Indian EV startup Magenta Power raises $16m from Indian-American philanthropist

Indian EV startup Magenta Power raises $16m from Indian-American philanthropist

Source: CHUTTERSNAP/Unsplash

Magenta EV Solutions, a startup associated with developing changing devices for electric vehicles, on Thursday, announced raising 120 crore from Kiran C Patel, an Indian American cardiologist and philanthropist. In 2020, Magenta had raised a pre-series funding from JITO Angel Network and LetsVenture.

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