The EV Blive platform raises funds

In 2020, BLive launched India’s first online electric vehicle marketplace offering brands of electric bikes and electric scooters and recently launched a trade-in and upgrade program, aimed at promoting the adoption of electric vehicles..

Blive Electric Vehicle Platform, raised $ 100,000 as part of the follow-up capital of the pre-series A round of ah! Ventures Angel Platform and Marwari Angels. The company had raised funds, led by DNA Networks and other angel platforms earlier this year.

The EV Blive platform raises funds Founded in 2018 by Samarth Kholkar and Sandeep Mukherjee, BLive offers experiential guided tours on electric bikes, aimed at promoting sustainable tourism in India. BLive is Goa Tourism’s official EV partner and has also partnered with hotel companies such as Club Mahindra, Taj Hotels, Grand Hyatt, and Airbnb.

“At BLive, we want to remove barriers for consumers to transition to electric mobility, whether it’s with EV Tours where consumers have direct EV experience or our EV Store, where we guide consumers to EV ownership. by choice, know-how and experience. “

“This year, we plan to expand EV tours to more than 30 locations and expand our portfolio of EV partner brands and business footprint through online and offline channels.” said Samarth Kholkar & Sandeep Mukherjee, co-founders, BLive.

Kholkar said that in a short time, Blive EV Tours has expanded to the top 15 cities in nine Indian states and has completed more than 13,000 electric bike tours to date. Driven by an increase in domestic tourism after the pandemic, BLive has seen three times the growth of its e-bike tours.

The EV Blive platform raises funds In 2020, BLive launched India’s first online electric vehicle marketplace featuring brands of e-bikes and electric scooters. It recently launched a trade-in and upgrade program, aimed at promoting the adoption of electric vehicles. Owners of gasoline two-wheelers can trade in their existing vehicles and upgrade to a new electric vehicle. The EV store has successfully delivered customers in over 40 cities in less than 6 months of the online store launch.

Atul Javeri, business partner, ah! Companies said, “BLive is an exciting way to enjoy an electric bike ride while you’re on vacation and then buy one for your regular routine. The team perfected this game by first combining the business model of experience and purchase later by partnering with major resort chains and having their own online store. This is the first model of this type in the world and we want to support the growth of the company thanks to these investments.

Commenting on the investment, Subhash Tripathi, Angels Marwari said, “Rising fuel prices, lower lithium-ion battery prices and government-provided subsidies are accelerating the pace of electric vehicle adoption in India and around the world. A century-old auto industry is going through its greatest disruption and new business models are emerging. Blive chose two highly scalable companies: EV Tours and EV marketplace. Both have been piloted and show an extremely promising growth path. We have also recently seen a strong upturn in the EV theme of venture capital funds. “

It’s uh! Ventures’ 78th investment (in 62 startups) bringing its total investment portfolio to INR 211 CR (~ 30 MN USD) with 11 exits to date (and 2 more exits are underway). It’s uh! Ventures 15th investment in 2021 and we plan to make over 50 investments in 2021 for a total of 150 INR + CR (~ 20 MN USD).


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