Bengaluru-based electric mobility startup Milo Drive, which connects drivers, fleet operators, and ride-hailing companies through a single operating system, has raised US$2.4 million in a seed round led by Caret Capital.

It plans to expand its technology platform, EV fleet operating system, and network of drivers and fleet operators.

Antler India, Alteria Capital, IAN Capital, Climate Angels, Aureolis Capital, and other investors also joined the round.

Milo said its platform integrates vehicle access, charging, demand aggregation, fleet management, and automation.

It also manages routing, maintenance, battery use, and ride demand across multiple platforms.

Founded by Monil Jayeshkumar Khatri and Vishal Jewrajka, Milo said it has powered more than 1 million rides.

The fundraise comes as Karnataka accounted for 23% of India’s chargers, with 75% of them in Bengaluru, a backdrop that could support commercial EV fleets.

🔗 Source: The Economic Times