SmartE raises ₹100 cr from Japan’s Mitsui
- SmartE, which operates a fleet of over 1,000 electric rickshaws in Delhi-NCR, will use the funds to expand into new markets
- The five-year-old startup had raised $5 million in 2017 from Singapore’s Ecotransit Investments International Pte Ltd in a series A fundraise
MUMBAI : Treasure Vase Ventures Pvt. Ltd, the parent of SmartE, one of India’s largest electric mobility service provider, has raised ₹100 crore in series B funding from Japan’s Mitsui and Co.
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