Vidyut (VT), an electric vehicle ecosystem startup, has raised $10 million in its Series A fundraise, led by 3one4 Capital. The round also witnessed participation from new and existing investors, namely Saison Capital, Zephyr Peacock, Force Ventures, Alteria Capital, and Udaan co-founder Sujeet Kumar. The Series A round is a mix of equity and debt funding.
This funding would help Vidyut improve its efforts towards EV ownership for small and medium-sized businesses (SMBs) and aligning with India’s transition towards clean energy. The startup will utilise the new funds to scale its offerings to the EV ecosystem. Vidyut will now offer EV insurance, lifecycle management, and EV resale, with an aim to simplify the entire EV ownership experience.
