Startup Funding Alert: PiggyRide bags Rs 14 crore funding led by JAFCO Asia - ETtech

#fundingalert #startupfunding #startups #mobility #kids #children

PiggyRide, which offers cab services for kids, has raised Rs 14 crore in pre-Series A investment from JAFCO Asia, along with a new investor Artha Venture Fund.

The startup runs three products including PiggyDiscovery, which offers parents and kids a platform to browse and book extracurricular interest-based activities. It also operates an education financing marketplace, PiggyFinance that assists parents with lesser disposable income to pay off school fees in instalments.

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PiggyRide bags Rs 14 crore funding led by JAFCO Asia - ETtech

PiggyRide, which offers cab services for kids, has raised Rs 14 crore in pre-Series A investment from JAFCO Asia, along with a new investor Artha Venture Fund. The startup runs three products including PiggyDiscovery, which offers parents and kids a platform to browse and book extracurricular interest-based activities.

Startup Funding Alert: Artha Venture Fund Announces New Investment Of Rs 3.50 Crore In Piggy Ride

#startups #startupfunding #fundingalert #kidsmobility #mobility #education #schools

Artha Venture Fund (AVF), India's first early-stage micro-VC fund, has invested Rs 3.50 crore in a Pre-Series A funding round in PiggyRide, an easy to use hassle-free service for the parents of kids between 2-18 years of age. PiggyRide, co-founded by Manish Tewari and Rohan Kaushal in 2019, leverages technology and AI/ML tool to provide mobility solutions for schools and children. It offers tuition fee financing, which allows parents to pay school fees through easy EMIs. They are also building a discovery platform for kids, developing after school activities and hobbies.

Apart from PiggyRide’s 16-point certification process, there are varied safety features in all the vehicles such as GPS trackers, cameras to provide live video surveillance to parents, panic buttons, and car immobilizers to alert the PiggyRide team, and much more. Each driver is assigned a "PiggyRide Score", which serves as a performance benchmark, and a deduction of 50 points on each policy violation. A driver is removed from the platform if the score falls below 600.

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Artha Venture Fund Announces New Investment Of Rs 3.50 Crore In Piggy Ride

Artha Venture Fund (AVF), India's first early-stage micro-VC fund, has invested Rs 3.50 crore in a Pre-Series A funding round in Piggy Ride, an easy to use hassle-free service for the parents of kids between 2-18 years of age. Piggy Ride leverages technology and AI/ML tool to provide mobility solutions for schools and children.

Startup Technology: Walkcar, a Portable vehicle that looks like a laptop with wheels

#mobility #electricmobility #micromobility #smartcities

Micro-mobility devices present an environmentally friendly and traffic-free means of commuting in urban centers. Little wonder they are becoming more popular in this age. Unfortunately, portability has been a significant drawback of the standard micro-mobility options.

The people that need them the most also need to get on buses or trains to get to their destination. However, most of the available devices are either impossible to carry along or too bulky to carry conveniently. COCOA MOTORS. Inc. hope to solve this problem with the Walkcar, a commuting device that’s just about the size of your laptop.

Walkcar is currently priced at around $1,800 excluding tax. This price looks pretty steep, especially when you consider the fact that there are more powerful electric scooters or skateboards in the same price range. However, portability is the major selling point of Walkcar, and there’s hardly any as portable. For now, the device is only available in Asia, but COCOA MOTORS. Inc. hope to scale to other continents soon.

A short video on Wlakcar

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Walkcar: Portable vehicle that looks like a laptop with wheels

Micro-mobility devices present an environmentally friendly and traffic-free means of commuting in urban centers. Little wonder they are becoming more popular in this age. Unfortunately, portability has been a significant drawback of the standard micro-mobility options. The people that need them the most also need to get on buses or trains to get to their destination.

MicroMobility - US-based Rocketship leads Rs 30 Cr funding in Indian micro-mobility platform Yulu

#fundingalert #startups #startupindia #startupfunding #EV #electricmobility #smartcities #localmobility #micromobility #vc #vcfunding

India’s EV market is estimated to touch $2 billion by 2023, according to TechSci Research.

Bengaluru-based last-mile micro-mobility platform Yulu on Monday announced that it has raised a fresh funding of Rs 30 crore led by US-based VC firm rocketship.vc and existing investors.

Amit Gupta, Co-founder and CEO, Yulu shared “Users find Yulu as the safest mode of commute due to our single-seater vehicles and frequent sanitization. It is becoming increasingly evident that shared mobility platforms like Yulu will lead the large scale adoption of Electric Vehicles in India.”.

This marks rocketship.vc’s first-ever investment in the Indian micro-mobility sector. The VC firm has backed many Indian startups including players Moglix, Khatabook, NoBroker.com, and Locus to name a few.

So far, Yulu has raised more than $20 million in funding from key investors like Bajaj Auto Ltd, Blume Ventures, 3one4 Capital, Wavemaker Partners, and now US-based rocketship.vc, among others. In November 2019, Yulu had received Series A funding of $8 million, led by leading automobile manufacturer Bajaj Auto Ltd.

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US-based Rocketship leads Rs 30 Cr funding in micro-mobility platform Yulu

Bengaluru-based last-mile micro-mobility platform Yulu on Monday announced that it has raised a fresh funding of Rs 30 crore led by US-based VC firm Rocketship and existing investors. According to a statement released by the startup, the new investment will be used for further strengthening the mobility platform, providing technology solutions, and enabling rapid expansion.

Bounce CEO: Intra-city will evolve as a service - Forbes India

As economic activity starts again, and people’s need to commute returns, the role of self-driven shared mobility startups will be vital—they will account for affordability, efficiency, safety and low-traffic footprint, says Vivekananda Hallekere, co-founder and CEO of bike-rental startup Bounce.

Edited excerpts from an interview with Forbes India ->

Intra-city Mobility Will Evolve As A Service: Bounce CEO | Forbes India

This is part 3 of a series on the future of mobility in a post-Covid-19 world. As economic activity starts again, and people's need to commute returns, the role of self-driven shared mobility startups will be vital-they will account for affordability, efficiency, safety and low-traffic footprint, says Vivekananda HR, co-founder and CEO of bike-rental startup Bounce.