EV startup Vidyut raises USD 10 mn

The startup aims at facilitating easier EV ownership for small and large businesses by offering solutions such as EV insurance, lifecycle management and EV resale. The company's proprietary asset-underwriting algorithm and battery health analysis have helped it offer financing through a battery subscription financing model. Its clients include Mahindra, Piaggio, Altigreen, Murugappa Group’s Montra Electric, and others.

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