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Fresh Bus raised $10.5 million in a Series A round led by Maniv to expand its operations with additional routes and electric buses.

PRIVATEAug 13, 2024

Amount Raised

$10.5 Million

Round Type

Series A

BengaluruTransportationTravel

Investors

Riverwalk HoldingsAlteria CapitalShell VenturesManiv

Description

Fresh Bus has secured Rs 87.5 crore ($10.5 million) in Series A funding to add 15 routes and deploy 150 new electric buses. The funding round was led by Maniv with participation from Shell Ventures, Alteria Capital, and Riverwalk Holdings.

Quick answer

Fresh Bus raised $10.5 Million in a Series A round, dated August 13, 2024. Investors: Riverwalk Holdings, Alteria Capital, Shell Ventures and Maniv. Fresh Bus is based in Bengaluru, Karnataka, India.

How much did Fresh Bus raise?
Fresh Bus raised $10.5 Million in a Series A round on August 13, 2024.
Who invested in Fresh Bus?
Riverwalk Holdings, Alteria Capital, Shell Ventures and Maniv are named as investors in this round.
What does Fresh Bus do?
Fresh Bus is an all-electric intercity bus startup that aims to revolutionize transportation with electric buses.
Where is Fresh Bus based and how big is it?
Fresh Bus is based in Bengaluru, Karnataka, India. Fundz records about 44 employees.
Who are the decision-makers at Fresh Bus?
Fundz holds 1 contact at Fresh Bus. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation and Travel around the same time

Companies in the same sectors as Fresh Bus that raised within 45 days of this round, from Fundz verified event records.

  • VELA raised $45M on September 26, 2024.
  • Distribusion raised $80M (Series C) on September 26, 2024.
  • JCAS Airways raised $2.1M (Pre-Series A) on September 23, 2024.
  • LimoLane raised $38M (Private Equity) on July 12, 2024.
  • Volant Aero raised $13M (Series A) on July 5, 2024.
  • Bot Auto raised $20M (Series A) on September 26, 2024.

Who to call at Fresh Bus, and when

A new round usually means Fresh Bus is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Fresh Bus

Location

Bengaluru, Karnataka, India

About

Fresh Bus is an all-electric intercity bus startup that aims to revolutionize transportation with electric buses. The company provides services such as ticketing, real-time bus tracking, and a loyalty program. Founded by Sudhakar Reddy Chirra, it has plans to expand its fleet to 1000 electric buses across India. Fresh Bus has garnered attention and funding from notable investors and firms, showcasing its potential in the electric mobility sector.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Fresh Bus 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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