Indeanta, the Electric mobility start-up raises $150,000 (~Rs 1.1 crore) from IvyGrowth Associates and a community of Angel Investors. The spherical was led by Prateek Toshniwal, Mehul Shah, Nine Spar, and others. The fundraise represents a bridge spherical in its ongoing pre-series A spherical.
Indeanta started its operation in December 2020 with its in-campus mobility providers. These providers embrace electrical buggies, electrical motor scooters, electrical bicycles for the in-campus commute and electrical automobiles.
Indeanta is within the technique of signing MoUs with e-commerce corporations to offer upwards of 15,000 three-wheelers and light-weight business vehicles used for deliveries throughout a number of cities in India over the following 3 Years.
Dr Aaron D’souza, the founding father of Indeanta stated, “At Indeanta, we firmly believe that Electric Mobility as a Service (EMaaS)is a vastly underserved sector. The Electric Mobility space is crowded with OEMs, component suppliers and technology enablers; however, the service industry is where the change is taking place. One cannot go without the other. We are glad the investors have extended their trust, financial support and mentorship towards us. This certainly will help us achieve our ambitious plans in the pipeline.”
Prateek Toshniwal, Co-founder, IVY Growth Associates stated, “Considering the EV space growth and the In campus demand in institutes, Indeanta will be a company to look for in the future. Dr Aaron D’souza is one of the most passionate founders and will be leading this journey in the decade ahead.”
The funds raised might be used to rent expertise to assist broaden the enterprise each in India and overseas. Part of the fund will even be used to strengthen the expertise platform, onboard OEMs with leasing plans, and deal with innovation and enhancements in battery expertise, V2G(Vehicle to grid expertise) and sensible charging infrastructure.
Source: www.financialexpress.com”