Bolt sets the EV startup world on fire - Bolt. Earth Raises $20 Mn to Accelerate EV Charging Infrastructure

In a major boost to the electric vehicle (EV) ecosystem in India, EV charging infrastructure startup Bolt. Earth has raised $20 million in funding led by Union Square Ventures, Prime Venture Partners, and ITIGO Funds. The company plans to use the funds to expand its charging network, enhance its products, and develop its operating system.

Bolt. Earth is one of the leading EV charging infrastructure providers in India, with a network of over 10,000 charging points across the country. The company offers a wide range of charging solutions for individuals, businesses, real estate companies, fleet operators, and government entities.

The company's flagship product, the Bolt. Earth LEVAC, is a Level 2 and 3 EV charger that can charge EVs in as little as 30 minutes. The company also offers a range of other products and services, such as smart charging solutions, charging management software, and energy storage solutions.

The funding round comes at a time when the EV market in India is multiplying. The government of India has set ambitious targets for EV adoption and is investing heavily in the development of EV charging infrastructure.

Bolt. Earth's funding round is a testament to the company's strong growth potential and its commitment to building a sustainable and electrified transportation ecosystem in India. The company's expansion plans are likely to accelerate the adoption of EVs in India and make EV ownership more convenient and affordable for consumers.

Here are some of the things that make Bolt. Earth's funding round so exciting:

• The company is backed by some of the leading investors in the global startup ecosystem, including Union Square Ventures.
• Bolt. Earth is one of the leading EV charging infrastructure providers in India, with a wide range of products and services.
• The company's funding round comes at a time when the EV market in India is growing rapidly.
• Bolt. Earth's expansion plans are likely to accelerate the adoption of EVs in India and make EV ownership more convenient and affordable for consumers.

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