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New Delhi, June 23: Lithium-ion battery recycling startup BatX Energies Pvt Ltd on Thursday said it has raised USD 1.6 million (Rs 12.5 crore) in a seed funding round led by JITO Angel Network. Mankind Pharma, Kamaljyot Investments, a subsidiary of Excel Industries, and Haldiram’s family offices also participated in this seed funding round, the company said in a statement. Existing investors Rohit Chanana from Sarcha Advisors and Anmol Jaggi of BluSmart Electric, also participated in the seed funding round, […]
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eBikeGo secures Rs 10.91 crore funding to accelerate EV based last-mile delivery
eBikeGo secures Rs 10.91 crore funding to accelerate EV based last-mile delivery
The company plans to scale to 30 cities, touch 20 million deliveries and save 4,000 tons of CO2 emissions by 2022.
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UPDATED: February 18, 2021 16:12 IST
eBikeGo, started in 2019 is a shared EV based last mile logistics & micro-mobility platform that aggregates last mile delivery for all prominent companies in ecommerce, food delivery, groceries & urban mobility who outsource their last mile to the company.
HIGHLIGHTS
The company plans to scale to 30 cities, touch 20 million deliveries and save 4,000 tons of emissions by 2022.
The company partners with franchisee owners, NBFCs and OEMs through asset leasing models and consistently offers more than 25 per cent internal rate of return to asset partners.