NEW DELHI : Bengaluru-based electric mobility startup, Cell Propulsion, has raised $2 million from a clutch of private equity investors, including Endiya Partners, GrowX Ventures, Huddle Accelerator and Micelio. Last September, the company raised $1 million in a pre-series A round of fundraising. With the current round, the total funds raised by the startup stood by $4 million.
Cell Propulsion builds and deploys electric light commercial vehicles and electric heavy commercial vehicles (eLCVs and eHCVs) as part of their integrated solution.
According to the company, the funding comes at a time when it is deploying eLCVs with various logistics companies for last- and middle-mile movement of cargo, while setting up its first charging station and service centre in Bengaluru.
