Fresh Bus, a startup providing electric intercity bus services, secured Rs 7.5 crore in a fundraising round.
The company released a statement identifying the investors in the second seed fundraising round as Deepak Garg, the founder and CEO of Rivigo, Sudarshan Venu, the managing director of TVS Motor, and Kunal Shah, the founder and CEO of CRED.
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The funds raised from the present seed capital will be used for technology advancement, hiring more staff, and creating the conditions necessary for the business to expand quickly and improve services.
Speaking on the seed fund, Mr. Sudhakar Reddy, Founder & CEO, Fresh Bus “We remain focused on customer experience, safety, OTP (On Time Performance) & sustainability at affordable pricing. The ultimate goal is to ensure that customers readily choose sustainable modes of transportation by ensuring that our services feature the best travel experience and convenience.”
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The company will be able to use the extra cash for staff expansion and additional technological development thanks to this financial boost.
About Fresh Bus
Fresh Bus is a sustainable transport provider in addition to a tech start-up. FreshBus is a cutting-edge smart bus service that uses technology in conjunction with the best procedures and creativity to give bus passengers a comfortable, safe, and sustainable travel experience. It elevates the Indian bus journey and customer experience to the highest standards.
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