Private Equity 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.
Company website ↗ (opens in a new tab)
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.