- Drivezy, the car-sharing startup based in India, is in the process of raising $100 million in equity funding and $400 million in asset financing as it seeks to expand.
- According to a report in TechCrunch citing the company, the $400 million in asset financing will go to build its inventory that is combined with the vehicles users provide.
- The round is staying open for around a year, said Ankur Sengupta, head of business development at the company, who said the company will continue to raise money on an ongoing basis.
- The Series B funding raising was in conjunction with raising $100 million in asset financing.
Drivezy Raising $100M As It Gears To Enter US | PYMNTS.com
12 March 2019 6:30 PM GMT
India-based car-sharing startup Drivezy is raising $100 million in venture funding which it will use to expand, including in the U.S.