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TriGo Electric secures INR 40 lakhs in angel cum strategic equity funding

Startup News FYI · 1y

TriGo Electric, an EV as a Service startup based in Noida, has raised INR 40 lakhs in angel cum strategic equity funding from Ajinkya Firodia, the Managing Director of Kinetic Group. The funding was secured through their participation in the world's first OTT angel investment show called 'Indian Angels' on JioCinema. TriGo Electric plans to utilize the funds to expand their business operations, increase fleet size, strengthen their tech platform, and focus on research and development. The startup aims to revolutionize last-mile deliveries in India through its tech-enabled EV-as-a-Service platform.