- Chennai-based Pi Beam Labs, a cleantech automotive startup that makes electric utility vehicles for the micro-mobility market, has raised an undisclosed amount of pre-Series A funding from Eagle10 Ventures, Bluehill Capital, and other high net-worth individuals.
- The startup will deploy the funds into expanding its core team, launch new product development initiatives, and ramp up its sales efforts.
- Incubated at IIT-Madras' Incubation Cell, Pi Beam Labs designs, develops and sell future mobility hybrid vehicles (solar +Electric+Pedal Assist).
- Founded in 2013 by Vikas Sasikumar and Jacob Thekkekara, Pi Beam offers pedal-assisted, solar and electric trikes (bike with three wheels) for logistics and passenger movements.
Cleantech Hybrid-Mobility Startup Startup Pi Beam Labs Raise Funding from Eagle10, Bluehill Capital
6 April 2019 1:53 AM GMT