India, March 20 -- Mumbai-based electric mobility startup Magenta Mobility has raised INR 100 Cr (about $11.5 Mn) in a mix of equity and debt in its pre Series B round, sources told Inc42.

The startup has raised INR 50 Cr from its existing investors BP Tech Ventures and Morgan Stanley India Infrastructure, with both looking to invest INR 25 Cr each. The remaining INR 50 Cr was raised via debt funding, the sources added.

However, Inc42 couldn't ascertain the name of the investors involved in debt infusion.

Magenta Mobility is also eyeing launching a Series B round of INR 400 Cr to INR 500 Cr in the coming months. "This (pre-Series B round) is the gun powder for Series B, which will take another six months to be formally launched," one o...