EV startup Cell Propulsion raises pre-Series A funding led by growX, Micelio, Endiya Partners

Electric vehicle (EV) startup Cell Propulsion has raised an undisclosed amount in a pre-Series A funding round led by growX ventures and Micelio. Existing investor Endiya Partners.The funds will be used to start deploying powertrains for electric trucks and electric buses with fleet operators, and large ecommerce and logistics providers.

Cell Propulsion is working on developing integrated electric powertrains for electric buses and electric LCVs. It has also been a part of the EV accelerator program by Huddle, a leading accelerator for early-stage companies in India.

Micelio founder and director Shreyas Shibulal said, “As ecommerce deliveries continue to surge and with multiple state-level electric vehicle policies aimed at faster adoption of EVs announced recently, Cell Propulsion is well-placed to accelerate the electrification of commercial vehicles in India by reducing the capital and operational expenditure of logistics and public transportation fleets.”

27 views0 comments