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EV startup Cell Propulsion raises $2 million to gasoline its enlargement plans – NEWPAPER24

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EV startup Cell Propulsion raises $2 million to gasoline its enlargement plans

2021-06-10 09:44:14

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Bengaluru: Cell Propulsion, a Bengaluru-based mobility and EV know-how startup, has raised $2 million in debt and fairness from its current traders Endiya Companions, growX Ventures, Huddle Accelerator and Micelio Mobility, amongst others.
The corporate has now raised a complete of $4 million in three years of its existence. The recent funds might be used to speed up adoption of its electrical industrial autos.

“The present spherical has been finished to fulfill rising the demand for our options, increase our operations, and efficiently execute our go-to-market technique,” mentioned Nakul Kukar, co-founder and chief government, Cell Propulsion.

Based in 2017 by former Indian House Analysis Organisation (ISRO) engineers, Cell Propulsion integrates crucial attributes of electrical mobility to supply economically viable options for intracity industrial car fleets.
The most recent spherical of funding comes at a time when the EV startup is deploying electrical mild industrial autos with varied logistics firms for last- and middle-mile cargo actions. The corporate can also be organising its first charging station and repair centre in Bengaluru.

A number of firms—together with Ola Electrical, Ather Vitality and Hero Electrical—have been making an attempt to get a foothold within the electrical car house in India.

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