Debt financing
Electric mobility player Battery Smart raises funding from Trifecta Capital
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.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
