EV financing startup Vidyut raises $2.5 million from Flourish Ventures

Electric vehicle (EV) financing startup Vidyut has raised $2.5 million from US-based venture capital firm Flourish Ventures.The Bengaluru-based company plans to use the fresh capital to expand its Battery-as-a-Service (BaaS) offerings across the passenger and commercial EV segments.

This follows a $10 million funding round led by 3one4 Capital in February 2024. Vidyut has now raised over $16.5 million to date.

Founded in 2021 by ex-Swiggy and Bounce executives Xitij Kothi and Gaurav Srivastava, Vidyut offers a full-stack ecosystem for commercial and…