UrjaMobility Raises INR 100 Crore in Pre-Series A Funding
The company will use the funds for supply chain management, scale its operations and extend its pay-per-use leasing model.
October 10, 2024. By Aishwarya
The company will use the funds for supply chain management, scaling its operations, and extending its pay-per-use leasing model.
The pay-per-use leasing model allows customers to lease batteries per kilometer, offering them greater flexibility by converting traditional CapEx into Smart OpEx.
UrjaMobility aims to raise an additional INR 250 crore in the first quarter of 2025 to further strengthen its retail network and meet the rising demand for e-mobility solutions across the country.
Pankaj Chopra, Founder and CEO, UrjaMobility, said that the funding will help them strengthen their retail presence, with a specific focus on Tier II and Tier III cities.
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