Beej Daily Updates (16-08-2023)

Altos Radar raises $3.5M to elevate self-driving car safety

The automotive radar startup, has raised $3.5 million in seed #funding. The fresh funds will fast-track the commercialisation of 4D imaging radars in driver-assisted and autonomous vehicles. It will be used to mass-produce and market Altos Radar’s new high-performance 4D imaging RADAR Altos V1, which demonstrates revolutionary perception capabilities at a fraction of the cost of its competitors

EV fleet-as-a-service startup Bluwheelz raises $500K

New Delhi-based electric vehicle fleet-as-a-service #startup Bluwheelz has raised $500,000 in a seed funding round. With this round of funding, The startup plans to focus on expanding its presence in other parts of the country over the next six months. It also looks to invest in advanced technology and innovations, enhance its service offerings, and strengthen its #partnerships with various #stakeholders in the electric mobility ecosystem.

Freakins Raises $4 mn in Seed Funding Round

Freakins, a home-grown denim fashion brand targeting Gen Z women in India, has secured $4 million. The funds raised will be utilized to enhance the brand's omnichannel presence, expand operations, and increase consumer engagement. Freakins aims to expand its presence in other #geographical locations, invest in top talent, and introduce new product variations. Additionally, with a focus on collaborations with creators, the #company plans to launch exclusive collections tailored to its consumers' preferences.

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