VC Fund Investments
EV-financing startup Vidyut raises $10-M led by 3one4 Capital
Bengaluru-based commercial electrical vehicle financing platform Vidyut has raised USD 10 million in a Series A equity and debt funding round led by ?3one4 Capital?, with participation from existing investors ?Saison Capital?, ?Zephyr Peacock India?, ?Force Ventures?, venture debt firm ?Alteria Capital?, and ?Udaan? CEO Sujeet Kumar.The startup , founded in 2021 by Gaurav Srivastava and Xitij Kothi, will use the new funds to launch EV insurance, as well as expand into new geographies beyond the current 40 cities.
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