India, March 19 -- SMPL

Bangalore (Karnataka) [India], March 19: In a major development in India's electric mobility sector, Scootev, one of Bangalore's largest fleet operators with over 3,000 active e-bikes on the streets, is set to raise funds at a valuation of Rs 100 crore. This strategic move positions Scootev as a dominant player in the rapidly growing EV industry, reinforcing its commitment to revolutionizing urban transportation with sustainable and cutting-edge solutions.

Founded by visionary entrepreneur Murad Khan, Scootev has emerged as a game-changer in Bangalore's EV ecosystem, providing efficient, eco-friendly, and cost-effective mobility solutions. With an expanding user base and growing demand, this funding round aims to...