Indian EV charging and mobility solutions firm Magenta raises $40m in Series BIt raised $20m in equity funding and an equivalent amount in debt fundin…

Homegrown electric vehicle (EV) charging and mobility solutions company Magenta has raised a total of $40 million in Series B funding through a combination of equity and debt.

It has closed $20 million in equity funding led by two global marquee investors, co-founder Maxson Lewis told DealStreetAsia in an interview.

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