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Bolt.Earth Raises $20 Million Funding To Power EV Ecosystem

Bolt.Earth offers charging solutions for individuals, businesses, real estate companies, fleet operators, and the government

Bolt.Earth Raises $20 Million Funding To Power EV Ecosystem
Bolt.Earth co-founders Jyotiranjan Harichandan and Mohit Yadav
POSTED ON October 06, 2023 12:22 PM

Bolt.Earth has secured $20 million in a funding round spearheaded by existing and new investors. The electric vehicle (EV) infrastructure and software company said that the round saw the participation of investors such as Union Square Ventures, Prime Venture Partners, ITIGO Funds, and several others.  

Bolt.Earth will engage this capital infusion in charging network expansion, product enhancement, operating system deployment, talent acquisition, and international expansions.   

Reacting on the funding Jyotiranjan Harichandan, co-founder of Bolt.Earth said, “We offer an operating system and a connected platform technology helping OEMs to develop, operate, and monitor their charging network and vehicles. We are also continuously expanding our charging network at a rate of approximately 2,000 new charging points per month. Additionally, we currently hold more than 50 per cent market share in India's EV charging network and play a dominant role in India’s EV Operating System nexus with our deployed chargers and software-defined vehicles.”  

Mohit Yadav, co-founder, Bolt.Earth, further commented, “The current $20 million fund-raise is a part of the company's plan to further its reach to every nook and corner of the country and to begin the era of 'Make in India' EV charging infrastructure products in the global market.”  

Bolt.Earth offers charging solutions for individuals, businesses, real estate companies, fleet operators, and the government. 

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