD 33 million (around INR 272 crore) from existing investors and new backers.

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