Cell Propulsion is an electric mobility company based in Bangalore, India, founded in 2016. The company's slogan, "Connected Electric Mobility," reflects its focus on developing zero-emission fully electric Commercial Vehicles and deploying them as part of a larger fully managed eco-system to enable a seamless transition to eCVs for its customers. Enabled by proprietary powertrain and digital technologies, Cell Propulsion aims to accelerate the adoption of eCVs by logistics and transportation companies. Its efforts include building electric powertrains and their components for LCV and HCV segments, as well as developing the support eco-system and digital infrastructure to profitably charge, operate, and manage these vehicles. The company's last investment was an INR140.00M Venture Round investment on 10th June 2021, with funding from growX ventures, Huddle, Endiya Partners, and Micello.
Overall, Cell Propulsion is committed to leading the electrification and digitization of commercial vehicle fleets, envisioning a clean and sustainable mobility of goods.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Debt Financing | Unknown | 4 | Micello | 10 Jun 2021 |
Venture Round | INR140.00M | 4 | Micello | 10 Jun 2021 |
Seed Round | $120.00K | - | 09 May 2021 | |
Seed Round | $1.00M | 1 | 04 Sep 2020 | |
Seed Round | $1.00M | 5 | IIMA Ventures | 26 Dec 2019 |
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