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Indian intercity bus platform raises $9m series A

Intercity mobility startup from India, Zingbus, has raised US$9 million from BP Ventures in its series A funding round, following a previous US$4.9 million investment.

The new funding will support the expansion of Zingbus’ operations and staff.

The company has also established a commercial agreement with Jio-BP pulse, a collaboration between Reliance and BP, to use its electric vehicle (EV) charging network across India.

Zingbus aims to raise an additional US$6.9 million through a preferential equity share issue, with support from BP Ventures, IE Ventures and 100Unicorns.

Recent Zingbus developments

Timeline
27-Oct-2023 🚕 In 50 Words: Rapido tests taxi service in Hyderabad, plans further expansion
  • Rapido tests taxi service in Hyderabad.
  • Plans expansion to Delhi-NCR, Bengaluru, Chandigarh.
12-Jul-2023 🚀 Indian micro VC eyes $24.3m for pre-series A investments
  • CapFort Ventures raising $24M for tech fund
  • Targets pre-series A startups in various sectors
04-Jul-2022 🌍 Exclusive: Sequoia leads $1.2m raise in ex-Airbus exec’s greentech firm
  • Climes raised $1.2M to offset carbon footprints.
  • Startup aims to neutralize 1M tons of carbon annually.

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