Electric vehicle energy solutions firm Oye Rickshaw on Monday said it has raised about $3.2 million (Rs 24 crore) from venture debt firm Alteria Capital to expand smart lithium-ion batteries swapping stations across India.
Currently, the company has 15 active battery swapping stations and it plans to expand to 650 across Delhi-NCR and five more cities by December 2021, PTI reported.
With the latest investment, the company’s total funding stands at Rs 84 crore. It had earlier mopped up Rs 60 crore from several investors, including Chiratae Ventures, Matrix Partners, Xiaomi, and Pawan Munjal group.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India from March 28-April 5, 2021.
