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Startup Update

Magenta Mobility has raised $40 million in its Series B funding

2023-02-13 |

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

Source


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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