TL;DR
EzyFleet, an Indian electric fleet management company, has secured INR 32 million in seed funding from Saffron Maple Ventures to expand its EV fleet and operations across India.
Mumbai-based electric fleet management company EzyFleet has successfully raised INR 32 million in seed funding. The investment comes from Canada-based Saffron Maple Ventures, marking a significant boost for the startup's growth ambitions.
EzyFleet currently operates a fleet of over 150 electric three-wheelers and four-wheelers across ten cities in India. The newly acquired funds are earmarked for a strategic expansion of its electric vehicle fleet, broadening its geographical presence, and scaling up its operational capabilities across the country. This investment underscores the increasing confidence in India's electric mobility sector and the potential for companies focused on fleet electrification.
