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Home Technology Startups

Drivezy Is Raising $30 Mn From Shell, Middle East Sovereign Fund

September 20, 2020
Drivezy Is Raising $30 Mn From Shell, Middle East Sovereign Fund

While Middle East sovereign fund is in the final stages of closing the deal, Shell Global has already closed it

To date, Drivezy has raised $35 Mn in equity financing and $128 Mn in asset financing

The company was also said to be in talks with Zoomcar for a merger

Exclusive: Drivezy Close To Raising $30 Mn Round From Mubadala, Shell Global

(Image Source: Entrepreneur India)

Bengaluru-based vehicle-sharing marketplace Drivezy is in talks to raise $30 Mn in a funding round led by an undisclosed Middle East sovereign fund, along with the investment arm of UK-based international oil company Shell Global, Shell Ventures B.V.

The company’s cofounder Ashwarya Pratap Singh has denied the report. However, people aware of the matter told Inc42 that the deal between Drivezy and Shell Global has already closed. Meanwhile, the sovereign fund is in the final stages of closing the deal. Several middle eastern funds are eyeing Drivezy as it is looking to expand in the…

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