Home Artificial Intelligence Indian AI-based EV startup MetroRide secures an undisclosed amount in seed funding

Indian AI-based EV startup MetroRide secures an undisclosed amount in seed funding

Bengaluru, India-based AI-based electric mobility platform MetroRide secured seed funding from Silicon Valley, New Jersey, and India-based investors on August 12 2021. The financing round included investors like the entrepreneur Sushant Divakar and senior executives like Sudhir Pai, Bhagirath Tanna and Shailesh Powdwal, who also partook in MetroRide’s pre-seed funding investment round.

The 2020 founded startup MetroRide is now growing at a striking rate of 20% every week. Within just six months of its launch, the startup has stretched off to provide its services to over 60,000 clients with an average of 2.01 minutes of wait time per ride.

What the Co-founder have to say

Co-founder & CTO, MetroRide, Kaaman Agarwal, said, “With three core objectives – “scalability, automation and connected experience”, AI is not an option for us. Our AI engine VIKI is at the heart of everything we do. This 100 cloud-based mobile application helps commuters to find a quick and hassle-free EV ride. Further, we are the only startup to solve customer safety by using AI-Based Fraud Detection systems. The new investment will be utilised to strengthen the technology solutions further and enable rapid expansion.” 

Co-Founder and CEO of MetroRide, Girish Nagpal, said, “This fresh infusion of funds indicates the trust and confidence of investors in new-age mobility startups like MetroRide. Unlike the other ride-hailing platforms, our shared e-mobility solution is built for Affordable Daily Commute.” 

He added, “We are excited and humbled to have received this funding, especially during these testing times. Today, we are asking people to give up their fossil fuel transport system and embrace the EV revolution with love.” 

What the Investors have to say

Investor from Silicon Valley, Shailesh Powdwal, remarked on the venture, “What excited us was the approach MetroRide has taken to address this global problem of Urban Commute using technology and sustainability as its core. Even during the COVID times, the company has crossed many commendable milestones. We are thrilled to be a part of this journey with MetroRide’s passionate & competent team.”

About MetroRide

Established in 2020 by Kaaman Agarwal and Girish Nagpal, MetroRide (also known as Metroride India), aims to solve the first and last-mile connectivity to high-frequency destinations like corporate parks, metro stations, educational Institutes and more. 

The company works through its AI-powered cloud-based application and intends to bolster the EV adoption landscape with its electric vehicles in the upcoming time. For more information, check out https://www.metroride.in/.

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