Venture Intelligence (TSJ Media Pvt. Ltd.)
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AdvantEdge launches third fund to invest $100-M in EV startups
AdvantEdge, an mobility sector focused venture capital fund, has launched its third fund targeting to raise USD 80-100 million. Through Fund III, the firm intends to make a substantial investment in companies that specialize in decoupling the battery from an electric vehicle - an approach that is expected to lead to making EVs more accessible. The firn's existing limited partners, Motherson Group and the Hero Motocorp family office, will also invest in Fund III. AdvantEdge has invested around USD 50 million across 30 deals via its first and second funds. Its portfolio of companies includes Rapido, Zingbus, Exponent Energy, Grip Invest, Chalo, and Electorq.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.