Key Points
, a full-stack EV ecosystem startup, has raised $10 million in a mix of equity and debt in a. . The round was led by 3one4 Capital, and saw participation from Saison Capital, Zephyr Peacock, Force Ventures, venture debt fund Alteria Capital and Udaan CEO Sujeet Kumar...
The startup aims at facilitating easier EV ownership for small and large businesses by offering solutions such as EV insurance, lifecycle management and EV resale...
The company's proprietary asset-underwriting algorithm and battery health analysis have helped it offer financing through a battery subscription financing model..
Vidyut's model removes EV adoption barriers, especially in the large but price sensitive driver cum owner segment," Sonal Saldanha, vice-president, Investments, 3one4 Capital..
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