VC Fund Investments
EV charging infra player Bolt.Earth raises $5-M led by Version One
Bengaluru-based electric vehicle (EV) charging infrastructure provider Bolt.Earth has raised USD 5 million (about INR 43.3 crore) in a Series A+ funding round led by Version One Ventures. The round also saw participation from existing investors Union Square Ventures and Prime Venture Partners.The fresh funds will be used to channel its expansion plans, along with development of LEVDC (light electric vehicle direct current) fast chargers for two and three wheelers, and DC (direct current) ultra fast chargers for four wheelers.Founded in 2017 by Jyotiranjan Harichandan and Mohit Yadav, Bolt.Earth offers electric vehicle charging solutions for businesses, individuals, real estate companies, fleet operators, and the government. The company claims to work with brands such as Bajaj, Mahindra, Ather, Piaggio, Siemens, SAP, American Express and Brigade Group.The company has also elevated its chief operating officer Raghav Bharadwaj as the chief executive officer, succeeding Jyotiranjan Harichandan.
Between Jan 2019 and Oct 2023, Bolt.Earth had raised about USD 24.45 M from ITI Growth Fund, Prime Venture Partners, Union Square Ventures and others.
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