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New Atlantic Ventures pours $5 Mn in bus aggregator Shuttl


In a funding round led by US-based venture capital firm New Atlantic Ventures, bus aggregator Shuttl has raised $5 million. Last month, it raised $7-8 million from Sequoia Capital and Lightspeed Ventures.

The startup aspires to take the round up to $20 million and its valuation is expected to cross $150 million mark. Recently, it tied up with Delhi utility BRPL to add 300 electric buses and install more than 50 charging points in Delhi. (Source)

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