The new age e-mobility player, Prakriti E-mobility, announced that it has secured a lead investment from Europe’s growth-focused IEG Investment Banking Group as part of its $5 million Pre-Series A funding round.
The company plans to utilise these funds to implement technological advancements, expand the EV fleet, and empanelling EV charging stations into its mobile application across India, a press release said.
Nimish Trivedi, Co-founder & CEO, Prakriti E-mobility, said, “In a short span of 2.5-years, Prakriti E-mobility has clocked eight million green KMs across Delhi NCR with highest per employee revenue earned in this segment in India. The recent funding will be utilised to make holistic upgrades to the Evera application and launch across the B2B and intercity travel segments.”
Mihir Kapoor, Managing Partner - IEG India, said, “With a firm EV policy put forth by the Centre in place, we feel this sector is ripe for exponential growth over the next few years.”
Started operations in 2019, Prakriti E-mobility is an asset-light EV cab service provider for customers across B2C and B2B segments. As of today, the company is operational in Delhi NCR through its flagship mobile application, ‘Evera.’