Other Private Equity/Strategic Investments
Energy leasing co. Urja Mobility attracts Rs.100-Cr
New-Delhi based UrjaMobility has raised INR 100 crore in its pre-Series A round led by Mufin Green Finance Ltd and Hindon Mercantile Ltd.The funds, raised through a combination of equity and debt, will be used by the energy leasing company for electric vehicles (EVs) to scale its operations and extend its pay-per-use leasing model. This will help the firm increase battery deployment across its e-mobility segment in B2B (business-to-business) and retail sectors, powering up its energy capacity from 45 megawatt-hours (MWh) to 300 MWh per day. The company is also planning to expand its retail footprint by opening new centres in Tier II and Tier III cities.The company is also aiming to raise an additional INR 250 crore in the first quarter of 2025.
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