Bengaluru-based EV bus startup FreshBus raises Rs 26 crore
Bengaluru-based EV bus startup FreshBus on Thursday said it has raised Rs 26 crore in a funding round from travel tech platform ixigo.
Bengaluru-based EV bus startup FreshBus on Thursday said it has raised Rs 26 crore in a funding round from travel tech platform ixigo.
The fund raised in the seed funding round will help the launch of the company's premium inter-city electric bus services across India, FreshBus said in a statement.
The company will commence its services simultaneously from Hyderabad and Bengaluru with the launch of 24 electric buses. It plans to scale up operations to over 1,000 buses pan-India in the next 2-3 years.
Click Here For Latest Updates On Stock Market | Zee Business Live
"We will offer a more environment-friendly and affordable alternative to existing inter-city public transport which is currently dominated by fossil-fuel buses," FreshBus Founder and CEO Sudhakar Reddy Chirra said.
Ixigo Co-Founder & Group CEO Aloke Bajpai and Co-Founder & Group CPTO Rajnish Kumar said the company has invested in FreshBus with a joint vision of a future where all inter-city buses in India will run on clean fuel as the current diesel-based buses are a major source of urban air pollution.
Also read- What is credit card balance transfer? How it can help you save money - Know details
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Gold and Silver rate today (May 14, 2024): Precious metals trade in green; yellow metal above Rs 72,000 once again, white metal near Rs 85,350
Top 7 Stocks to Track: This defence PSU multibagger can give 45% return; food delivery app stock likely to rise 19%
Mutual Fund SIP: Invest Rs 1000 per month to grow your corpus to over Rs 3.5 core at retirement, know calculations
07:53 AM IST