Bengaluru-based mobility and EV technology startup, Cell Propulsion has raised USD 2 million (over Rs 14 crore) from existing investors, the company said on Thursday. The fresh capital has been raised to expand operations, cater to the growing demand for its solutions as well as successfully execute the company’s ‘go-to-market strategy,’ besides development of the integrated ecosystem to accelerate the adoption of eCVs, Cell Propulsion said in a release.
“Cell Propulsion (has) recently raised funding of USD 2-million in both debt and equity in a growth round from existing investors. Endiya Partners, growX Ventures, Huddle Accelerator and Micelio were the key investors in this round,” the startup said.
