https://techcrunch.com/2023/11/26/india-emotorad-funding-series-b-ebike/

EMotorad, an Indian startup manufacturing electric bikes, raised $20 million in a Series B round as it aims to disrupt China’s market domination and expand its presence in global markets.

The three-year-old startup has raised more than $22.5 million in total funding, with Singapore’s Panthera Growth Partners leading the latest round, along with participation from Alteria Capital, xto10x Technologies, and Green Frontier Capital — the startup’s existing investor. Additionally, the fresh funding round includes a debt of $2.5 million.