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Investment Team
SECTOR
Electric Mobility
SECTOR
Electric Mobility
Invested on
Jan 2023
Transaction Type
Minority
Magenta is one of India’s largest electric mobility providers for three wheel electric vehicles (EVs) across seven cities providing electrified last mile delivery logistics. The Company also operates 20+ charging and parking hubs in these cities. Magenta is working on an eco-system approach to provide solutions to all the stakeholders – customers, driver partners, original equipment manufacturers (OEMs) and financiers. The Company enters into B2B contracts with customers which include some of the large e-commerce, food and online delivery companies.
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