Total amount raised
$16.4 Million
Latest funding date
02/01/2025
Location
Vidyut has successfully raised funding through five rounds, with Flourish Ventures and Alteria Capital among its most recent investors. The company specializes in providing flexible financing solutions and assured resale options for small commercial electric vehicles.
Keep reading to explore the intricacies of Vidyut's fundraising journey and the investors backing this innovative platform.
What Is Vidyut?
Vidyut is a private company based in Bangalore, Karnataka, India, specializing in the automotive, electric vehicle, and financial services industries. The company provides flexible financing solutions and assured resale options for small commercial electric vehicles.
With an employee count ranging from 101 to 250, Vidyut has successfully raised funding through multiple rounds, the latest being a Venture - Series Unknown round. The company is known for its innovative approach in the EV sector, contributing to its growth and market presence.
How Much Funding Has Vidyut Raised?
- Seed Round
- Amount Raised: USD 4,000,000
- Date: December 2022
- Lead Investors: Force Ventures, Shastra VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch Vidyut's initial EV financing solutions.
- Series A
- Amount Raised: USD 10,000,000
- Date: February 2024
- Lead Investors: 3one4 Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market presence.
- Debt Financing
- Date: February 2024
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational expenses and growth initiatives.
- Series Unknown
- Amount Raised: USD 2,500,000
- Date: February 2025
- Lead Investors: Flourish Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Battery-as-a-Service offerings in both passenger and commercial EV segments.
Total Amount Raised: USD 16,500,000. Current Valuation: Not publicly disclosed.
Key Investors
- Flourish Ventures
- Details: Flourish Ventures is a global fintech investor managing around $850 million in assets. Harsh Gupta, a principal at Flourish Ventures, has been actively involved in Vidyut's funding rounds.
- Investment Focus Areas: Fintech, innovative financial solutions, sustainable solutions.
- Notable Investments: Indifi, M2P Fintech, Vidyut.
- 3one4 Capital
- Details: 3one4 Capital is a venture capital firm that invests in early-stage startups. They led Vidyut's $10 million Series A round in February 2024.
- Investment Focus Areas: Early-stage technology companies, innovative and sustainable technologies.
- Notable Investments: Not explicitly mentioned in the sources.
- Force Ventures
- Details: Force Ventures is one of the key investors in Vidyut's seed round. They focus on supporting innovative startups in various sectors.
- Investment Focus Areas: Not explicitly mentioned in the sources.
- Notable Investments: Not explicitly mentioned in the sources.
- Shastra VC
- Details: Shastra VC participated in Vidyut's seed round. They are known for investing in early-stage companies with high growth potential.
- Investment Focus Areas: Not explicitly mentioned in the sources.
- Notable Investments: Not explicitly mentioned in the sources.
- Zephyr Peacock
- Details: Zephyr Peacock is a private equity firm that invests in growth-stage companies. They have contributed to Vidyut's total capital raise.
- Investment Focus Areas: Growth-stage companies, scalable business models.
- Notable Investments: Not explicitly mentioned in the sources.
What's Next for Vidyut?
Vidyut is poised to capitalize on the burgeoning electric vehicle market by expanding its Battery-as-a-Service (BaaS) offerings across both passenger and commercial segments. This innovative model, which reduces upfront vehicle costs by up to 40%, positions Vidyut to attract a broader customer base and strengthen its market presence. Strategic partnerships with major automotive players like JSW MG Motor India further enhance its growth prospects.
As Vidyut scales its operations, future fundraising opportunities are likely to arise. The company's proven ability to secure significant investments, such as the recent $2.5 million from Flourish Ventures, indicates strong investor confidence. This financial backing will be crucial as Vidyut continues to innovate and expand its services.
However, challenges remain. Vidyut must navigate the complexities of battery degradation and lifecycle management while competing with traditional financing models and other EV startups. Ensuring the scalability of its solutions across diverse vehicle segments and geographies will be essential for sustained growth.
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