Bengaluru-based EV Startup 'Volta Motors' Raises $50 Million in Series B Funding

Volta Motors, a promising Bengaluru-based electric vehicle startup, has successfully secured $50 million in Series B funding. The investment round was led by a consortium of venture capital firms, including Nexus Ventures and Elevation Capital, with participation from several strategic investors. This significant capital injection is earmarked to accelerate Volta Motors' research and development efforts, scale up its production capabilities for its upcoming high-performance electric motorcycle, and expand its charging infrastructure network across major Indian cities. The company, known for its focus on smart connectivity features and sustainable mobility solutions, aims to launch its flagship model by early next year. This funding round underscores the growing investor confidence in India's burgeoning EV ecosystem and the potential of indigenous startups to innovate and disrupt the market.