Whalesbook
Bengaluru-based electric vehicle firm 3ev Industries has secured ₹120 crore in Series A funding. The round was led by Mahanagar Gas Limited, which invested ₹96 crore, marking its first strategic move into electric mobility. The funds will be used to scale manufacturing, charging infrastructure, and aftermarket services, including launching the 3C division. 3ev Industries targets the growing demand for L5 electric three-wheelers, anticipating significant market growth and expects to achieve ₹65 crore in revenue with positive EBITDA.