Noida's TriGo Electric Raises Rs 40 Lakh in Angel Cum Strategic Funding

Noida-based electric vehicle (EV) as a service startup, TriGo Electric, has secured Rs 40 lakh in equity and an additional Rs 40 lakh as debt from angel investor Ajinkya Firodia, Managing Director of Kinetic Group. The funding was raised through the "Indian Angels" show, the world's first OTT angel investment show, streamed on JioCinema. TriGo Electric plans to utilize the funds for strategic interventions to grow and expand its business operations, increase fleet size, and strengthen its tech platform and research and development. The startup focuses on promoting emission-free delivery and electrifying last-mile deliveries in India through its EV-as-a-service platform.