VC Fund Investments
Autonomous vehicles tech startup Flo Mobility raises $400-K from DevX Venture, others
Bengaluru-headquartered Flo Mobility, a vision-based autonomous technology company, has raised USD 400,000 from DevX Venture Fund, Venture Garage Angels, Blume Founders Fund and other angels. It will use the funds for its expansion in India and foray into markets such as the US, the Middle East, Europe and East Asia. It will also be used to strengthen the company's technology, product and engineering teams. Founded in 2019 by Manesh Jain and Mohan Kumar, Flo Mobility aims to build a platform that can bring autonomous capabilities to vehicles across industries and form factors. The startup said it is deploying its stack on a range of vehicles like electric scooters, delivery bots, agri-weeders, surveillance bots, golf carts, and lawnmowers among others.
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