Online multi-brand EV store BLive raises $1 mn
Online multi-brand EV store BLive has raised $1 million (around Rs 7.25 crore), as part of follow-on capital of Pre-Series A round, led by Lets Venture, Mumbai Angels, Credit Wise Capital and JITO along with some HNIs.
India sees surge adoption of electric, hybrid vehicles
Mumbai: Online multi-brand EV store BLive has raised $1 million (around Rs 7.25 crore), as part of follow-on capital of Pre-Series A round, led by Lets Venture, Mumbai Angels, Credit Wise Capital and JITO along with some HNIs.
The fresh capital raised is planned to be invested in people, processes and technology to scale up the company's presence across India, said Sandeep Mukherjee, Co-Founder and COO, BLive.
A major part of the investment will be utilised towards brand building and customer acquisition for electric vehicle (EV) marketplace, BLiveEV Store, he said. Earlier, the company had raised Rs 1 crore in seed capital, he added. Founded in 2018 by Samarth Kholkar and Sandeep Mukherjee, BLive offers experiential, guided tours on electric bikes with an aim to promote sustainable tourism in the country.
