E3 Electric.Ai Nets ₹100 Cr To Launch Electric Scooter Range

Electric mobility startup E3 Electric.Ai has raised ₹100 Cr (about $10.4 Mn) in a mix of equity and debt as part of its Series A funding round led by BluVenture Holdings, with participation from a few undisclosed angel investors. Speaking to Inc42, founder and CEO P Sanjeev said about 75% of the funding came via equity; the remainder was debt. The startup plans to use the fresh capital to accelerate product development and expand its presence across India as it gears up to commercially launch it