VidyutTech has raised $2.5 million in a recent funding round led by Flourish Ventures to accelerate growth in electric commercial vehicle financing. The Bengaluru-based startup aims to capture market share in a rapidly growing sector.

VidyutTech, an EV financing startup based in Bengaluru, recently secured $2.5 million from Flourish Ventures. The company focuses on financing electric commercial vehicles, particularly electric three-wheelers for intracity deliveries. This funding will help accelerate their growth in a sector where traditional financial institutions have yet to establish a strong presence. Founded in 2021, VidyutTech has raised a total of $17 million over multiple rounds.