Capital A Launches $10 Million Fund For EV Ecosystem
Capital A launches USD 10 million cleantech fund to be utilized for electric vehicle funding and battery charging start-ups. Capital A is THE startup for startups, a venture fund for seed […] The post Capital A Launches $10 Million Fund For EV Ecosystem appeared first on EMobility+.
Capital A launches USD 10 million cleantech fund to be utilized for electric vehicle funding and battery charging start-ups. Capital A is THE startup for startups, a venture fund for seed to early-stage meaningful startups. The funding will boost the adoption of electric vehicles in India.
“What is needed now is funding support to promising EV OEM (original equipment manufacturer) start-ups as well as companies involved in building charging, battery management, and battery technologies segments.”
“We have launched the fund after having developed an active thesis and forging industry partnerships that enabled us to gain deep insights into the Indian EV market, and we aim to back founders building impactful start-ups,” said Capital A founder Ankit Kedia.
Capital A is also looking for partnerships with academic institutions and encourage EV adoption. The company was divested to Advent International in 2018.
The post Capital A Launches $10 Million Fund For EV Ecosystem appeared first on EMobility+.
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