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A Startup Incubated by the Indian Institute of Technology Madras Raises 10 Crore for its Electric Vehicle Platform

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A Startup Incubated by the Indian Institute of Technology Madras Raises 10 Crore for its Electric Vehicle Platform

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  1. A Startup Incubated by the Indian Institute of Technology Madras Raises 10 Crore for its Electric Vehicle Platform Esmito, an electric vehicle (EV) startup, supported by the Indian Institute of Technology Madras, has secured seed funding from Unicorn India Ventures for ten crores. According to the company, the money will be used to enhance the technical team, expand swapping solutions, and carry out the company’s growth and expansion strategy. Esmito stated that it also plans to develop numerous use cases in essential industries like logistics and MAAS (Mobility as a Service).

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