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Venture capital funding into Indian startups was in double-digit figures for the second week of June, but the ecosystem witnessed increased M&A activity.

#FundingAlert: EV tech startup Cell Propulsion raises $2 mn from existing investors Cell Propulsion website Bengaluru-based mobility and EV technology startup, Cell Propulsion has raised $2 million (over Rs 14 crore) from existing investors, the company said on Thursday. The fresh capital has been raised to expand operations, cater to the growing demand for its solutions as well as successfully execute the company's ''go-to-market strategy,'' besides development of the integrated ecosystem to accelerate the adoption of eCVs, Cell Propulsion said in a release. "Cell Propulsion (has) recently r...

Cell Propulsion to scale up manufacturing electric LCVs June 10, 2021 × Focus on service centres and distribution centres of utmost importance, says Cofounder and CEO, Nakul Kukkar Having received $2 million of fresh funding, mobility and electric vehicle technology startup, Cell Propulsion is looking to scale up manufacturing of electric light commercial vehicles (eLCV) and battery packs in their pilot assembly lines as well as expand distribution and service centres for their vehicles. Nakul Kukkar, Cofounder and CEO of Cell Propulsion said, “What we have realised so far is that focus o...

The startup will use the funding to expand operations, cater to the growing demand for its solutions, as well as to execute the company's 'go-to-market strategy,' besides the development of the integrated ecosystem to accelerate the adoption of eCVs.

MUMBAI, June 10: Bengaluru-based mobility and EV technology startup, Cell Propulsion has raised USD 2 million (over Rs 14 crore) from existing investors,