India, Aug. 13 -- Bengaluru-based inter-state electric bus service provider Fresh Bus has bagged INR 87.5 Cr (around $10.4 Mn) in its Series A funding round led by Maniv Mobility.

The round also saw participation from Shell Ventures, Alteria Capital and existing investor Riverwalk Holdings.

The startup plans to use the fresh capital to scale up its bus fleet by launching 150 e-buses and expand its route network by adding 15 new routes.

Besides, it will use the funds to boost its operations, enhance its technological capabilities and strengthen its strategic team to drive growth.

Fresh Bus founder Sudhakar Chirra said that the startup expects to scale to 1,000 electric buses across India over the next four years.

Nate Jaret, partner a...