EV aggregator LetsTransport raises $25 million from Bertelsmann, others

Commercial electric vehicle aggregator LetsTransport announced on Friday it has secured $25 million in a funding round. The proceeds from the fresh round will be utilised to expand the company’s market presence and reach profitability, it said.

The latest round was led by the existing long-term investment partner, Bertelsmann India Investments (BII), which pumped in $20 million, LetsTransport said.