Micro-mobility electric vehicles startup PiBeam has raised Rs 5 crore in a bridge funding round from GAIL. The new capital would be used by the company for expanding its product portfolio and ramping up sales.
Founded in 2013 by Visakh Sasikumar, Pi Beam builds connected e-vehicles, for two, three, and four-wheeler offerings for last-mile logistics, and shared and owned passenger movement. With the fresh funding round, the startup has secured a total funding of $1 million in 2019. (Source)
Aarzoo is an author at Entrackr who tries to bring in an unbiased perspective while writing about the budding Indian startup ecosystem. Along the way, she also analyses the companies, their numbers, and compiles them. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. Connect with her at [email protected].
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