Bolt.Earth, an EV infrastructure and software company has secured its funding round, of $20 million in investment.
The landmark funding round was spearheaded by a consortium of both longstanding and new investors, featuring notable names including Union Square Ventures, Prime Venture Partners, ITIGO Funds, and several others who share Bolt.Earth’s vision for a sustainable and electrified transportation ecosystem.
Bolt.Earth will use the funds for charging network expansion, product enhancement, operating system deployment, talent acquisition, and international expansion.
“Bolt.Earth offers an Operating System, a connected platform technology helping OEMs to develop, operate, and monitor their charging network and vehicles. We are also continuously expanding our charging network at a rate of approximately 2,000 new charging points per month. Additionally, we currently hold more than 50% market share in India’s EV charging network and play a dominant role in India’s EV Operating System nexus with our deployed chargers and software defined vehicles.” said Jyotiranjan Harichandan, Co-founder, Bolt.Earth.
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Mr. Mohit Yadav, Co-founder, Bolt.Earth, further commented, “We are thrilled to have the backing of visionary investors who share our passion for transforming the EV ecosystem. The current $20 million fund-raise is a part of the company’s plan to further its reach to every nook and corner of the country, and to begin the era of ‘Make in India’ EV charging infrastructure products in the global market.”
Bolt.Earth offers charging solutions for individuals, businesses, real estate companies, fleet operators, and the government.