Bolt.Earth, a Bangalore, India-based EV infrastructure and software company, secured $20 million in funding.
SaaS Investors
The investment was from a consortium of investors, including Union Square Ventures, Prime Venture Partners, ITIGO Funds, and others.
Founded in 2003, Union Square Ventures is a venture capital firm based in New York, New York. The firm prefers to invest in seed-stage, early-stage, and later-stage companies.
Prime Venture Partners is a venture capital firm that prefers to invest in consumer, B2B, SaaS, web3, education, fintech, healthcare, logistics, mobility, and gaming sectors. Founded in 2011 and is based in Bengaluru, India.
Bolt.Earth Use of Funds
The company will use the funds as follows: Charging Network Expansion, Product Enhancement, Operating System Deployment, Talent Acquisition, and International Expansion.
Bolt.Earth's ambitious agenda is to extend its presence beyond existing markets, catalyzing the uptake of electric vehicles in Asia, Europe, South America, and Latin America.
About Bolt.Earth
Bolt.Earth is a company that focuses on building EV charging infrastructure and software solutions to support the growth of electric vehicles in India and beyond. Bolt.Earth offers charging solutions for individuals, businesses, real estate companies, fleet operators, and the government.
Funding Details
Company: RevosAuto Tech Private Limited
Raised: $20.0M
Round: Unknown
Funding Month: October 2023
Lead Investors: Union Square Ventures, Prime Venture Partners, ITIGO Funds
Additional Investors:
Company Website: https://bolt.earth/
Software Category: Charging Solutions
Source: https://www.businesswire.com/news/home/20231003805034/en/