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Drivezy is raising $30 Mn from Shell, Middle East sovereign fund

Shortpedia

Content Team
Image Credit: shortpedia

Bengaluru-based vehicle-sharing marketplace Drivezy is in talks to raise $30 Mn in a funding round led by an undisclosed Middle East sovereign fund, along with the investment arm of UK-based international oil company Shell Global, Shell Ventures B.V. To date, Drivezy has raised $35 Mn in equity financing and $128 Mn in asset financing. The company was also said to be in talks with Zoomcar for a merger.