Magenta Mobility has raised $40 million in its Series B funding - Updates
India Climate Startups Update
Magenta Mobility has raised $40 million in its Series B funding
Magenta is a EV charging and mobility solutions company backed by HPCL and investors such as JITO Angel Network, LetsVenture, and Indian-American philanthropist, Dr Kiran Patel.
- Electric Vehicle
- Electric Mobility Solutions
Notes by Narsi
I remember interacting with Maxson Lewis, the startup co-founder, in its early stages, when he was focussed on the EV charging infra market.
While I see he has pivoted to a model of EV as a Service (a more lucrative one compared to the charging infra market), in my opinion, I see that he has kept his DNA of moving super fast alive.
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