The round saw participation from Maniv Mobility, Shell Ventures, Alteria Capital and existing investor Riverwalk Holdings.
The startup plans to use the fresh capital to scale up its bus fleet by launching 150 e-buses and expand its route network by adding 15 new routes.
Besides, it will use the funds to boost its operations, enhance its technological capabilities and strengthen its strategic team to drive growt
Bengaluru-based inter-state electric bus service provider Fresh Bus has raised an additional INR 43.9 Cr (about $5.2 Mn) in its Series A funding round led by Maniv Mobility.
The round also saw participation from Shell Ventures, Alteria Capital and existing investor Riverwalk Holdings.
With this, the startup has closed its Series A round at INR 87.5 Cr (around $10.4 Mn). Last month, Inc42 reported Fresh Bus had raised INR 43.7 Cr in its ongoing Series A round.
The startup plans to use the fresh capital to scale up its bus fleet by launching 150 e-buses…
