Homegrown EV charging and mobility solutions company Magenta Mobility has raised $40 million in its Series B funding in a mix of equity and debt, the media reported.
Backed by Microsoft’s global startup programme, the company closed $20 million in equity funding led by two global marquee investors, reports DealStreetAsia. The company raised $20 million in debt in the same round.
Magenta is aiming to expand its geographical presence in cities including Hyderabad, Chennai, Delhi and Chandigarh.
