Angel Investments
EV rentals player Bluwheelz raises $500-K from Faad Network, LetsVenture, others
Noida-based rental electric vehicles operator Bluwheelz has attracted USD 500,000 in a seed funding round led by Faad Network. The round also saw participation of LetsVenture and other investors. The funds will be used by the company for geographical expansion, to invest in technology, enhance service offerings, and strengthen partnerships with stakeholders in the electric mobility ecosystem. Co-founded in 2022 by Jaspreet Dhingra, Bluwheelz offers Fleet-as-a-Service (FaaS), with an exclusive fleet of electric vehicles, aimed at addressing cost & timeline challenges for e-commerce, quick commerce and food tech industries.
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