India’s electric vehicle (EV) infrastructure and software provider, Bolt.Earth, has secured $20 million in funding to expand its charging network and strengthen its presence in India and globally.
The funding round was led by Union Square Ventures, Prime Venture Partners, ITIGO Funds, and several others. The new investment will help Bolt.Earth to enter new markets across Asia, Europe, South America, and Latin America.
Bolt.Earth offers charging infrastructure and software solutions for electric vehicles.
The company aims to provide efficient and affordable EV charging solutions to enable the mass adoption of electric vehicles. Bolt.Earth’s charging network includes DC fast chargers, AC chargers, and battery swapping stations. The company’s software solutions enable EV owners to locate charging stations, make payments, and track their charging history.
Union Square Ventures, a New York-based venture capital firm, has previously invested in several successful startups, including Twitter, Etsy, and Coinbase.
The firm’s investment in Bolt.Earth highlights the growing interest in EV infrastructure and software solutions. With the global shift towards sustainable energy, Bolt.Earth’s charging network and software solutions are well-positioned to meet the increasing demand for EV charging infrastructure.
Union Square Ventures’ Investment
Union Square Ventures has backed Bolt.Earth, an Indian startup that offers EV charging infrastructure and software solutions.
The startup has raised $20 million in a funding round, with Union Square Ventures being one of the new investors.
Union Square Ventures is known for being one of the most visionary investors in the world, with a strong focus on climate change and sustainability.
The investment in Bolt.Earth is in line with the company’s vision of supporting startups that have the potential to make a positive impact on the environment.
The funding round will aid Bolt.Earth in expanding its charging network, strengthening its presence in India, and entering new markets globally, including Asia, Europe, South America, and Latin America. The investment will also help the company to develop new software solutions for EV charging infrastructure.
Union Square Ventures’ investment in Bolt.Earth is a testament to the company’s commitment to sustainable investments. The company’s $200 million climate fund, raised less than two years after its first climate fund, is certain to add fuel to its mission of supporting startups that are working towards a sustainable future.
Overall, Union Square Ventures’ investment in Bolt.Earth is a positive step towards a greener future, and it highlights the importance of supporting startups that are working towards a sustainable future.
About Bolt.Earth
Bolt.Earth is an Indian startup that specializes in providing electric vehicle (EV) charging infrastructure and software solutions. The company offers a variety of products and services that are designed to enhance the EV charging experience for both consumers and businesses.
One of the key products offered by Bolt.Earth is its charging network business, which provides a comprehensive charging infrastructure for EVs. The charging network consists of charging points that are strategically located across India, making it easy for EV drivers to find a charging station wherever they are.
In addition to its charging network business, Bolt.Earth also offers a range of other products and services. These include its Bolt.Earth OS, which is an operating system deployment that helps to streamline the management of charging infrastructure. Bolt.Earth also offers a low-code integration platform that allows businesses to easily integrate their existing systems with Bolt.Earth’s connected platform technology.
Bolt.Earth is a software company that is focused on providing innovative solutions to the EV industry. The company’s products and services are designed to help businesses and consumers alike to make the transition to EVs as smooth and seamless as possible.
One of the key advantages of Bolt.Earth’s products is that they are designed to be highly scalable and customizable. This means that businesses of all sizes can benefit from Bolt.Earth’s solutions, whether they are looking to set up a small charging network or a large-scale EV infrastructure.
Overall, Bolt.Earth is a company that is committed to providing cutting-edge charging solutions for the EV industry. With its range of products and services, Bolt.Earth is well-positioned to help drive the adoption of EVs in India and beyond.
