Fresh Bus Raises INR 87.5 Cr In Series A Funding

Mobility Outlook Bureau
14 Aug 2024
06:30 AM
1 Min Read

The startup will add 15 new routes and 150 e-buses to its operations.


Fresh Bus

Fresh Bus, an all-electric intercity bus startup, has secured INR 87.5 crore ($10.5 million) in its Series A funding round. The round was led by transportation-focused VC fund Maniv, with participation from Shell Ventures, Alteria Capital, and existing investor Riverwalk Holdings.

Fresh Bus, which currently operates a fleet of 20 electric buses on routes between Bengaluru-Tirupati and Hyderabad-Vijayawada, plans to use the funds to expand its network. The funding will also support scaling operations, enhancing technology, and strengthening the team.

The company aims to scale to 1,000 electric buses nationwide over the next four years, contributing to reduced emissions and creating employment opportunities.

Also Read:

Fresh Bus Launches EV Fleet On Bengaluru-Tirupati Route

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