Ixigo-backed inter-state electric bus service provider, Freshbus, has raised around $900k from Kunal Shah, TVS Motors MD Sudarshan Venu, and Rivigo CEO and founder Deepak Garg.
The startup will use a majority of the fresh fund to develop its technological capabilities and to expand its team strength, said Sudhakar Reddy Chirra, founder, Freshbus.
It currently operates 20 buses on four routes and aims to expand its fleet to about 70 buses by the end of FY24. It plans to scale up operations to over 1,000 buses pan-India in the next 2-3 years.
Its existing services from Hyderabad and Bengaluru will also add 24 electric buses in the coming days. Ixigo co-founder and group CEO Aloke Bajpai, and co-founder and group CPTO Rajnish Kumar, emphasised on the need to shift to cleaner fuel solutions in mobility.
“We will offer a more environment-friendly and affordable alternative to existing inter-city public transport, which is currently dominated by fossil-fuel buses,” Sudhakar Reddy Chirra added.
