Zingbus, a Delhi, India-based company building a tech solutions platform for electric bus operators and their customers travelling between cities, raised $9M from bp Ventures in Series A funding.
The company intends to use the funds to scale operations and grow the team.
Started by Prashant Kumar, Mratunjay Beniwal and Ravi Verma in 2019, Zingbus is using technology to standardize the space of India’s intercity bus travel. They aggregate small bus companies under their brand umbrella helping them make more profits and deliver a reliable experience to travelers.
Since its inception in 2019, the company has worked with small and medium sized bus operators to serve more than two million users across 300 Indian cities. Zingbus has signed a commercial agreement with Jio-bp pulse, the electric mobility joint venture between Reliance and bp, to utilize its EV charging network and convenience sites across the country for bus operators on its platform.
FinSMEs
19/12/2024