BLive aims to raise $5 million in next 6 months
The company, having already raised under $2 million, aims to invest in technology and people to enhance its platform's capabilities.
- Republic Business
- 1 min read
BLive, a multi-brand electric vehicle platform, is gearing up to secure funding of $5 million in the next six months, according to CEO and co-founder Samarth Kholkar.
The company, having already raised under $2 million, aims to invest in technology and people to enhance its platform's capabilities. Kholkar underlined the importance of leveraging the latest technology, including blockchain, to scale up the business from 10X to 100X.
BLive aims to double its revenue to around Rs 100 crore in FY25 and achieve profitability within 12 months. The fundraising interest is reportedly strong, coming from green funds, climate tech funds in India, the US, and European markets, as well as automotive industry players.
BLive, India's first multi-brand EV platform, offers a diverse range of EV products and services through its digital platform, targeting both the Indian and international markets.
(With PTI inputs)
Published By : Anirudh Trivedi
Published On: 25 November 2023 at 11:13 IST