Bengaluru-based electric vehicle (EV) startup Cell Propulsion on Monday announced that it has raised an undisclosed amount in a pre-Series A funding round led by growX ventures and Micelio. Existing investor Endiya Partners, who led the seed round in September 2019, also participated in this round.
The startup said the funds will be used to start deploying powertrains for electric trucks and electric buses with fleet operators, and large ecommerce and logistics providers.
Founded in 2017 by former Indian Space Research Organisation (ISRO) engineers – Nakul Kukar, Paras Kaushal and Supratim Naskar, Cell Propulsion is working on developing integrated electric powertrains for electric buses and electric LCVs. It has also been a part of the EV accelerator program by Huddle, a leading accelerator for early-stage companies in India.
Over the past year the startup has been been upgrading its technology for high voltage (>600V) and high power (>100kW) applications in eBuses, and eHCVs. It is gearing up to start delivering powertrains and vehicle conversion kits with some large fleet operators across the industry.
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