Electrifi Mobility, a business providing EV asset management and leasing, has raised INR 25 Cr in a seed investment round that includes a combination of debt and equity.
AdvantEdge Founders, Asian Development Bank (ADB) Ventures, and other investors participated in the round.
The Gurugram-based business intends to use the money to increase hiring, broaden its customer base, and accelerate the rollout of its network and asset rollout, as reported by Inc42.
The company further stated that within the following three years, it will begin using industrial EV assets valued at over Rs 500 cr.
About Electrifi Mobility
Founded in 2023 by Kunal Mundra and Nikhil Aggarwal, Electrifi is a full-stack EV asset management and leasing company that helps commercial fleets electrify.