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After an expected spurt during the festive season, ecommerce sales saw a larger-than-usual dip in December. This and more in todays ETtech Morning Dispatch.
Companies, across seed, early and late stages, had raised about $722 million in 30 rounds in the period from January 13 to 19 last year, as per data from Tracxn.
Alt Mobility will use the fresh capital for hiring engineering team to scale its Electric Vehicle (EV) asset management platform FleetOS, it added.
Alt Mobility has raised $6 million in funding; BuyEazzy has closed a $4.25-million round; while Jeh Aerospace has raised $2.75 million in seed funding.
The government could set aside Rs 10,000-12,000 crore for the third installment of the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme.