Clean Motion's Indian Arm Raises $1M in Seed Funding for Manufacturing Plant Setup
Amount Raised
$1 Million
Round Type
Seed
Investors
Description
Clean Motion's Indian arm has raised $1M in seed funding from India Accelerator-backed micro venture capital (VC) firm Finvolve. The funds will be used to set up a dedicated manufacturing facility in Pune, scale up operations, expand the team, and establish an EV charging infrastructure in India. The company also plans to raise a Pre-Series round of $3M to $5M early next year.
Quick answer
Clean Motion raised $1 Million in a Seed round, dated June 11, 2024. Investors: Finvolve and India Accelerator.
- How much did Clean Motion raise?
- Clean Motion raised $1 Million in a Seed round on June 11, 2024.
- Who invested in Clean Motion?
- Finvolve and India Accelerator are named as investors in this round.
- What does Clean Motion do?
- Clean Motion AB is a Swedish company that specializes in manufacturing electric vehicles and components.
- Who are the decision-makers at Clean Motion?
- Fundz holds 1 contact at Clean Motion. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and Automotive around the same time
Companies in the same sectors as Clean Motion that raised within 45 days of this round, from Fundz verified event records.
- Duos Technologies raised $2.2M on July 22, 2024.
- Momentus raised an undisclosed amount (Convertible Note) on July 18, 2024.
- eLstar Dynamics raised $2.2M (Series A) on July 16, 2024.
- VerdeGo Aero raised $2M on July 12, 2024.
- Archer Aviation raised $55M on July 2, 2024.
- Fastned raised $35M (Funding Round) on June 25, 2024.
Who to call at Clean Motion, and when
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- An alert the day Clean Motion raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Clean Motion, from your own LinkedIn network
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Related People
Clean Motion raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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