Electric mobility startup INDEANTA raises $150,000 in its ongoing pre series A funding round from IvyGrowth Associates and a network of Angel Investors.
The startup plans to use the funds to help talented and motivated people expand business in India and abroad.
The fund will also be used to strengthen the technology platform for on-board OEMs, to continue their leasing plans for asset-light and most importantly battery technology, V2G (vehicle to grid), With a focus on innovation and improvement. Technology) and smart charging infrastructure.
Founded in 2020 by Aaron D’souza, INDEANTA is India’s first multi-modal all electric mobility transport service provider company.
The startup claims to be in 6 states and is looking for revenue close to $2 million for this fiscal year.
“At Indeanta, we firmly believe that Electric Mobility as a Service (EMaaS) is a vastly underserved sector. The Electric Mobility space is crowded with OEMs, component suppliers and technology enablers; however, the service industry is where the change is taking place. One cannot go without the other. We are glad the investors have extended their trust, financial support and mentorship towards us. This certainly will help us achieve our ambitious plans in the pipeline,” said, Dr. Aaron D’souza, founder of INDEANTA.
“Considering the EV space growth and the In campus demand in institutes, INDEANTA will be a company to look for in the future. Dr. Aaron D’souza is one of the most passionate founders and will be leading this journey in the decade ahead,” said, Prateek Toshniwal, Cofounder, IVY Growth Associates.
India’s First In-Campus Multi-Modal All Electric Mobility Transport Service Provider.