|Fund Raised in USD||$40 million|
|Chief Executive Officers||Maxson Lewis|
Indian EV Company, Magenta Bags $40 Million
In recent PR, Magenta confirms that they raised $40 million around 250 crores in a series B funding round led by 2 global Marquee Investors.
CEO Maxson said that we are a made-in-India startup and have the plan to release 9200 EV vehicles by next year and we are future-ready after this investment round.