VidyutTech has raised $2.5 million in a recent funding round led by Flourish Ventures to accelerate growth in electric commercial vehicle financing. The Bengaluru-based startup aims to capture market share in a rapidly growing sector.
VidyutTech has raised $2.5 million in a recent funding round led by Flourish Ventures to accelerate growth in electric commercial vehicle financing. The Bengaluru-based startup aims to capture market share in a rapidly growing sector.
04/02/25, 1:04 AM
Location
bengaluruMoney raised
$2.5 million
Industry
financial services
Round Type
seed
Investors
Flourish Ventures
VidyutTech, an EV financing startup based in Bengaluru, recently secured $2.5 million from Flourish Ventures. The company focuses on financing electric commercial vehicles, particularly electric three-wheelers for intracity deliveries. This funding will help accelerate their growth in a sector where traditional financial institutions have yet to establish a strong presence. Founded in 2021, VidyutTech has raised a total of $17 million over multiple rounds.