PE Fund Investments
Commercial EV maker EVage raises $28-M from RedBlue Capital
Chandigarh-based electric commercial vehicle maker EVage has raised USD 28 million from US-based venture capital firm RedBlue Capital. The seed round will allow EVage to complete its production-ready factory outside of Delhi in FY 2022-23 and scale up production. EVage has developed a platform for industry-ready electric vehicles.
From the Venture Intelligence Angel Investments Database: In Jan-20 and Aug-20, Evage Ventures raised angel funding from Anmol Nayyar, Anand Shah, and Varun Pahwa.
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