Electric two-wheeler (e2W) startup E3 Electric.Ai has raised Rs 100 crore in a series A round led by BluVenture Holdings as it gears up to launch an e-scooter in the coming weeks. The company is betting that AI-powered features can help address some of the biggest barriers to EV adoption in India.
The funding comprises Rs 75 crore in equity and Rs 25 crore in debt, and more than 80% of the capital has already been disbursed, founder and chief executive P Sanjeev told ET. The company plans to use the proceeds for product engineering and commercialisation of its first scooter.
