seed funding 2021-08-13

MetroRide Secures Seed Funding

The funds will be used to expand its all green and EV fleet's footprint in Bengaluru and Delhi-NCR

By Content Writer
MetroRide Secures Seed Funding

AI-based electric mobility platform MetroRide, on Thursday announced a seed funding from angel investors spread across Silicon Valley, New Jersey, and India including senior global executives like Shailesh Powdwal, Sudhir Pai, Bhagirath Tanna and successful serial entrepreneur Sushant Divakar.

“This fresh infusion of funds indicates the trust and confidence of investors in new-age mobility startups like MetroRide. Unlike the other ride hailing platforms our shared e-mobility solution is built for Affordable Daily Commute. We are excited and humbled to have received this funding, especially during these testing times. Today, we are asking people to give up their fossil fuel transport system and embrace the EV revolution with love,” said Girish Nagpal, co-founder and chief executive officer, MetroRide.

The funds will be used to expand its all green and 100 per cent EV fleet’s footprint in Bengaluru and Delhi-NCR. A part of this funding will go towards enhancing its AI engine – VIKI.

“With three core objectives – 'scalability, automation and connected experience', AI is not an option for us. Our AI engine VIKI is at the heart of everything we do. This 100 percent cloud- based mobile application helps commuters to find a quick and hassle-free EV ride. Further, we are the only startup to solve customer safety by using AI-Based Fraud Detection systems. The new investment will be used for further strengthening the technology solutions, and enabling rapid expansion,” shared Kaaman Agarwal, co-founder and chief technology officer, MetroRide.

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