EV company Motovolt Mobility raises Rs 16 cr in per-series A funding

The funds raised will primarily be used for new product introduction, marketing initiatives, and growing Motovolt's presence through more retail points pan India

bank, credit, growth, loans, funding, capital, cash, m&a, payment
Premium

Crystal Crop, who has access to over 35,000 retail points currently, will help increase Motovolt’s product visibility through this deal

Aryaman Gupta New Delhi
Motovolt Mobility Pvt. Ltd, an e-mobility company, has announced that it has raised Rs 16 crore in pre-series A funding led by Wami Capital, a Dubai-based single-family office. 

Other investors such as PPAP Automotive, Vikrampati Singhania of JK Family, Ankur Agarwal of Crystal Crop, Vikas Bagaria - founder of D2C company Pee Safe), and other family offices participated in this round.

The funds raised will primarily be used for new product introduction, marketing initiatives, and growing Motovolt’s presence through more retail points pan India.

Tushar Choudhary, founder and CEO, Motovolt, said, “The pre-series A funding will enable us to move

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 24 2022 | 11:21 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com