{"id":461835,"date":"2022-01-15T09:21:39","date_gmt":"2022-01-15T03:51:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=461835"},"modified":"2022-01-15T09:53:58","modified_gmt":"2022-01-15T04:23:58","slug":"indian-mobility-tech-startup-evage-raises-28-mn-from-us-based-vc-firm","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-mobility-tech-startup-evage-raises-28-mn-from-us-based-vc-firm\/","title":{"rendered":"Indian mobility tech startup EVage raises $28 mn from US-based VC firm"},"content":{"rendered":"<p>Indian all-electric commercial original equipment manufacturer (OEM) EVage on Friday said it has raised $28 million from US-based venture capital firm RedBlue Capital.<\/p>\n<p>Founded in 2014, Evage in India is supplying EV trucks to major delivery fleets such as Amazon India&#8217;s Delivery Service Partner. <\/p>\n<p>The seed-round funding will help the mobility tech startup complete its production-ready factory outside of Delhi in FY2022-23 and scale up production, said the startup. <\/p>\n<p>&#8220;When we pioneered our highly adaptive and modular multi-vehicle platform in 2014, it was a journey into the unknown. The success of new global OEMs and their impact on electrifying transport in the US and Europe is a testament to what we can do in India and other price-sensitive countries,&#8221; said Inderveer Singh, Founder and CEO, EVage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian all-electric commercial original equipment manufacturer (OEM) EVage on Friday said it has raised $28 million from US-based venture capital firm RedBlue Capital. Founded in 2014, Evage in India is supplying EV trucks to major delivery fleets such as Amazon India&#8217;s Delivery Service Partner. The seed-round funding will help the mobility tech startup complete its production-ready factory outside of Delhi in FY2022-23 and scale up production, said the startup. &#8220;When we pioneered our highly adaptive and modular multi-vehicle platform in 2014, it was a journey into the unknown. The success of new global OEMs and their impact on electrifying transport [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-461835","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/461835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=461835"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/461835\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=461835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=461835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=461835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}