Early-stage startup Evera raises $7 million in two tranches

EV Cab service provider Evera said on Thursday it has closed $7-million pre-series A funding round with investments in two tranches.

The capital will be utilised in expanding the company's offering across the national capital and expand technological advancements.

Initially the funding was led by IEG Investment Banking Group of Germany and later Direct Capital- subsidiary of Devonshire Capital of Thailand - and Westova Global of Singapore came together in the closure of this round.

The company however did not share the amount it received in each tranche.

Evera has raised $7 million in total funding till date, the company said in a statement. "We are privileged to have a strong set of prominent global investors who believe in our mission. We have already logged 10 million green kilometers in the Delhi NCR. The current investment will be utilised towards advancement of tech and expand our business to establish a bigger & stronger customer base."




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