{"id":461940,"date":"2022-01-15T10:35:59","date_gmt":"2022-01-15T05:05:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=461940"},"modified":"2022-01-15T11:53:23","modified_gmt":"2022-01-15T06:23:23","slug":"ev-startup-evage-raises-28-million-from-redblue-capital-others","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ev-startup-evage-raises-28-million-from-redblue-capital-others\/","title":{"rendered":"EV startup EVage raises $28 million from RedBlue Capital, others"},"content":{"rendered":"<p>Bengaluru: EVage, an all-electric commercial vehicle startup, has raised $28 million in a seed funding round led by US-based venture capital firm RedBlue Capital. The company said it will use the fund to build a factory outside Delhi, where it will start making its maiden product, Model.X, in the next fiscal year.<\/p>\n<p>Model.X is a one-tonne truck designed for the commercial delivery vehicle market. EVage plans to launch the vehicle in 2022, founder Indraveer Singh told ET. The Mohali-based company said it has developed a vehicle platform that exceeds the quality of comparable options in India and other emerging markets\u2014that too at a lower cost. A vehicle platform is the structure which a vehicle is built on. The same platform is often shared among several models.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bengaluru: EVage, an all-electric commercial vehicle startup, has raised $28 million in a seed funding round led by US-based venture capital firm RedBlue Capital. The company said it will use the fund to build a factory outside Delhi, where it will start making its maiden product, Model.X, in the next fiscal year. Model.X is a one-tonne truck designed for the commercial delivery vehicle market. EVage plans to launch the vehicle in 2022, founder Indraveer Singh told ET. The Mohali-based company said it has developed a vehicle platform that exceeds the quality of comparable options in India and other emerging markets\u2014that [&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":[130,239,136],"tags":[],"class_list":["post-461940","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/461940","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=461940"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/461940\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=461940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=461940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=461940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}