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.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Oye Rickshaw||Delhi||3.2 million||Debt||Alteria Capital||-||Transportation Services||Electric/Hybrid Vehicles|
|Meesho||Bengaluru||300 million||-||SofteBank Vision Fund 2||Prosus Ventures, Facebook Inc., Shunwei Capital, Venture Highway, Knollwood Investment||Retail||E-commerce|
|Do Your Thng||Gurugram||150,000||-||Mumbai Angels||Faad Network and Angel Bay||Marketing/Advertising||Digital Media|
|Crejo.Fun||Bengaluru||3 million (reported)||Pre-Seed||Matrix Partners India, 021 Capital||-||Education/Training||EdTech|
|Eunimart||Hyderabad||700,000||Pre-Series A||-||LetsVenture, 9Unicorns, Loyal VC, Supply Chain Labs||Retail||E-commerce|
|Circus Social||Bengaluru||1 million||Pre-Series A||Inflection Point Ventures||Ganesh Mohan, Samit Shetty, Royston Tay, Kwok Yang Bin, Srinivasan Venkita Padmanabhan||Software||Big Data|
|StashFin||Delhi||40 million||Series B||-||Altara Ventures, Uncorrelated Ventures, Integrated Capital, Kravis Investment Partners, Saison Capital, Tencent Cloud Europe BV, Alto Partners, Snow Leopard Ventures, Positive Moves||Financial Services||Fintech Lending|
|Chingari||Bengaluru||13 million||-||OnMobile||Republic Labs US, Astarc Ventures, White Star Capital, Rajat Sharma of India TV, JPIN Venture Catalysts Ltd, ProfitBoard Ventures, Raghunandan G||Internet||Social Media|
|Easebuzz||Mumbai||4 million||Seed||8i Ventures, Varanium Capital, Guild Capital||Amrish Rau, Jitendra Gupta||Financial Services||Fintech|
|Legitquest||Delhi||680,272||Pre-Series A||Info Edge, Waterbridge Ventures||Outsourcing||Research (non-medical)|