Home-grown electric vehicle charging and mobility solutions company Magenta is looking to raise $20-30 million in a Series B funding round in a couple of weeks, co-founder Darryl Dias told DealStreetAsia in an interview.
The upcoming round will be led by international investors and see participation from existing ones. Seed-funded by HPCL in 2018 and backed by the Microsoft Global Start-up Programme, Magenta had raised pre-series funding from JAN (JITO Angel Network) and LetsVentures. It was also followed by a $15-million Series A funding by Indian-American billionaire and serial entrepreneur Kiran Patel in May 2021.