Fresh Bus will utilise the new funds to add 15 routes and deploy 150 new electric buses.
13 Aug 2024 | 3783 Views | By Autocar Pro News Desk
Fresh Bus has raised Rs 87.5 Crore in Series A funding, led by VC fund Maniv, with participation from Shell Ventures, Alteria Capital, and existing investor Riverwalk Holdings.
The intercity bus startup, which has earlier raised Rs 16 crore from ixigo, will use the latest funds to scale its operations, ...
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Fresh Bus has raised Rs 87.5 Crore in Series A funding, led by VC fund Maniv, with participation from Shell Ventures, Alteria Capital, and existing investor Riverwalk Holdings.
The intercity bus startup, which has earlier raised Rs 16 crore from ixigo, will use the latest funds to scale its operations, enhance its technological capabilities, and strengthen its strategic team to drive growth. It will also be used to expand its route network by adding 15 new routes and launching 150 e-buses soon.
“Fresh Bus is demonstrating that the wide-scale decarbonisation of transportation is not a promissory burden but an already lucrative economic opportunity,” said Nate Jaret, partner at Maniv Mobility.
Sudhakar Chirra, Founder and CEO of Fresh Bus said. “We expect to scale to 1000 electric buses pan-India over the next four years, generate skilled employment opportunities for thousands of people and offer a green alternative for mass road transportation.”