Accelero vehicles, a Delhi-based EV startup offering clean motorised transport solutions, raised $232,618 in seed round led by Social Alpha and LetsVenture.
The proceeds of the current investment will support the company’s growth through product development, pilot opportunities, enhancing production capacity, expanding to new geographies, and strengthening the sales and marketing team.
Accelero will also use the rapid prototyping lab and other facilities at Social Alpha’s Clean Energy International Incubation Centre (CEIIC) in Delhi. CEIIC is a joint initiative of the Government of India and Tata Trusts, in partnership with the Department of Biotechnology, BIRAC, Tata Power and TP-DDL.