Funding Details
- Awarder
- Inbox
- Date Award
- February 26, 2025
- Vertical
- Electric Vehicles
- Funding URL
- View Funding Page
Company Info
- Founding Year
- 2021
- Traction
- Vidyut has achieved strong 15% month-on-month growth and has established long-term partnerships with major OEMs like TATA Motors and Mahindra Last Mile Mobility.
- Organizations Involved
- TATA Motors, Mahindra Last Mile Mobility, Piaggio, Euler Motors
- Founders
- Xitij Kothi, Gaurav Srivastava
- Company Description
- Vidyut is a full-stack electric vehicle (EV) ecosystem platform that offers a Battery-as-a-Service (BaaS) model, making EV ownership more accessible and cost-effective for small and medium businesses (SMBs). The company separates the battery from the vehicle and offers it on a pay-per-kilometer subscription model, significantly reducing the upfront cost of EVs.
- Market
- Battery-as-a-Service for EVs
- Location
-
India
- Coinvestors
- 3one4 Capital, Saison Capital, Zephyr Peacock, Flourish Ventures
Links