EV startup Magenta Mobility raises $22 Mn from bp, Morgan Stanley to increase fleet count
Shortpedia
Content Team
Image Credit: inc42
Electric mobility startup Magenta Mobility announced that it has raised $22 Mn (about INR 180.6 Cr) in its Series A1 funding round from UK-based energy major bp and Morgan Stanley India infrastructure. Speaking with Inc42, the founder and managing director of Magenta Mobility said that the startup is planning to use the fresh funds to increase its fleet of vehicles, penetrate more cities across the country, and strengthen its overall tech stack.
