VC Fund Investments
EV tech co Cell Propulsion raises $2-M from Endiya Partners, growX, Huddle, Micelio
Bengaluru-based mobility and EV technology startup Cell Propulsion has raised USD 2 million (over INR 14 crore) from existing investors led by Endiya Partners, growX Ventures, Huddle Accelerator and Micelio. This brings the total funds raised by the startup to around USD 4 million. Cell will use the fresh capital to expand operations, cater to the growing demand, execute its 'go-to-market strategy' and develop an integrated ecosystem to accelerate the adoption of eCVs. Founded by Nakul Kukar, Paras Kaushal and Supratim Naskar, Cell builds and deploys electric light commercial and heavy commercial vehicles (eLCVs and eHCVs) for intra-city logistics.
From the Venture Intelligence PE-VC Deal Database: Between Sep-19 and Sep-20, Cell Propulsion had raised over $1-M from Endiya Partners, Growx Ventures, Sangam Ventures and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
Want to receive such news items in your inbox? Click Here to sign up for a trial.
