Clean Electric raises Rs 48.5 Cr led by Info Edge, Pi Ventures, and Kalaari Capital

Quick Summary:

The company expects to utilise the funds raised to scale up its operations and for research and development of its products.

The company intends to use the newly raised capital to scale its annual recurring revenue (ARR) by 8-10X in the next 12 months.

Clean Electric manufactures batteries for electric two-wheelers and three-wheelers.

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Article Details

Author / Journalist: Sai Keerthi

Category: StartupsEconomyBusiness

Markets: IndiaTaiwan

Topics: Info Capital Edge Clean Scale Raised Batteries Ventures Company Gupta Electric

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 00:30:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 529 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 22438638

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