Vidyut, an EV ecosystem platform, secured $2.5M from Flourish Ventures to expand its Battery-as-a-Service (BaaS) model in India. Founded in 2021, it has raised $16.5M in total. Vidyut's BaaS reduces EV costs by 35-40% and mitigates battery degradation risks. It partnered with major automakers and expanded into passenger EVs in 2024.
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