FreshBus secures a Promising ₹87.5 crore in Triumph Funding.
Bengaluru-based electric bus startup FreshBus is hitting top gear as it announces a serious INR 87.5 crore Series A funding round (USD 10.5 million). Maniv, a global venture capital firm, led the investment round, while Shell Ventures, Alteria Capital, and existing investor Riverwalk Holdings co-invested.
Full Speed Ahead: Expansion Plans on the Horizon
On the heels of raising funds recently, the company is primed for fast-tracked growth. Moreover, the capital infusion will power the ambitious expansion plans to amplify its network of electric buses across India.
Specifically, FreshBus is going to increase the number of routes by 15 and add 150 more electric buses. However, this will help more people access its services and cement the startup’s lead in intercity sustainable transport. Expansion into new cities allows FreshBus to offer more passengers a convenient and eco-friendly way to travel.
FreshBus: A Rising Star in India’s Intercity Bus Market
The company is making good inroads into the Indian intercity bus market. Indeed, it has already touched an excellent milestone of carrying more than four lakh passengers with an amazing 95% On-Time Performance. Moreover, this consistency in delivering quality service positioned the company as a trusted and reliable choice among travelers.
The outlook for the company is to dominate the industry. However, the company looks at the expansion of the network countrywide to offer convenient, sustainable transport solutions to more people. With innovation, customer satisfaction, and environmental responsibility at the core of its operations, FreshBus stands in good stead to achieve its lofty ambitions.
This funding marks a significant step forward in our journey to revolutionize intercity travel in India with our all-electric, digital-first bus services. Huge thanks to our investors for believing in our vision
Sudhakar Chirra, Founder & Chief Electric Officer, FreshBus.